TDS NOTIFICATION

Notification on TDS and TCS

The Board has amended the rules relating to Tax Deduction at Source (TDS) and

Tax Collected at Source (TCS) vide Notification No. S.O.858 (E) dated 25th March

2009.

In this context, taxpayers are informed that the new Form 17 (the challan for

payment of TDS and TCS) is applicable only for payment of tax deducted or

collected at source on or after 1st April 2009. Therefore, in respect of any TDS or

TCS made before the 1st April, 2009, the payment will continue to be made to the

credit of the Central Government by using the challan in Form No. 281 (i.e. the

old challan form) even after 31st March 2009.

The Central Board of Direct Taxes will shortly issue a detailed circular on the

amended rules relating to TDS and TCS.

BSC/BY/GN-105/09