The Central Board of Direct Taxes (CBDT) has introduced new TDS challan forms, specifically 26QB, 26QC, 26QD, and 26QE. These changes, effective from July 1st, 2022, amend the Income-tax Rules, 1962. The new forms are related to the deposit of tax deducted under various sections of the Income-tax Act, including those concerning winnings, benefits, perquisites, and consideration for specified transactions.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 21st June, 2022
INCOME-TAX
G.S.R. 463(E).- - In exercise of the powers conferred by section 295 read with sections 194B, 194-IA, 194R, 194S and section 206AB of the Income-tax Act, 1961, the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. Short title and commencement.- -
(1) These rules may be called the In
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FAQ :
The CBDT has notified new TDS challan forms including 26QB, 26QC, 26QD, and 26QE.
These new rules and forms come into effect from July 1st, 2022.
The new forms are related to tax deducted under sections 194B, 194-IA, 194R, 194S, and 206AB of the Income-tax Act, 1961.
Form 26QE is a challan-cum-statement for depositing tax deducted under section 194S by a specified person.
Tax deducted under section 194S must be deposited to the credit of the Central Government electronically within thirty days from the end of the month in which the deduction is made, using Form 26QE.
Form 16E is a certificate of deduction of tax at source that must be furnished to the payee within fifteen days from the due date for furnishing the challan-cum-statement in Form 26QE.