31 January 2008
As per Income-tax (Ninth Amendment) Rules, 2007 notified vide No.238/2007, Dated 30-08-2007, the following persons are mandatory required to file TDS / TCS returns electronically on quarterly basis: 1. the deductor is an office of Government, or 2. the deductor is a company; or 3. the deductor is a person required to get his accounts audited under section 44AB in the immediately preceding financial year; or 4. the number of deductees' records in a quarterly statement for any quarter of the immediately preceding financial year is equal to or more than fifty. The revised amendment shall come into force with effect from 1st September, 2007 .
CAclubindia
