Form No. 17

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SACHIN (Querist)
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24 June 2009 1) When to fill Form No. 17 for TDS.
2) Tax Deductor to fill this Form ?
3) what period to start fill No. 17
4) Please give me full details of Form No. 17 for UTN.
5) When receive the UTN No.

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Guest (Expert)

24 June 2009 Here is what you need to know:

New TDS notification postponed to 1st July - Press release

No.402/92/2006-MC (11 of 2009)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

PRESS RELEASE
The Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962. The amended / substituted Rules will now come into effect on 1st July 2009 instead of 1st April 2009.
Tax deductors / collectors may continue to deposit TDS / TCS tax and file TDS / TCS returns as per the pre-amended provisions in the interim period.

Form 17 is nothing but its new format of submission of TDS instead of 281 challan.
Brief details:
1. Return of Challan Format:
a. New Return of TDS Challan, Form 17 is introduced.
b. Form No. 17 is section Independent. Deductor has to file Form 17 electronically for every challan deposited by him.
c. This Form is applicable from the F.Y. 2009-10
d. This Form require following information:
1. PAN & TAN of the deductor.
2. Name, Address & Telephone No. of deductor.
3. Financial Year for which the payamnt made
4. Detail of Challan deposited i.e. BSR Code, Date of Deposit, S.No., Transaction Ref. No.
5. Detail of Payament of TDS. This additionally Contains, information of the Account No. from which the payment has been made [or Card No] of the Deductor.
e. Detail of Deductees also to be file in this Form, this require following information
1. UTN (It will be provided by the IT department)
2. PAN of the Deductee
3. PAN Validation Detail (It will also be provided by the IT department)
4. Name of the deductee
5. Total amount of TDS Paid
Total amount of TDS of the all deductee should be matched with the total amount deposited.
f. The Deductee records under that challan have to be entered online [if less than 10] or have to be uploaded through a file.

g. after successful upload made, an acknowledgement would be generated in Form 17 format, which validates [Yes/No] for each PAN of the deductee and generates a Unique Transaction Number [UTN] .
2. Payment:
a. Electronic Payment [e-Payment] of TDS made mandatory to all. No TDS/TCS Payments would be accepted directly at Bank Branches.
b. Credit Card/Debit Card acceptance is likely to happen.
c. The old system of e-Payment may remain for challan payments of earlier years.
4. Due Date:
a. Challan Payment Due dates remain almost the same.
b. Joint Commissioner, on prior request through AO, can approve for Quarterly payment of TDS under certain sections. The Sections are
1. 192 Salary 2. Interest 194A
3. Insurance Commission 194D 4. Commission 194H
Last date of payment in these cases will the 15th june, 15th September, 15th December, & 15th march on the quarterly basis for in the case of Salary deduction. & for remaining 3 types of deduction the due dates will be 15th july, 15th October, 15th January, & 15th April.

Payment has to be made monthly for Section other than mentioned above.