18 June 2009
In the TDS circular it is mentioned that
"The new system of reporting will be effective for all TDS / TCS transactions made on or after 1stApril, 2009. However, any TDS or TCS effected from 1st April 2009 to 31st May, 2009 shall continue to be paid to the credit of the Central Government by using the old challan forms. In this case, the deductor / collector shall, nevertheless, be required to fill up Form No.17 in respect of such payments at any time between 1st July, 2009 and 15th July, 2009. The TDS or TCS effected on or after the 1st June, 2009 shall be required to be paid by electronically furnishing income tax challan in Form No. 17"
In this case is it necessary to fill up From No. 17 for the transactions for April and May 2009 just fill up the Form No. 17 and no payments to be made since already paid through old challan.
In Form 24C we have to mention only one CIN per month. But in the old challan No. 281 (for April and May) the payments were made according to different Sections and the number of CIN was generated were as per Section (for eg Sec 94C, 92B, 94I, 94J etc separate CIN were generated for each Sections)
Kindly clarify how to fill up CIN in form 24C for the 1st Quarter and what is the effective date for filing (1st July to 15th July, kindly confirm).
CAclubindia
