Dear Friends, As you aware CBDT made major changes in TDS compliances. There was lot of confusion about form 17, UTN & finally, CBDT has postponed the date from 1st April to 30th June. Now also I am not sure whether CBDT will make all the preparation before this date, so on that date also there will be lot of confusion. Yet Form 17 not posted on the website of the NSDL. In the IT Return also we have to show the UTN & up to yet there is no specific clarity about the UTN. CBDT may have to extend the return filling date also. Required opinion of you all to remove the confusion.
3 Replies
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 28 May 2009
Jayesh Jee,
Lets wait & watch. dekhein kya hota hai.
very confused IT department & there software providers.very pathetic.
:-(
Sawan Negi
(Article)
(54 Points)
Replied 08 June 2009
| Originally posted by :Jayesh Jagetiya | ||
| " | Dear Friends, As you aware CBDT made major changes in TDS compliances. There was lot of confusion about form 17, UTN & finally, CBDT has postponed the date from 1st April to 30th June. Now also I am not sure whether CBDT will make all the preparation before this date, so on that date also there will be lot of confusion. Yet Form 17 not posted on the website of the NSDL. In the IT Return also we have to show the UTN & up to yet there is no specific clarity about the UTN. CBDT may have to extend the return filling date also. Required opinion of you all to remove the confusion. | " |
the applicability of the form 17 is enforceable from 1st july onwards............
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 08 June 2009
Dear Sir,
from 1st July 2009, new form 17 should appear on NSDL web site. As per my understanding, while paying TDS through form 17(if deductees are less than 10), PAN will be validated and UTN will be generated.if deductees are more, we can prepare and unload the same. for the FY 07-08 and FY 08-09, IT Dept will send UTNs for all the transactions through email to the deductors and deductee can also receive the same from IT Dept. web site. but still no body knows how actually it will work.
Recent Topics
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
Related Threads
CAclubindia
