Kindly help abount TDS Deposited for the month of may,2009 it is deposited in new Form
VIPUL BUBNA
(MANAGER TAXATION)
(119 Points)
Replied 02 June 2009
TDS for the month of May,2009 is to be deposited using the old challan, as the notification issued for new Form will be effective from 1st july,2009
Therefore follow the old system of payment of TDS
CA Netra
(Practice)
(117 Points)
Replied 02 June 2009
Where the payment of TDS or TCS effected on or after the 1st April, 2009 but not later than 31st May, 2009 is paid to the credit of the Central Government by using the old challan form, the deductor / collector shall, nevertheless, be required to fill up Form No.17 in respect of such payments any time between 1st July, 2009 to 15th July, 2009. Therefore, the deductors/collectors are advised to prepare the schedule relating to details of TDS / TCS from deductees in Form No.17 in advance (in an excel sheet) and be in a state of preparedness to file the same by 15th July, 2009 so that the UTNs relating to TDS / TCS transactions carried out in the month of April and May can be generated / obtained for onward transmission to the deductees.
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 02 June 2009
yes till 30.06.09 use old challan
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 02 June 2009
But as per new circular 2 dated 21.5.09, from 1st june 2009 tds has to be deposited by using new form 17 but till date cbdt has not uploaded any new form on nsdl website. please advice
| Originally posted by :Praveen Kumar | ||
| " | yes till 30.06.09 use old challan | " |
Vidya
(Accounts Executive)
(564 Points)
Replied 03 June 2009
As per my understanding there is no need to file Quarterly TDS returns as per the Notification No. S.O.858 (E) dated 25th March, only we have to prepare Quarterly Return in 24Q & 26Q and filing date is annual i.e. is 15th June every year.
Now since the new TDS Form will be applicable from 1st of July, is TDS return for 1st Quarter i.e. April to June 2009 to be filed in July? If yes in which format whether old or new? If no then we should not file any return in July 2009?
Kindly clarify at the earliest
Vani Sreenath
(Employed)
(66 Points)
Replied 03 June 2009
We need to file quarterly returns in 24C for which the due dates are same as earlier- 15th Jul, Oct, Jan & 15th June. Also, Filinf of Form 24Q & 26Q shall now be required to be filed for all the quarters on or before 15th of June following the financial year. Effectively, the quarterly returns have now been replaced by annual returns.
Vidya
(Accounts Executive)
(564 Points)
Replied 11 June 2009
that means no need to file quarterly returns from now only a consolidated return for the FY 2009-10 to be filed by 15th June 2010.
Kindly confirm
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 11 June 2009
| Originally posted by :Vidya | ||
| " | that means no need to file quarterly returns from now only a consolidated return for the FY 2009-10 to be filed by 15th June 2010. Kindly confirm |
" |
You still have to file form 24C quarterly and form 24Q and 26Q have to be prepared quarterly and to be filed annually.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 11 June 2009
For payment of TDS deducted in the month of May old challan 281 and for June as per notification Form no. 17. If it does not show up on the site then wait and watch for any notification in July.
Form No. 24C quarterly w. e. f. 01.04.2009 and to be filed even if NIL return and 24Q & 26Q be prepared quarterly and to be filed annually.
Vidya
(Accounts Executive)
(564 Points)
Replied 17 June 2009
In the TDS circular it is mentioned that
Kindly reply at the earliest
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