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Few questions on TDS (new provisions)

Dr. Jones (Director) (253 Points)

12 October 2009

Question 1: i asked about changes in T.D.S RATE with effect from New budget is there is cess or surcharge is obsolute withdrawn.

Question 2: For deposit T.D.S. it is compulsary to deposit on form no 17 now we are deposit on form no 281 is this is wrong or right. pls. tell

Question 3: New amedment in T.D.S. RETURN is it is compulsay to verify the challan by net in return.

Thanks!

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6 Replies

Sorabh Gupta (Manager ( Taxation )) (877 Points)
Replied 12 October 2009

Ans 1. Yes Surcharge & cess has been absolutely withdrawn but still exist on payment of salary & non resident.

Ans 2. As there is no another clarification for FORM 17 by income tax deptt. & from my point of views FORM 17 is still in the bucket of confusion . So payment to be made thru CHALLAN 281 .

Ans 3. Till date TDS return to be submitted in old format . So no new format

Hope your query is resoved...................

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T.S.CHANDRASEKARAN (CHARTERED ACCOUNTANT) (60 Points)
Replied 15 October 2009

Q2- Form 17 is yet to be implemented.Form 281 or eremittance mode continue as of date.

Q3- challan verification is optional as given in the tin.nsdl website.but to be error free you can use it.

Raj Chitroda (Accounts) (325 Points)
Replied 29 October 2009

CERCULER OR NOTIFICATION FOR NEW TDS RATES

tiwari (manager) (37 Points)
Replied 29 October 2009

pls find new tds rate

Attached File : 19 tds chart 09 10.xls downloaded: 196 times

CA MOHIT GUPTA (PRACTICE) (49 Points)
Replied 29 October 2009

Dear Jones,

Ans to Q1: Yes, Surcharge, Education Cess are completely withdrawn except for:

Salaried Person and
Non Residents

Ans to Q2: Form No. 17 is not implemented and also no circular or clarification is available on site. So you must continue with Challan 281.

Ans to Q3: Challan verification is optional but advisable for hassle free tax planning.

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Ganapati (Article Assistant) (81 Points)
Replied 31 October 2009

Ans to Q1: Yes, Surcharge, Education Cess are completely withdrawn except for:

Salaried Person and
Non Residents

Ans to Q2: Form No. 17 is not implemented and also circular or clarified (ragarding Form no. 17 and Unique code)that still to issue a final circular..until and then people have to use Form No. 281 only..