CA. Rajesh Bhat (S Req. Sepcialist) (40 Points)
17 April 2009As per Sec 206C of Income Tax Act, 1961, collections from Toll Plaza is subject to Tax Collection at Source. But the same has been omitted from Form 24C - TDS and TCS Compliance Statement.
Is anybody aware of this? Is this a new change to sec 206C? Or is there a mistake in the existing Form 24C?
DIPAK AGARWAL
(Service)
(554 Points)
Replied 18 April 2009
| Originally posted by :CA. Rajesh Bhat | ||
| " | As per Sec 206C of Income Tax Act, 1961, collections from Toll Plaza is subject to Tax Collection at Source. But the same has been omitted from Form 24C - TDS and TCS Compliance Statement. Is anybody aware of this? Is this a new change to sec 206C? Or is there a mistake in the existing Form 24C? |
" |
from24c is to be filed for all head sec. wise details of tds paid qtrly statement to be filed instead of form-24Q & 26Q. Also This form also not contain the deductee wise breakup too.
Further annually we have to file the tds return vide form -24Q & 26Q as earlier including dedutee wise break up to for the whole year with in 15june for the every financial year as per new TDS complaince w.e.f. 1-4-09
But i donot now whether the same is implemented from 1-4-09 becuase this prov. also contain the epayment of TDs by very body earlier it was for cos. & those on which tax audit applicable. Further the form 281 is abolised by from 17 it is also contain the tds challan breakup with deductee name & pan details.
Pl. also let me know if any clarifications..
CA. Rajesh Bhat
(S Req. Sepcialist)
(40 Points)
Replied 20 April 2009
Hi Dipak,
Thanks for the response. But my question was with regard to omission of Toll plaza from Form 24C. If you are aware of this please let me know.
Other information with regard to 24C is already available with me.
Ramakrishna
(Financial Executive)
(438 Points)
Replied 21 April 2009
Dear Rajesh Bhat!
As rightly pointed out by you, the term 'toll plaza' doesn't find place in the new FORM 24C. There is no change in the law but this omission appears to be glaring mistake which needs to be immediately rectified by the IT department.
Do post your response!
Good Bye! Cheers!!
suresh kumar
(na)
(22 Points)
Replied 23 June 2009
Sir
I didnt get form 24c and 17 please sent the excel format
suresh
CAclubindia
