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Form 60 tcs

Tara Khandelwal (Student CA Final ) (298 Points)

03 December 2016

For Paying TCS we have collected Form 60 from persons. Now how to make declaration that we have collected Form 60.

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6 Replies

Kuldipsinh Jadeja (Job) (357 Points)
Replied 03 December 2016

Form 60 is required to be retained for 6 years from the end of the financial year in which transaction took place & Form 61 is required to be furnished electronically by 31st October for the half year ending on 30th September & by 30th April for half year ending on 31st March.

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Kuldipsinh Jadeja (Job) (357 Points)
Replied 03 December 2016

Form 61 is a statement giving details of all Form 60 obtained in the half year.

Tara Khandelwal (Student CA Final ) (298 Points)
Replied 03 December 2016

Thanks..May I know what is the procedure to file form 61 and what happens if we file form 61 lately because we havent filed form 61 yet for the current half year

Kuldipsinh Jadeja (Job) (357 Points)
Replied 03 December 2016

Please refer Rule 114B, 114C & 114D of Income Tax Rules :

https://www.incometaxindia.gov.in/pages/rules/income-tax-rules-1962.aspx

and act according to the provisions applicable to you.

Kuldipsinh Jadeja (Job) (357 Points)
Replied 03 December 2016

Please find the attached file for details on registration & procedure to upload Form 61 at incometax efiling portal.
(File obtained from efiling portal. I do not own any rights)

Attached File : 799133 20161203233126 registration upload form61form61b form15cc.pdf downloaded: 171 times