Important Amendment

arvind (article assistant) (82 Points)

04 April 2009  

E Payment of TDS-TCS mandatory for all from 01.04.2009

Income Tax Department has amended the rules relating the Payment of TDS /TCS and now it is mandatory for all to deposit such taxes through E-payment only from 01.04.2009 onwards

Further challan to deposit the TDS /TCS has also been changed .Now TDS/TCS is required to be deposited on Challan number 17 (new) through online mode only.

The most important amendment in challan form is that now with each challan; deductor has to give deductee detail also.

If there are more than 10 deductee in the a single challan then he has to upload a file for deductee detail .This is uphill task for every body and can not be managed without a integrated software