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New Form 17

deepak K Gujrati (CA-practice) (966 Points)

04 April 2009

What about Banks. Branches are not having PAN for all their Deposit Holders. The Numbers are in thousands. Then how to deposit tax. Is their any exemption or they will just not depost till they receive 100% PAN.

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11 Replies

hariharan (Head - Finance) (26 Points)
Replied 04 April 2009

Suppose the jobwork bill dated 31.03.2009 recd during may09 and the same has been accounted in the assessee book as on 31.03.2009. The relevant TDS payment is going tobe made during may2009, whether form281 has to be used or form17 has to be used

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Bhavesh Gohel (Practicing Advocate (Accounts & Taxation)) (51 Points)
Replied 05 April 2009

dear sir,

please know me about form 17. this for is replace to form 281

deepak K Gujrati (CA-practice) (966 Points)
Replied 05 April 2009

Form 17 requires details of Deductees and their PAN. Again TDS is to be deposited online mode. This is not possible in Challan 281.

N GANESHAN. (CA FINAL STUDENT - PRACTITIONER) (921 Points)
Replied 07 April 2009

WHO CAN BEAR THE ONLINE, E FILING, ETC ETC COST FOR THIS TDS. FOR A THIN MARGIN NO. OF TRADERS ARE DOING BUSINESS. AND WHO SHALL PAY TO A PRACTITING CA FOR ALL THESE WORKS WITH SERVICE TAX... IS IT FOOLISH??????

pallav (still a learner....) (938 Points)
Replied 23 April 2009

is form 17 is mandatory?

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Bhavesh Gohel (Practicing Advocate (Accounts & Taxation)) (51 Points)
Replied 24 April 2009

dear sir,

i want to know about form 17. which purposer it can use ?

Rupesh Jha (M.Com CA PhD* and MBA*) (1116 Points)
Replied 24 April 2009

HI, PALLAV FORM NO. 17 IS MANDATORY FOR ALL (I.E.INDIVIDUAL,HUF,FIRM,COMPANY) FOR E PAYMENT OF TDS,APPLICBLE FROM 1ST APRIL'09.

Rupesh Jha (M.Com CA PhD* and MBA*) (1116 Points)
Replied 24 April 2009

HI BHAVESH, FIND THE ATTECHED FILE FOR YOUR CLEARIFICATION ABOUT FORM.17

Attached File : 44 tds notifiacation(31-03-09).pdf downloaded: 200 times

CA Akhilesh Mundra (Chartered Accountant) (76 Points)
Replied 03 May 2009

Dear All,

As I got understood the notification the same is as under:

1. The payment of TDS is made in OLD Challan form 281.

2. After such payment we are required to file form No. 17 in my view the same if return for challan form.

3. After submitting the same & getting the UTN we are required to file form No. 24C within the due date.

4. At the end of the year we have to file form no. 24Q/26Q/27EQ upto 15 June for all the four quarters.

So, the payment can be made online by using the link providing of the web www.tin-nsdl.com. I think there is no problem in payment, the same is in filing of Form 17 after making a payment