MOHIT (XYZ) (67 Points)
06 July 2009Hi All,
As there was a press release on 30.06.2009 from Income Tax Dept. stipulating for New TDS Procedure to be kept on hold, I just wanted to confirm as I understand, that till the time a new announcement comes, TDS for FY 2009-10 & moreover June 09 onwards is to be paid thru Old Challan 281 & return be filled quarterly as eariler in Form 26Q, 247, 27Q.
Please confirm, send pm.
Thanks
Mohit
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 06 July 2009
Yes Mohit, it's true.
The press release is following:
No.402/92/2006-MC (14 of 2009)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated 30th June 2009
PRESS RELEASE
The Central Board of Direct Taxes have further decided that the Notification No.
31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the
Income Tax Rules, 1962 shall be kept in abeyance for the time being.
Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or
any other earlier AY, may continue to file their returns without mentioning the Unique
Transaction Number (UTN) as required under the said Notification. The filing of such
returns shall be treated as valid and in compliance to the requirements under section 139
of the Income Tax Act, 1961.
Further, the date from which the Notification No. 31 / 2009 shall become
applicable on tax deducted at source (TDS) or tax collected at source (TCS) and
deposited during the current financial year shall be notified by the Central Board of
Direct Taxes subsequently.
All deductors / collectors of TDS / TCS may continue to deposit their TDS / TCS
and file their quarterly TDS / TCS returns as per procedure existing prior to issuance of
Notification No.31 / 2009 dated 25.3.2009.
XXX
Sanjay Roy
(Self Employed )
(30 Points)
Replied 06 July 2009
Prabeer is correct. As the press release on Dtd. 30.06.09, we can continue to deposit our TDS in Challan 281 & can submit our quarterly retunr in 24Q,26Q etc.
CAclubindia
