Procedure for filling Form 17

Changes in Challan Payment

 

1. Return of Challan Format:

a.      New Return of TDS Challan, Form 17 is introduced.

b.      Form No. 17 is section Independent. Deductor has to file Form 17 electronically for every challan deposited by him.

c.     This Form is applicable from the F.Y. 2009-10

d.     This Form require following information:

        1. PAN & TAN of the deductor.

        2. Name, Address & Telephone No. of deductor.

        3. Financial Year for which the payamnt made

        4. Detail of Challan deposited i.e. BSR Code, Date of Deposit, S.No., Transaction Ref. No.

        5. Detail of Payament of TDS. This additionally Contains, information of the Account No. from which the payment has been made [or Card No] of the Deductor.

e.     Detail of Deductees also to be file in this Form, this require following information

        1. UTN (It will be provided by the IT department)

        2. PAN of the Deductee

        3. PAN Validation Detail (It will also be provided by the IT department)

        4. Name of the deductee

        5. Total amount of TDS Paid

        Total amount of TDS of the all deductee should be matched with the total amount deposited. 

f. The Deductee records under that challan have to be entered online [if less than 10] or have to be uploaded through a file.

 

g. after successful upload made, an acknowledgement would be generated in Form 17 format, which validates [Yes/No] for each PAN of the deductee and generates a Unique Transaction Number [UTN] .

2.       Payment:

a.  Electronic Payment [e-Payment] of TDS made mandatory to all. No TDS/TCS Payments would be accepted directly at Bank Branches.

b.   Credit Card/Debit Card acceptance is likely to happen.

c.    The old system of e-Payment may remain for challan payments of earlier years.

4.       Due Date:

a.       Challan Payment Due dates remain almost the same.

b.      Joint Commissioner, on prior request through AO, can approve for Quarterly payment of TDS under certain sections. The Sections are

        1. 192 Salary                              2. Interest 194A 

3. Insurance Commission 194D      4. Commission 194H

        Last date of payment in these cases will the 15^th june, 15^th September, 15^th December, & 15^th march on the quarterly basis for in the case of Salary deduction. & for remaining 3 types of deduction the due dates will be 15^th july, 15^th October, 15^th January, & 15^th April.

         

        Payment has to be made monthly for Section other than mentioned above.

 

the point no.b.4 seems to be confused. we will get the Detail of Challan deposited i.e. BSR Code, Date of Deposit, S.No., Transaction Ref. No.etc, only after depositing the TDS (vide challan 281 previously.) If new challan form No.17 itself is a challan designed for monthly remittance of TDS, from where we will get the tds deposit detail? Further, it was mentioned that form 17 is areturn for every challan deposited, please clarify what is the challn number through the TDS to be deposited. (If you feel that form-17 is not a challan. and challn ITNS-281 is not to be used.

Hi Ammu,

Actually, date of implementation of Form-17 is postpone till 1st July'09 although the details of Challan deposite i.e., BSR Code etc, its automatically generated by IT Dept.

 

hiiiiiiiiiiiiiiiiiii ,

I am sonam patil efiling the form 2 &   3 for the  increasing authorised capital .But there was errror .there ereor is furnish the copy of contract , valuation report,balance sheet abstract and pay stamp duty.

What is the copy of contract? & how to write copy of contract?

Plz send me that solution as earlier as possible.

Thanking You