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 15th june, 15th September, 15th December, & 15th march on the quarterly basis for in the case of Salary deduction. & for remaining 3 types of deduction the due dates will be 15th july, 15th October, 15th January, & 15th April.
Payment has to be made monthly for Section other than mentioned above.