Income Tax :- Due date for deposit of TDS for quarter ending 31.03.2014

Friends, 

 “Time and mode of payment to Government account of tax deducted at source or tax 
paid under sub­section (1A) of section 192.  
          
 
(1) All sums deducted in accordance with the provisions of Chapter XVII‐B by an office of  the Government shall be paid to the credit of the Central Government ‐ 

(a)  on  the  same  day  where  the  tax  is  paid  without  production  of  an income‐tax  challan; and 
(b) on or before seven days  from the end of the month in which the deduction is  made or income‐tax is due under sub‐section (1A) of section 192, where tax is  paid accompanied by an income‐tax challan.   
 
(2)  All sums deducted in accordance with  the provisions of Chapter XVII‐B by deductors  other  than  an  office  of  the  Government  shall  be  paid  to  the  credit  of  the  Central  Government ‐ 

(a)  on or before 30th day of April where the income or amount is credited or paid  in the month of March; and 
(b)  in any other case, on or before seven days from the end of the month in which‐  
    (i)  the deduction is made; or  
    (ii)  income‐tax is due under sub‐section (1A) of section 192. 
 
(3)    Notwithstanding  anything  contained  in  sub‐rule  (2),  in  special  cases,  the  Assessing  Officer  may,  with  the  prior  approval  of  the  Joint  Commissioner,  permit  quarterly payment  of  the  tax  deducted  under  section  192  or  section  194A  or  section  194D  or  section  194H  for  the  quarters  of  the  financial  year  specified  to in  column  (2)  of  the  Table below by the date referred to in column (3) of the said Table:‐ 

B.­ Mode of payment 
 
(4) In the case of an office of the Government, where tax has been paid to the credit of  the Central Government without the production of a challan, the Pay and Accounts  Officer  or  the  Treasury Officer  or  the  Cheque Drawing and Disbursing Officer  or  any other person by whatever name called to whom the deductor reports the tax  so  deducted  and  who  is  responsible  for  crediting  such  sum  to  the  credit  of  the  Central Government, shall‐ 
(a)  submit a statement in Form No. 24G within  ten days  from  the end of  the  month  to  the  agency  authorised  by  the  Director  General  of  Income‐tax  (Systems) in respect of tax deducted by the deductors and reported to him  for that month; and 
(b)  intimate  the  number  (hereinafter  referred  to  as  the  Book  Identification  Number) generated  by  the agency  to each  of  the  deductors in  respect  of  whom the sum deducted has been credited.  
 
(5) For the purpose of sub‐rule (4), the Director General of Income‐tax (Systems) shall  specify  the  procedures,  formats  and  standards  for  ensuring  secure  capture  and  transmission  of  data,  and  shall  also  be  responsible  for  the  day‐to‐day  administration in relation to furnishing the information in the manner so specified. 
 
(6)  (i)  Where  tax  has  been  deposited  accompanied  by  an  income‐tax  challan,  the  amount  of  tax  so  deducted  or  collected  shall  be  deposited  to  the  credit  of  the  Central  Government  by  remitting  it  within  the  time  specified  in  clause  (b)  of  sub‐rule (1) or in sub‐rule (2) or in sub‐rule (3) into any branch of the Reserve  Bank of India or of the State Bank of India or of any authorised bank; 
(ii) Where tax is to be deposited in accordance with clause (i), by persons referred  to  in  sub‐rule  (1)  of  rule  125,  the  amount  deducted  shall  be  electronically  remitted  into  the  Reserve  Bank  of  India  or  the  State  Bank  of  India  or  any  authorised bank accompanied by an electronic income‐tax challan.  
   
(7)  For  the  purpose  of  this  rule,  the  amount  shall  be  construed  as  electronically  remitted  to  the  Reserve  Bank  of  India  or  to  the  State  Bank  of  India  or  to  any  authorised bank, if the amount is remitted by way of‐ 
(a)  internet banking facility of the Reserve Bank of India or of the State  Bank of India or of any authorised bank; or 
(b)   debit card. 
 
(8) Where tax is deducted before the 1st day of April, 2010, the provisions of this  rule shall apply as they stood immediately before their substitution by the  Income‐tax (      Amendment) Rules, 2010. 

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