Amendments in Income-tax Rules relating to TDS/TCS provisions — Notifi-cation No. 31/2009, dtd. 25th March, 2009

The CBDT has notified Income-tax (8th Amendment Rules),
2009 in respect of TDS/TCS payments and compliance requirements with effect
from 1 April 2009. The highlights of these amendments are as under :

Rules in relation to TDS on salary payments :

Rule No.	Amendments effective 01 April 2009
30(1)	If the credit is on the date up to which accounts of the employer/deductor are made, then TDS to be deposited within two months from the end of the month in which amount is credited to the account of the employee/deductee. In any other case, within one week from the end of the month in which tax deducted/Income-tax due.
30(2)/(3)	Quarterly deposit of TDS on 15 June, 15 September, 15 December, 15 March, if the tax officer permits in special cases with the prior approval of the Joint Commissioner.
30(4)/(5)	E-payment of tax in Form No.17 by way of internet banking facility or use of credit/ debit card.
31(2)	a) In case of TDS on Salary payments : TDS Certificate (Form 16) to be issued within one month from the end of the financial year i.e., 30th April following the relevant financial year. b) In other cases : § If the credit is up to the date up to which the accounts of the deductor are made, TDS Certificate (Form 16A) to be issued within one week from the date on which tax deposited. § In case of a consolidated certificate/TDS under Section 194D, within one month from the end of the financial year (i.e., 30th April). § In all other cases, within one month from the end of the month in which tax deducted. c) In case of quarterly payments of TDS in special cases, within 14 days from the date of payment of Income-tax.
31(4)	The tax officer to grant credit of TDS on duplicate Form 16 /16A after obtaining an indemnity bond from the employee and get the payment certified from the prescribed person.
31A(3)	Compliance statement to be filed (Form 24C) by 15th July, 15th October, 15th January for first three quarters of the relevant financial year, respectively, and 15th June following the last quarter.
31A(4)	Quarterly statement of TDS to be filed in Form 24Q/26Q/27Q by 15th June following the financial year.

The new Rules in relation to tax collected at source :