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August 2009

New Scheme of TDS/TCS procedures deferred till further notice : Press Release dated 30-6-2009.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants
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Part A : Direct taxes

  1. New Scheme of TDS/TCS procedures deferred till further notice : Press Release dated 30-6-2009.

The CBDT has kept the new procedures prescribed under Notification No. 31/2009 in abeyance till further notice. Accordingly taxpayers can continue to follow the existing procedures till further information is received from the Board. Returns can also be filed without Unique Transaction Number (UTN).

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