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April 2013

TDS related New forms and formats introduced – [Notification No.11/2013/F.No. 142/31/2012-SO (TPL)] dated 19th February 2013

By Pinky Shah, Sonalee Godbole, Chartered Accountants
Reading Time 1 mins
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CBDT has introduced Income tax(2nd Amendment) Rules, 2013 whereby amendments are made to procedural Rules pertaining to TDS as under:

• Rule 31A provides for an option of electronic filing of quarterly returns of TDS – with digital signature.

• Refund claim can be lodged by the deductor by filing Form 26B electronically with digital signature as prescribed.

• Details of TDS not deducted as per the provisions of Section 197A(1F) need to be furnished in the form.

Similar provisions are provided for rules pertaining to Tax Collection at Source u/s. 206C. Form 26A being certificate – of Accountant u/s. 201(1), Form 27BA being certificate of Accountant u/s. 206C(6A), Form 15G being declaration for no deduction of TDS by certain persons u/s. 197A(1) & 197A(1A), Form 15H being declaration for non deduction by individuals above the age of sixty years u/s. 197A(1C), Form No. 16 being TDS on Salary, Form 16A being TDS on other income, Form 24Q, Form 26Q,27Q, 27C, 27D and Form 27EQ being quarterly statement of TDS/TCS to be filed by deductors have been substituted. Further, a new Form 26B is notified for claim of refund.

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