Time and Mode of Payment of TDS to Government Account

 

Table of Contents

·         (A) Time of TDS Payment

o    (i) Tax Deducted by an office of the Government:

o    (ii) In any other case,

o    (iii)  Special cases where payment can be deposited quarterly

·         (B) Mode of TDS Payment

o    1. Where office of the Government makes the payment without production of challan

§  (1) [Rule 30(4)]- In case of an office of the Government where lax has been paid to the credit of the central Government without the production of a challan i.e. through book entry

§  (2) [Rule 30(4A)]- Time limit for furnishing the statement in Form No. 24G

§  (3) [Rule 30(48)]- Manner of furnishing the statement in Form No. 24G

§  (4) [Rule 30(4C)]- Book Identification Number to be intimated to each of the deductors

§  (5) [Rule 30(5)]- Principal Director General of Income-tax (Systems) to specify the procedure, formats. etc. of furnishing and verification of the statements

o    2. Where tax is to be deposited accompanied by an income-tax challan No. ITNS 281

o    3. Where tax is to be deposited electronically by person referred to in Rule 125(1)

o    4. [Rule 30(2A) & (6A)]- Time and mode of payment of tax deducted under section 194-IA

o    5. [Rule 30(28) and (6B)]- Time and mode of payment of tax deducted under section 194-IB

o    6. [Rule 31(2C) & (6C)]- Time and mode of payment of tax deducted under section 194M

§  [Rule 31(3C)]- Form, time limit and procedure for issue of TDS certificate of deduction of tax under section 1941

 


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