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<h1>Ensure Compliance with Section 194C TDS Rules; Submit Quarterly Statements per Rule 37-(2C); Avoid Penalties and Follow ITO Guidance.</h1> The circular emphasizes the importance of compliance with Section 194C of the Income Tax Act, 1961, regarding tax deduction at source (TDS) for payments to contractors. It highlights deviations in practice from the prescribed procedure of submitting quarterly statements as per Rule 37-(2C) and stresses the responsibility of the Income Tax Officer (ITO) to ensure compliance and penalize defaults. It advises that branches responsible for TDS can use challans from local ITOs, indicating the Permanent Account Number (PAN) and the assessing ITO's designation. Any conflicting instructions from Commissioners should be withdrawn or modified.