Form - Payment of tds

[Guest]

Can you please enlighten the payment of TDS of April`09.What form we have to use, Form 17 or Form 281.If Form 17. please explain the procedure.

[Surender Gupta]

A challan in Form No. 17 is required to be submitted on or before the due date of making deposit of TDS/TCS. The major difference between the old challan form ITNS -281 and new form 17 is that now deductor will submit break-up of TDS / TCS for each deductee / collectee. In the challan form the PAN and Name of the deductee / collectee is required to be filled. Now, the system would verify the PAN number and name of the deductee with the records in the system. If the particulars provided in Challan 17 of the deductee (PAN and Name) differs from the particulars available in the departmental records (system), the same would be rejected. In that case, challan would be uploaded after making correction in the particulars as per Income Tax Records after getting confirmation from the deductee / collectee. “Unique Transaction Number” (UTN) is not required to be filled. UTN will be generated by the system after successful loading of challan form 17. System would generate unique UTN for each deductee / collectee.

[Guest]

what is the procedure to register form 17, ETDS payment?

AI Summary

TDS payment compliance requires Form 17 with per deductee PAN and name; system verifies details and issues UTN. Submission of a challan in Form 17 is required on or before the TDS/TCS deposit due date, with a break up for each deductee/collectee including PAN and name. The system will verify PAN/name against departmental records and reject uploads with mismatches; the deductor must confirm particulars with the deductee/collectee, correct them to match Income Tax records, and re upload. A Unique Transaction Number (UTN) is generated automatically by the system after successful challan loading and need not be filled by the deductor.