Quaterly payment of TDS under Rule 30(3) of the Income Tax Rule

[SUDHIR DWIVEDI]

As per Rule 30(3) of the Income-tax Rules, 1962 - Notwithstanding anything contained in sub-rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year.

In this regards kindly explain the Special Cases in which assessee may approach the assessing officer and what is the process to avail benifit of this rule.

Thanking You.

[CABIJENDERKUMAR BANSAL]

Hi

In my personal opinion, COVID-19 cannot be said to be a special case for the matter under consideration since this is being faced by all assessee all over India. And whatever relief is to be given, are being given by central govt. to all taxpayers.

Regards

AI Summary

Quarterly TDS payment relief permitting AO with Joint Commissioner approval in special cases; general pandemic relief may not qualify. Under Rule 30(3) the Assessing Officer, with prior Joint Commissioner approval, may permit quarterly payment of TDS in specified categories (salary, interest and other specified payments, insurance commissions, and commission or brokerage) in special cases; an applicant must seek prior discretionary permission from the Assessing Officer, and a generalized event affecting all taxpayers (such as the pandemic) was advised by a respondent not to qualify as a special case, since widespread reliefs are typically provided by central government measures rather than individualized AO permissions.