Time and mode of payment to Government account of tax deducted or collected at source or tax paid under section 392(2)(a) - Rule 218 (New) / Rule 30 (Old)
Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS) / Withholding Tax
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TDS/TCS payment compliance prescribes deposit deadlines, challan-cum-statement procedures, government reporting, and electronic remittance requirements for deductors. Rule 218 prescribes TDS/TCS deposit deadlines for Government and non-Government deductors and collectors. Government offices have same-day or monthly ... Summary
TDS/TCS payment compliance prescribes deposit deadlines, challan-cum-statement procedures, government reporting, and electronic remittance requirements for deductors.
Rule 218 prescribes TDS/TCS deposit deadlines for Government and non-Government deductors and collectors. Government offices have same-day or monthly payment obligations depending on challan use, while non-Government payers must deposit March tax by 30 April and other monthly tax within seven days. Specified deductions are payable within 30 days through a challan-cum-statement with Form No. 141. The rule also regulates quarterly payment permissions, Government reporting through Form No. 137, BIN and AIN requirements, authorised banking channels, and mandatory electronic remittance in prescribed cases.
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