Chalan Forms for payment of income-tax deducted at source from payments other than salaries--Clarification regarding the use of fourth counterfoil

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....o. 292 Dated 5/2/1981 To             All Chambers of Commerce. Sir, Subject : Chalan Forms for payment of income-tax deducted at source from payments other than salaries--Clarification regarding the use of fourth counterfoil. The persons responsible for making payments of interest on securities, dividends, interest other than....

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....an forms have now been got printed with four counterfoils. The bank receiving the payment retains the 1st and 2nd counterfoils for transmission to the Income-tax Department in the prescribed manner and returns the 3rd and the 4th counterfoils to the taxpayer. Whereas the 3rd counterfoil is to be retained by the taxpayer for his own record, the 4th counterfoil is meant to be attached by the taxpaye....

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....ar some payments of such TDS may have been made in the old chalan forms which had only 3 counterfoils. In such cases, it would not be necessary for the taxpayer to attach any counterfoil with the statement/certificate of tax deduction at source. However, as the new forms have now been printed and are in supply at all places, it is expected that all-tax deducted at source (other than TDS from salar....