TaxTMI 
TaxTMI 
TDS - The time and mode of payment to Government account of tax deducted at source
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....u/s 200 of the Income-tax Act on a person deducting tax at source in accordance with the provisions of the sections 192, 194, 194-A, 194-B, 194-D and 195 to pay within the prescribed time the sum so deducted to the credit of the Central Government. 2. The time and mode of payment to Government account of tax deducted at source is laid down under Rule 30(1) of the Income-tax Rules. Under Rule 30....
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....he income shall forth-with send a return in the prescribed from to the Income-tax Officer as modified under the Rule. Under Rule 34, the Commissioner may, in his discretion, except where deduction is made by or on behalf of the Government, waive the requirement of the monthly return under Rule 32 subject to the conditions laid down therein and such other conditions as he may prescribe. 4. Thus,....
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.... tax at source in these cases would be substantially large and the permission granted enables the employers to retain in their possession for a period of three months at a time large funds due to the Government. This is against the intention underlying the duty cast on the employer under Rule 30 (1). Such discretion to allow retention of Government Funds by the employers may also lead to other mal....
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.... instalments under the rule would be permissible. The monthly return of deduction of tax from salaries, as has already been indicated is required to be filed under Rule 32(1) and this can be waived only by the Commissioner of Income-tax under Rule 34 subject to the conditions laid down therein and any other conditions that he may prescribe. Therefore, if an employer feels that the statements requi....