TaxTMI 
TaxTMI 
Simplification of Procedure for deposit of tax and furnishing of information relating to Tax Deducted at Source (TDS) under section 194-IA (Payment on transfer of certain immovable property other than rural agricultural land) and revision of Form No.24Q.
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....ed, namely:- "(2A) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period of seven days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No.26QB."; (b) after sub-rule (6), the following sub-rule shall be inserted, namely:- "(6A) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QB, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it electronically within the time specified in sub-rule (2A) into the Reserve Bank of India or the State Bank of India or any authorised bank."; (c) after sub-rule (7), the following sub-rules shall be inserted, namely:- "(7A) The Director General of Income-tax (Systems) shall specify the procedure, formats and standards for the purposes of remitting the amount electronically to the Reserve Bank of India or the State Bank of India or any authorised bank and shall be responsible for the day-to-day administration in relation to the remitting of the amount electronica....
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....Amount Paid/Credited Date of payment/credit (dd/mm/yyyy) Amount of tax deducted and deposited in respect of the deductee Total (Rs.) DETAILS OF TAX DEPOSITED TO THE CREDIT OF THE CENTRAL GOVERNMENT FOR WHICH CREDIT IS TO BE GIVEN TO THE DEDUCTEE S. No. Amount of tax deposited in respect of deductee (Rs.) Challan Identification number (CIN) BSR Code of the Bank Branch Date on which tax deposited (dd/mm/yyyy) Challan Serial Number 1. 2. Verification I,................., son/daughter of ............. in the capacity of ....... (designation) do hereby certify that a sum of (Rs.) .............. [Rs. .............(in words)] has been deducted and deposited to the credit of the Central Government. I further certify that the information given above is true, complete and correct and is based on the books of account, documents, challan-cum-statement of deduction of tax, TDS deposited and other available records. Place (Signature of person responsible for deduction of tax) &n....
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....r) 1. (a) Tax Deduction and Collection Account Number(TAN) (d) Has the statement been filed earier for this quarter (Yes/No) (b) Permanent Account Number(PAN) [See Note 1] (e) If answer to (d) is "Yes", then Token No. of original statement (c) Financial Year (f) Type of Deductor[See Note 2] 2. Particulars of the Deductor (employer) (a) Name of the employer (b) If Central/State Government Name (See Note 3) AIN Code of PAO/TO/CDDO (c) TAN Registration No. (d) Address Flat No. Name of the premises/building Road/Street/Lane Area/Location Town/City/District State PIN Code Telephone No. Alternate telephone No. (See Note 4) Email Alternate email (See Note 4) 3. Particulars of the person responsible for deduction of tax: (a) Name (b) Address Flat No. Name of the premises/building Road/Street/Lane Area/Location Town/City/District State PIN Code Telephone No. Alternate telephone No. (See Note 4) Email Alternate email (See Note 4) Mobile No. 4. Details of tax deducted and paid to the credit of the Central Government: Sl. No. Tax Surcharge Education....
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....eductors to write "B" where TDS is remitted to the credit of Central Government through book adjustment. Other deductors to write "C". 8. Challan / Transfer Voucher (CIN / BIN) particulars , i.e. 310, 311,312 should be exactly the same as available at Tax Information Network. 9. In column 313, mention minor head as marked on the challan. ANNEXURE-I -: DEDUCTEE WISE BREAK UP OF TDS (Please use separate Annexure for each line - item in the table at Sl. No. 04 of main Form 24Q) Details of salary paid and tax deducted therefrom from the employees BSR Code of branch/ Receipt Number of Form No.24G Name of the Employer Date on which challan deposited/Transfer voucher date (dd/mm/yyyy) TAN Challan Serial Number / DDO Serial No. of Form No.24G Amount as per Challan Total TDS to be allocated among deductees as in the vertical total of col. 326 Total Interest to be allocated among deductees below Sl. No. Employee reference number provided by employer, if available PAN of the employee Name of the employee Section Code [See Note 4] Date of payment/ credit(dd/mm/yyyy) Date of deduction(dd/mm/yyyy) Amount Paid or Credited Education Cess Surcharge Total....
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....ndividual whose age is 80 years or more and "G" for others Date from amd date up to employed with current employer in the current financial year(dd/mm/yyyy) Taxable Amount on which tax is deducted by the current employer Reported taxable amount on which tax is deducted by previous employer(s) Total amount of salary (See Note 1) ( Total of columns 335 and 336) Total deduction under section 16(ii) Total deduction under section 16(iii) Income chargeable under the head "Salaries" (Column 337 minus (338 plus 339) Income (Including admissible loss from house property) under any head other than the head "Salaries" offered for TDS [section 192 (2B)] Gross total income (Total of columns 340 and 341) Aggregate amount of deductions admissible under sections 80C, 80CCC and 80CCD (Total to be limited to amount specified under section 80CCE) Amount deductible under any other provision(s) of Chapter VI-A Total amount deductible under Chapter VI-A (Total of columns 343 and 344) Total taxable income (Column 342 minus 345) Income tax on total income Surcharge Education cess Income-tax relief under section 89, when salary, etc. is paid in arrear or advance Net tax payable (Total of columns 3....
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.... the quarter ending 31st March having details for the whole financial year. Verification I, ………………………………………………………., hereby certify that all the particulars furnished above are correct and complete. Place: ………………………………………. Signature of the person responsible for deducting tax Date: ………………………………………. Name and designation of person responsible for deducting tax Notes: 1. It is mandatory for non-Government deductors to quote PAN. In case of Government deductors, "PANNOTREQD" should be mentioned. 2. email ID and mobile number of the person responsible for deduction of tax is mandatory. 3. In column 310, mention minor code as marked on the challan. *Applicable for those deductors, where remittance of TDS to the Government account is made through challan only 1. Salary includes wages, annuity, pension, gratuity [other than exempted under section 10 (10)], fe....