TaxTMI 
TaxTMI 
Income-tax (19th Amendment) Rules, 2022 - Payment on transfer of virtual digital asset - Amends various rules i.e. Due Date of payment of TDS (Rule 30) - Certificate of TDS (Rule 31) - Quarterly statement / Return of TDS (Rule 31A) - New Forms
X X X X Extracts X X X X
X X X X Extracts X X X X
....the 1st July, 2022-- (i) after sub-rule (2C), the following sub-rule shall be inserted, namely:-- "(2D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194S by a specified person referred to in that section shall be paid to the credit of the Central Government within a period of thirty 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. 26QE."; (ii) after sub-rule (6C), the following sub-rule shall be inserted, namely:-- "(6D) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QE, 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 (2D) into the Reserve Bank of India or the State Bank of India or any authorised bank."; (b) in rule 31, after sub-rule (3C), the following sub-rule shall be inserted with effect from the 1st July, 2022, namely:- "(3D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3), every person, being a specified per....
X X X X Extracts X X X X
X X X X Extracts X X X X
....bsp;Number of the Deductee Financial Year of deduction Summary of Transaction(s) S. No. Unique Acknowledgement Number Amount paid/credited Date of payment/credited (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. Total (Rs.) 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 Gove....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... / payee Name of the deduct ee/ payee Section code (See Note 17) Date of payment or credit (dd/m m/ yyyy) Amount paidor credited Amount of cash withdrawal in excess of Rs. 1 crore as referred to in section 194N (in cases not covered by the first proviso to section 194N) Amount of cash withdrawal which is in excess of Rs. 20 lakh but does not exceed Rs 1 crore for cases covered by sub-clause (a) of clause (ii)of first proviso to section 194N Amount of cash withdrawal in excess of Rs. 1 crore for cases covered by sub- clause (b) of clause (ii) of first proviso to section 194N Total tax deducte d Total tax deposit ed Date of deduction (dd/mm/ yyyy) Rate at which deducted [412] [413] [414] [415] [416] [417] [418] [419] [419A] [419B] [419C] [420] [421] [422] [423] 1 2 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Verification I, ........................................................................... , hereby certify that all the particulars furnished above are correct and complete. Place: ....................... &nb....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Write "S" if no deduction is in view of the provisions of sub -section (5) of section 194Q. 15. Write "^1[U]" if the deduction is on higher rate in view of section 206AB for non -filing of return of income. 16. List of section codes is as under: Section Nature of Payment Section Code 192A Payment of accumulated balance due to an employee 192A 193 Interest on securities 193 194 dividend 194 194A Interest other than interest on securities 94A 194B Winnings from lotteries and crossword puzzles 94B Proviso to section 194B Winnings from lotteries and crossword puzzles where consideration is made in kind or cash is not sufficient to meet the tax liability and tax has been paid before such winnings are released 94B-P 194BB Winnings from horse race 4BB 194C Payment of contractors and sub-contractors 94C 194D Insurance Commission 94D 194DA Payment in respect of life insurance policy 4DA 194EE Payments in respect of deposits under National Savings Schemes 4EE 194F Payments on account of repurchase of Units by Mutual Funds or UTIs 94F 194G Commission, pr....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rdinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969 (E), dated the 26th March, 1962 and was last amended vide notification number G.S.R. 458(E) dated 17.06.2022. ************* NOTES:- 1. Corrected vide NOTIFICATION NO. 84/2022 dated 19-07-2022 before it was read as, "T" ============= Document 1 [à¤à¤¾à¤— II—–खणà¥à¤¡ 3 ( i ) ] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 17 194EE Payments in respect of deposits under National Savings Schemes 4EE 194F Payments on account of repurchase of Units by Mutual Funds or UTIS 94F 194G Commission, prize etc., on sale of lottery tickets 94G 194H Commission or Brokerage 94H 194-I(a) Rent 4-IA 194-I (b) Rent 4-IB 194J(a) Fees for Technical Services (not being professional service), royalty for sale, distribution or exhibition of cinematographic films and call center (@2%) 94J-A 194J(b) 194K Fee for professional service or royalty etc. (@10%) 94J-B Income in respect o....
X X X X Extracts X X X X
X X X X Extracts X X X X
....f Transferor/Payee/Seller Category of Permanent Account Number* Status of PAN* Full Name of Transferor/Payee/Seller Complete Address of Transferor/Payee/Seller PIN Mobile No. Email ID Whether more than one Transferor/Payee/Seller (Yes/No) Complete Address of Property transferred 18 THE GAZETTE OF INDIA: EXTRAORDINARY Date of agreement/ booking** Total Value of Consideration (amount in Rs.) Whether TDS is deducted at Higher rate as per section 206AB (Yes/No)*** PIN Payment in installment or lump- sum [PART II SEC. 3(i)] Whether it is last instalment? Yes Total amount paid/ Amount credited in previous paid/ installments, if any (in Rs.) (A) credited currently No Total Stamp duty value of the Property (in Rs.) C Amount on which TDS to be deducted Date of payment/ credit** Rate at which deducted Amount of tax deducted at Date of Deduction** (D) (B) (see note 1) (see note 2) source (see note 3) Whether stamp duty value is higher than sale consideration Date of Yes No Mode of payment Simultaneous....
X X X X Extracts X X X X
X X X X Extracts X X X X
....¬â–¬â–¬PIN Period of Tenancy*** Total Value of Rent Paid (Amountin Rs.) Whether TDS is deducted at Higher rate as per section 206AB (Yes/No)**** Value of Rent Paid in Last Month (Amountin Rs.) Date of Amount Paid/Credited (in Rs.) payment/credit ** Rate at which deducted (see note 1) Amount of tax deducted at source Date of Deposit** Details of Payment of Tax Deducted at Source (Amount in Rs.) Mode of payment TDS (Income Tax) (Credit of tax to the deductee shall be given for this amount) Interest Fee Total payment Total Payment in words (in Rs.) Crores Date of Deduction** Simultaneous e-tax payment e-tax payment on subsequent date Lakh Thousands Hundreds Ten Units 19 7. *To be updated automatically **In dd/mm/yyyy format. ***Against period of tenancy, the number of months the property is rented for the financial year may be mentioned. ****From 1st April, 2022, provisions of section 206AB are not applicable in case of deduction under section 194-IB. Note: Tax to be deducted at higher rates in case provisions of section 206AB is applicable. ****â....
X X X X Extracts X X X X
X X X X Extracts X X X X
...., rule 30 (2D) and (6D) and rule 31A(4) and (4D)] Challan-cum-statement of deduction of tax under section 194S by specified persons Financial Year Major Head Code* Permanent Account Number or Aadhaar Number of deductee Category of Permanent Account Number* Full Name of deductee Complete Address of deductee â˜â˜â˜ Minor Head Code* Status of PAN* PIN Mobile No. Email ID Permanent Account Number or Aadhaar Number of deductor Category of Permanent Account Number* Status of PAN* Full Name of deductor [à¤à¤¾à¤— II—–खणà¥à¤¡ 3 ( i ) ] Complete Address of deductor à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण PIN Mobile No. Email ID Date of transfer of Virtual digital asset Total Value of Consideration (amount in Rs.) Whether payment made in kind or in exchange of another VDA (VDA) If yes, then provide Amount of tax paid (in Challan identification number BSR code of bank branch Date on which tax deposited Rs.) Amount paid/credited either ....