postment of new provisions of TDS

[raji agg]

Implementation of new TDS Rules (which was to start from 01.07.2009)
has been postponed by the Income Tax Department. The copy of
notification is as under:-

NEW TDS RULES IMPLEMENTATION POSTPONED - FILE RETURN WITHOUT UTN

PRESS RELEASE NO.402/92/2006-MC (14 OF 2009), DATED 30-6-2009

The Central Board of Direct Taxes have further decided that the
Notification No. 31 of 2009 dated 25.3.2009 amending or substituting
Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept
in abeyance for the time being.

Taxpayers filing their income tax returns for assessment year (AY)
2009-10, or any other earlier AY, may continue to file their returns
without mentioning the Unique Transaction Number (UTN) as required
under the said Notification. The filing of such returns shall be
treated as valid and in compliance to the requirements under section
139 of the Income Tax Act, 1961.

Further, the date from which the Notification No. 31 / 2009 shall
become applicable on tax deducted at source (TDS) or tax collected at
source (TCS) and deposited during the current financial year shall be
notified by the Central Board of Direct Taxes subsequently.

All deductors / collectors of TDS / TCS may continue to deposit their
TDS / TCS and file their quarterly TDS / TCS returns as per procedure
existing prior to issuance of Notification No.31 / 2009 dated
25.3.2009.

[momo badr]

 
> Date: Tue, 30 Jun 2009 22:30:18 -0700
> Subject: [IndianTax] postment of new provisions of TDS
> From: raj...@gmail.com
> To: indi...@googlegroups.com