TDS RETURNS UNDER DIGITAL SIGNATURE OPTIONAL- NEW FORMS RULE TO CLAIM REFUNDS

Notification No.:11/2013

Date: 19^th February, 2013

Certain changes with regard to the compliance to be made in respect of TDS and TCS, has been made vide CBDT notification No. 11/2013 dated 19.02.2012. A summary of the same is as follows:-

1.   All statements to be furnished in Form nos. 24Q, 27Q and 26Q shall be furnished electronically with option to furnish it under a digital signature;

2.   Deductor can file statement in the new Form 26B to claim refund of the sum paid to the Central Government under Chapter XVII-B, provided:

a)   The credit of such sum has not been claimed by the deductor;

b)   No demand is outstanding against deductor.

    3.      Following forms have been substituted with new forms :

Ø  Form 15G – Declaration to be given for claiming certain receipts without TDS

Ø  Form 15H – Declaration to be given by an Individual, who is above 60 years of age, for claiming certain receipts without TDS

Ø  Form 16 – Certificate of tax deduction from salary

Ø  Form 16A – Certificate for tax deduction from any other payment

Ø  Form 27C – Declaration to be given for obtaining goods without collection of tax

Ø  Form 27D – Certificate for tax collected at source

Ø  Form 27EQ – Quarterly statement for tax collected at source

Ø  Form 27Q – Quarterly statement for tax deducted at source

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, 

Delhi-110001

Mobile No. +91-9873082769
Website: www.caaga.co.in