4.Time and mode of payment of TDS and TCS to Government account – Amendments in Rule 30, 31 & 37A [Notification No.30/2016 dated 29.4.2016]

(i) Increase in time limit for payment of TDS under section 194-IA to Government Account [Rule 30(2A)]:

Rule 30(2A) has been amended to increase the time limit for payment of tax deduction under section 194-IA to Government account from 7 days to 30 days from the end of the month in which deduction is made.

(ii) Common due date for filing of statement of TDS under section 200(3) in case of Government deductors and other deductors [Rule 31A(2)]:

Rule 31A requires every person responsible for deduction of tax under Chapter XVII-B to deliver, or cause to be delivered, quarterly statements to the Director General of Income-tax (Systems) or the person authorised by him within the due date for each quarter specified in Rule 31A(2). Rule 31A(2) prescribed differential due dates for Government deductors and other deductors. In order to ensure equity and give more time for other deductors, common due dates are now prescribed thereunder for Government deductors and other deductors. Accordingly, quarterly statements of TDS have to be furnished by the due dates specified in column (3) against the corresponding quarter –

Sl.No.	Date of ending of the quarter of the financial year	Due date
1.	30th June	31st July of the financial year
2.	30th September	31st October of the financial year
3.	31st December	31st January of the financial year
4.	31st March	31st May of the financial year immediately following the financial year in which the deduction is made.

 

(iii) Mode of payment in the case of an office of the Government, where tax has been paid to the credit of the Central Government without production of a challan [Rules 30 & 37C]:

Rule 30(4) and 37CA(3) have been amended to remove the time limit of 10 days specified thereunder for submission of Form No.24G in respect of tax deducted/collected by deductors/collectors (in the case of an office of the Government, where tax has been paid to the credit of the Central Government without the production of a challan) and reported to the agency authorised by the Director General of Income-tax (Systems). In effect, in the case of an office of the Government, where tax has been paid to the credit of the Central Government, without production of challan, Rule 30(4) and 37CA(3) now simply require submission of statement in Form 24G to the agency authorised by the Principal Director General of Income-tax (Systems) in respect of tax deducted/collected by the deductors / collectors and reported to him

Time limit for submission of statement in Form 24G in such cases [New subrule (4A) of Rule 30 & Sub-rule (3A) of Rule 37CA]:

	Month to which the statement relates	Time limit
(i)	In a case where the statement relates to the month of March	On or before 30th April
(ii)	In any other case	On or before 15 days from the end of the relevant month

 

Manner of submission of statement in Form 24G [New sub-rule (4B) of Rule 30 & sub-rule (3B) of Rule 37CA]:

(i) Electronically under digital signature; or

(ii) Electronically along with the verification of the statement in Form 27A or verified though an electronic process in accordance with the procedures, formats and standards specified under Rule 30(5) .

Intimation of book identification number to deductors [New sub-rule (4C) of Rule 30]:

The Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person by whatever name called to whom the deductor reports the tax so deducted has to intimate the book identification number generated by the agency to each of the deductors in respect of whom the sum deducted has been credited.

Specification of procedures, formats and standards for the purpose of furnishing and verification of the statements [New sub-rule (5) of Rule 30 & sub-rule (4) of Rule 37CA]:

The procedures, formats and standards shall be specified by the Principal Director General of Income-tax (Systems) for the purposes of furnishing and verification of the statements. He shall also be responsible for the day-to-day administration in relation to the furnishing of the information and verification of the statements.