Statement of TDS - Income Tax - 531/CBDT

INSTRUCTION NO. 531/CBDT Dated : March 24, 1973 Section(s) Referred: 194 , Rule 37(2) of IT Rule Statute: Income - Tax Act, 1961 Attention is invited to the provisions contained in Rule 37(2) of the Income-tax Rules, 1962 as per which the person making deduction of tax in accordance with Section 194 of the Income-tax Act, 1961 from dividends has to send a statement in the prescribed form, viz., form No.26, to the Income-tax Officer assessing the company. Such a statement is required to be furnished within fourteen days of the date of deduction of tax. 2. The Board desire that the above-noted provisions should be strictly enforced and no laxity should be shown in this regard. This may please be brought to the notice of all Income-tax Officers in your charge.