Tax Management India. Com
                        Law and Practice: A Digital eBook ...

☞ Data-bank

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News D. Forum
Highlights
What's New

Share:   Share on facebook   Share on twitter   Share on linkedin

        Home        
 
Blank

Home Notifications 2022 Income Tax Income Tax - 2022 Section 295 This

  • Login
  • Plus+

Latest - TMI e-Newsletter

Forget password       New User/ Regiser



 

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 - 67/2022 - Income Tax

Extract

..... (a) in rule 30, with effect from 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 .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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 - 67/2022 - Income Tax

X X   X X   Extracts   X X   X X

..... llan serial number.” (ii) after sub-rule (4C), the following sub-rule shall be inserted, namely,- “(4D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3) of sub-rule (4), every specified person referred to in section 194S and responsible for deduction of tax under that section shall furnish to the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) or the person authorised by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), a challan-cum-statement in Form No. 26QE electronically in accordance with the procedures, formats and standards specified under sub-rule (5) within thirty days from the end of th .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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 - 67/2022 - Income Tax

X X   X X   Extracts   X X   X X

..... d on the books of account, documents, challan-cum-statement of deduction of tax, TDS deposited and other available records. Place (Signature of person responsible for deduction of tax) Date Full name: ”. 4. In the principal rules, in Appendix II, in form 26Q, with effect from the 1st day of July, 2022 - (a) for the brackets, words, figures and letters “[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O, 194P, 194Q, 197A, 206AA, 206AB and rule 31A]”, the following brackets, words, figures and letters, shall be substituted, namely:- “[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194 .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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 - 67/2022 - Income Tax

X X   X X   Extracts   X X   X X

..... f 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 3 Total Reason for non- deduction / lower deduction/ Higher Deduction/ Threshold/ Transporter etc. (See notes 1 to 16) Number of the certificate under section 197issued by the Assessing Officer for non- deduction / lower deduction If section code 94B-P is selected, then provide If section code 94R-P is selected, then provide If section code 94S-P is selected, then provide Amount of tax deposited BSR Code of bank Date of payme .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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 - 67/2022 - Income Tax

X X   X X   Extracts   X X   X X

..... rson or class of person on account of notification issued under sub-section (5) of section 194A. 5. Write “E” if no deduction is on account of payment being made to a person referred to in Board Circular No. 3 of 2002 dated 28th June 2002 or Board Circular No. 11 of 2002 dated 22nd November 2002 or Board Circular No. 18/2017 dated 29th May 2017. 6. Write “Y” if no deduction is on account of payment below threshold limit specified in the Income-tax Act, 1961. 7. Write “T” if no deduction is on account of deductee or payee being transporter. PAN of deductee or payee is mandatory [section 194C(6)]. 8. Write “Z” if no deduction or lower deduction is on account of payment being notified under secti .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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 - 67/2022 - Income Tax

X X   X X   Extracts   X X   X X

..... 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, 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) .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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 - 67/2022 - Income Tax

X X   X X   Extracts   X X   X X

 

 

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || RSS Blog || Site Map XML ||