TMI BlogSimplification of Procedure for deposit of tax and furnishing of information relating to Tax Deducted at Source (TDS) under section 194-IA (Payment on transfer of certain immovable property other than rural agricultural land) and revision of Form No.24Q.X X X X Extracts X X X X X X X X Extracts X X X X ..... Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 , namely:- 1. (1) These rules may be called the Income-tax (Fifth Amendment) Rules, 2013. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 , (hereinafter referred to as the said rules) in rule 30 , (a) after sub-rule (2), the following sub-rule shall be inserted, namely:- (2A) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period of seven days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax (System) or the person authorised by him. ; (b) after sub-rule (6), the following sub-rule shall be inserted, namely:- (6A) The Director General of Income-tax (Systems) shall specify the procedure, formats and standards for the purposes of generation and download of certificates and shall be responsible for the day-to-day administration in relation to the generation and download of certificates from the web portal specified by him or the person authorised by him. ; 4. In rule 31A of the said rules, after sub-rule (4), the following sub-rule shall be inserted, namely:- (4A) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3) or sub rule (4), every person responsible for deduction of tax under se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Amount of tax deposited in respect of deductee (Rs.) Challan Identification number (CIN) BSR Code of the Bank Branch Date on which tax deposited (dd/mm/yyyy) Challan Serial Number 1. 2. Verification I, .., son/daughter of . in the capacity of . (designation) do hereby certify that a sum of (Rs.) .. [Rs. .(in words)] has been deducted and deposited to the credit of the Central Government. I further certify that the information given above is true, complete and correct and is based on the books of account, documents, challan-cum-statement of deductio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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