TMI BlogIncome-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 FormsX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 the credit of the Central Government by remitting it electronically within the time specified in sub-rule (2D) into the Reserve Bank of India or the State Bank of India or any authorised bank. ; (b) in rule 31 , after sub-rule (3C), the following sub-rule shall be inserted with effect from the 1st July, 2022, namely: (3D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3), every person, being a specified person referred to in section 194S and responsible ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Number or Aadhaar Number of the Deductor Permanent Account Number or Aadhaar Number of the Deductee Financial Year of deduction Summary of Transaction(s) S. No. Unique Acknowledgement Number Amount paid/credited Date of payment/credited (dd/mm/yyyy) Amount of tax deducted and deposited in respect of the deductee Total (Rs.) DETAILS OF TAX DEPOSITED TO THE CREDIT OF THE CENTRAL GOVERNMENT FOR WHICH CREDIT IS TO BE GIVEN TO THE DEDUCTEE S. No. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Challan Serial Number / DDO Serial No. of Form No. 24G Amount as per Challan Total tax to be allocated among deductees/payees as in the vertical total of Col. 421 Total interest to be allocated among the deductees/payees mentioned below Name of the Deductor/Payer TAN Sl. No. Deductee /payee referen ce numbe r provide d by the deduct or/ payer, if availab le Deduct ee/ payee code (01- Comp any 02- Other than company) PAN of the deductee / payee Name of the deduct ee/ payee Section code (See Note 17) Date of payment or credit (dd/m m/ yyyy) Amount paidor credited Amount of cash withdrawal in excess of Rs. 1 crore as referred to in section 194N (in cases not covered by the first proviso to section 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 payment Challan serial number Amount of tax deposited BSR Code of bank Date of payment Challan serial number Amount of tax deposited BSR Code of bank Date of payment Challan serial number [424] [425] [426A] [426B] [426C] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ned in sub-section (1F) of section 197A. 3. Write C if deduction is on higher rate under section 206AA on account of non-furnishing of PAN. 4. Write D if no deduction or lower deduction is on account of payment made to a person 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 section 197A(1F). 9. Write M if no deduction or lower deduction is on account of notification issued under second proviso to section 194N. 10. Write N if no deduction or lower deduction is on account of payment made to a person referred to in the t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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) Fee for professional service or royalty etc. (@10%) 94J-B 194K Income in respect of units 94K 194LA Payment of Compensation on acquisition of certain immovable property 4LA 194LBA(a) Certain income in the form of interest from units of a business trust to a resident unit holder 4BA1 194LBA(b) Certain income in the form of dividend from units of a business trust to a resident unit holder 4BA2 194LB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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