FORM NO. 24C: Quarterly return for TDS Deduction

Form No. 24C of Income Tax Act is a statement to be filled for conformity of TDS/TCS. From 24C is used as an Quarterly return for TDS Deduction.

(1) Every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of sub-section (3) of section 200, deliver, or cause to be delivered, the following quarterly statements to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), namely:—

(a) Statement of deduction of tax under section 192 in Form No. 24Q;

(b) Statement of deduction of tax under sections 193 to 196D in—

(i) Form No. 27Q in respect of the deductee who is a non-resident not being a company or a foreign company or resident but not ordinarily resident; and

(ii) Form No. 26Q in respect of all other deductees.

(2) Statements referred to in sub-rule (1) for the quarter of the financial year ending with the date specified in column (2) of the Table below shall be furnished by—

(i) the due date specified in the corresponding entry in column (3) of the said Table, if the deductor is an office of Government; and

(ii) the due date specified in the corresponding entry in column (4) of the said Table, if the deductor is a person other than the person referred to in clause (i)

TABLE

Sl. No.

Date of ending of the quarter of the financial year

Due date

Due date

(1)

(2)

(3)

(4)

1.

30th June

31st July of the financial year

15th July of the financial year

2.

30th September

31st October of the financial year

15th October of the financial year

3.

31st December

31st January of the financial year

15th January of the financial year

4.

31st March

15th May of the financial year immediately following the financial year in which deduction is made

15th May of the financial year immediately following the financial year in which deduction is made.]

(3) (i) The statements referred to in sub-rule (1) may be furnished in any of the following manners, namely:—

(a) furnishing the statement in paper form;

(b) furnishing the statement electronically in accordance with the procedures, formats and standards specified under sub-rule (5) alongwith the verification of the statement in Form 27A.

(ii) Where,—

(a) the deductor is an office of the Government; or

(b) the deductor is the principal officer of a company; or

(c) the deductor is a person who is required to get his accounts audited under section 44AB in the immediately preceding financial year; or

(d) the number of deductee’s records in a statement for any quarter of the financial year are twenty or more,

the deductor shall furnish the statement in the manner specified in item (b) of clause (i).

(iii) Where deductor is a person other than the person referred to in clause (ii), the statements referred to in sub-rule (1) may, at his option, be delivered or cause to be delivered in the manner specified in item (b) of clause (i).

(4) The deductor at the time of preparing statements of tax deducted shall,—

(i) quote his tax deduction and collection account number (TAN) in the statement;

(ii) quote his permanent account number (PAN) in the statement except in the case where the deductor is an office of the Government;

(iii) quote the permanent account number of all deductees;

(iv) furnish particulars of the tax paid to the Central Government including book identification number or challan identification number, as the case may be;

(v) furnish particulars of amount paid or credited on which tax was not deducted in view of the issue of certificate of no deduction of tax under section 197 by the Assessing Officer of the payee;

(vi) furnish particulars of amount paid or credited on which tax was not deducted in view of the compliance of provisions of sub-section (6) of section 194C by the payee;

(vii) furnish particulars of amount paid or credited on which tax was not deducted in view of the furnishing of declaration under sub-section (1) or sub-section (1A) or sub-section (1C) of section 197A by the payee.

(5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing of the statements and shall be responsible for the day-to-day administration in relation to furnishing of the statements in the manner so specified.

(6) Where a statement of tax deducted at source is to be furnished for tax deducted before the 1st day of April, 2010, the provisions of this rule and rule 37A shall apply as they stood immediately before their substitution or omission by the Income-tax (Sixth Amendment) Rules, 2010.]

.

TDS AND TCS COMPLIANCE STATEMENT

[See rule 31A(1)(a)]

Financial Year



PERSONAL INFORMATION

Name

TAN

Flat/Door/Block No

Name of Premises/Building/Village

PAN of Head office or taxable entity

Road/Street/Post Office

Area/Locality

Quarter

(First / Second / Third / Fourth)

Town/City/District

State

Pin code

Email Address

(STD code)-Phone Number (
)

FILING STATUS

Designation of TDS Assessing Officer (Ward/Circle)

Whether Original or Revised return? (Tick) . Original Revised

If revised, enter Ack. No. and Date of filing of original return (DD/MM/YYYY)

Residential Status (Tick) . Resident Non-Resident

Is there any transaction of the nature specified in SCH COM-1 below Yes (Enter details in Schedule COM) No (Nil Return)

Tax deducted or collected at source

SCH COM-1

COM-1 Details of TDS compliance in the month of ___ ____ / ___ ___ ___ ___

Section

Nature of payment

Total Expense

or Capital outgo under the section

Total Amount on which

TDS / TCS

was liable or

eligible to

be deducted

or collected

out of (3)

Total Amount

on which tax

was deducted or

collected

at prescribed rate

out of (4)

Amount of

tax deducted or collected

on (5)

Total Amount on which tax was deducted or collected at

less than prescribed rate

out of (4)

Amount of

tax deducted or collected

on (7)

Total Amount =(6) + (8)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

192

Salaries to Govt. employees

192

Salaries to non-Govt. employees

193

Interest on securities

194

Dividend

194A

Interest other than interest on securities

194B

Winnings from lotteries and crossword puzzles

194BB

Winnings from horse race

194C

Payment of contractors and sub-contractors

194D

Insurance Commission

194E

Payments to non-resident sportsmen / Sport Associations

194EE

Payments in respect of deposits under National Savings Schemes

194F

Payments on account of re-purchase of units by Mutual Funds or UTI

194G

Commission, prize, etc., on sale of lottery tickets

194H

Commission or brokerage

194I

Rent

194J

Fees for professional or technical services

194K

Income payable to a resident assessee in respect of units of a specified Mutual Fund or of the units of the UTI

194LA

Payment of compensation on acquisition of certain immovable property

195

Other sums payable to a non-resident

196A

Income in respect of units of non-residents

196B

Payments in respect of units to an offshore fund

196C

Income from foreign currency bonds or shares of Indian company payable to non-resident

196D

Income of foreign institutional investors from securities

206C

Collection at source from alcoholic liquor for human consumption

206C

Collection at source from timber obtained under forest lease

206C

Collection at source from timber obtained by any mode other than a forest lease

206C

Collection at source from any other forest produce (not being Tendu leaves)

206C

Collection at source for scrap

206C

Collection at source from contractors or licensee or lease relating to parking lots

206C

Collection at source from contractors or licensee or lease relating to mine or quarry

206C

Collection at source from Tendu leaves

Total tax deducted or collected at source

Interest

Penalty

Others

Grand Total

Enter the details of receipts, expenses and capital outgo and corresponding TDS and TCS amounts, section-wise. The total of TDS and TCS in Col. 9 should match total of TDS and TCS deposited into the account of Central Government.

TAX DEDUCTED OR COLLECTED AT SOURCE

SCH COM-2

Details of TDS compliance in the month of ___ ____ / ___ ___ ___ __

Section

Nature of payment

Total Expense

or Capital outgo under the section

Total Amount on which

TDS / TCS

was liable or

eligible to

be deducted

or collected

out of (3)

Total Amount

on which tax

was deducted or

collected

at prescribed rate

out of (4)

Amount of

tax deducted or collected

on (5)

Total Amount on which tax was deducted or collected at

less than prescribed rate

out of (4)

Amount of

tax deducted or collected

on (7)

Total Amount =(6) + (8)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

192

Salaries to Govt. employees

192

Salaries to non-Govt. employees

193

Interest on securities

194

Dividend

194A

Interest other than interest on securities

194B

Winnings from lotteries and crossword puzzles

194BB

Winnings from horse race

194C

Payment of contractors and sub-contractors

194D

Insurance Commission

194E

Payments to non-resident sportsmen / Sport Associations

194EE

Payments in respect of deposits under National Savings Schemes

194F

Payments on account of re-purchase of units by Mutual Funds or UTI

194G

Commission, prize, etc., on sale of lottery tickets

194H

Commission or brokerage

194I

Rent

194J

Fees for professional or technical services

194K

Income payable to a resident assessee in respect of units of a specified Mutual Fund or of the units of the UTI

194LA

Payment of compensation on acquisition of certain immovable property

195

Other sums payable to a non-resident

196A

Income in respect of units of non-residents

196B

Payments in respect of units to an offshore fund

196C

Income from foreign currency bonds or shares of Indian company payable to non-resident

196D

Income of foreign institutional investors from securities

206C

Collection at source from alcoholic liquor

for human

consumption

206C

Collection at source

from timber obtained under forest lease

206C

Collection at source

from timber obtained

by any mode other

than a forest lease

206C

Collection at source

from any other forest

produce (not being

Tendu leaves)

206C

Collection at source for scrap

206C

Collection at source

from contractors or

licensee or lease

relating to parking lots

206C

Collection at source

from contractors or licensee or lease relating to mine or quarry

206C

Collection at source

from Tendu leaves

Total tax deducted or collected at source

Interest

Penalty

Others

Grand Total

Tax deducted or collected at source

SCH COM –3

Details of TDS compliance in the month of ___ ____ / ___ ___ ___ ___

 

Section

Nature of payment

Total Expense

or Capital outgo under

the section

Total Amount

on which TDS / TCS

was liable or eligible to

be deducted or collected

out of (3)

Total Amount

on which tax was deducted or

collected

at prescribed rate

out of (4)

Amount of

tax deducted or collected

on (5)

Total Amount on which tax was deducted or collected at

less than prescribed rate

out of (4)

Amount of

tax deducted or collected

on (7)

Total

Amount

=(6) + (8)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

192

Salaries to Govt.

employees

192

Salaries to non-Govt.

employees

193

Interest on securities

194

Dividend

194A

Interest other than

interest on securities

194B

Winnings from

lotteries and

crossword puzzles

194BB

Winnings from horse race

194C

Payment of

contractors and sub-

contractors

194D

Insurance Commission

194E

Payments to non-

resident sportsmen / Sport Associations

194EE

Payments in respect of

deposits under

National Savings

Schemes

194F

Payments on account

of re-purchase of units

by Mutual Funds or

UTI

194G

Commission, prize,

etc., on sale of lottery tickets

194H

Commission or brokerage

194I

Rent

194J

Fees for professional or technical services

194K

Income payable to a resident assessee in respect of units of a specified Mutual Fund or of the units of the UTI

194LA

Payment of compensation on acquisition of certain immovable property

195

Other sums payable to a non-resident

196A

Income in respect of units of non-residents

196B

Payments in respect of units to an offshore fund

196C

Income from foreign currency bonds or shares of Indian company payable to non-resident

196D

Income of foreign institutional investors from securities

206C

Collection at source from alcoholic liquor for human consumption

206C

Collection at source from timber obtained under forest lease

206C

Collection at source from timber obtained by any mode other than a forest lease

206C

Collection at source from any other forest produce (not being Tendu leaves)

206C

Collection at source for scrap

206C

Collection at source from contractors or licensee or lease relating to parking lots

206C

Collection at source from contractors or licensee or lease relating to mine or quarry

206C

Collection at source from Tendu leaves

Total tax deducted or collected at source

Interest

Penalty

Others

Grand Total

SCH PAY

Details of payment of tax deducted or collected at source

Sl. No.

Challan Identification Number (CIN)

Amount




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