Amendment in Income Tax Form 15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ

Amendment in Income Tax Form 15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ and Introduction New Income Tax Form 26B

Read TDS Rates on Salary and Interest Income 

Notification: 11 Date of Issue: 19/2/2013

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of 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 (2nd 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 31A,-

(a) in sub-rule (3),-

(A) in clause (i), for item (b), the following items shall be substituted, namely:-

“(b) furnishing the statement electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5);

(c) furnishing the statement electronically along with the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5)”;

(B) in clause (ii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(C) in clause (iii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(b) after sub-rule (3), the following sub-rule shall be inserted, namely:-

“(3A) A claim for refund, for sum paid to the credit of the Central Government under Chapter XVII-B, shall be furnished by the deductor in Form 26B electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5).”;

(c) in sub-rule (4), after clause (vii), the following clause shall be inserted, namely:-

“(viii) furnish particulars of amount paid or credited on which tax was not deducted in view of the notification issued under sub-section (1F) of section 197A.”;

(d) for sub-rule (5), the following sub-rule shall be substituted, namely:-

“(5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements or claim for refund in Form 26B and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements or claim for refund in Form 26B in the manner so specified.”.

3. in rule 31AA of the said rules,-

(a) in sub-rule (3),-

(A) in clause (i), for item (b), the following items shall be substituted, namely:-

“(b) furnishing the statement electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5);

(c) furnishing the statement electronically along with the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5);”;

(B) in clause (ii), for the words, brackets and letters “item (b) of clause (i)” the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(C) in clause (iii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(b) in sub-rule (4), after clause (iv), the following clause shall be inserted, namely:-

“(v) furnish particulars of amount received or debited on which tax was not collected in view of the furnishing of declaration under sub-section (1A) of section 206C by the buyer. “;

(c) for sub-rule (5), the following sub-rule shall be substituted, namely:-

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

4. For rule 31ACB of the said rules, the following rule shall be substituted, namely:-

“31ACB. Form for furnishing certificate of accountant under the first proviso to sub-section (1) of section 201.—(1) The certificate from an accountant under the first proviso to sub-section (1) of section 201 shall be furnished in Form 26A to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) in accordance with the procedures, formats and standards specified under sub-rule (2), and verified in accordance with the procedures, formats and standards specified under sub-rule (2).

(2) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the Form 26A and be responsible for the day-to-day administration in relation to furnishing and verification of the Form 26A in the manner so specified.”.

5. For rule 37J of the said rules, the following rule shall be substituted, namely:-

“37J. Form for furnishing certificate of accountant under the first proviso to sub-section (6A) of section 206C.—(1) The certificate from an accountant under the first proviso to sub-section (6A) of section 206C shall be furnished in Form 27BA to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) in accordance with the procedures, formats and standards specified under sub-rule (2) and verified in accordance with the procedures, formats and standards specified under sub-rule (2).

(2) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the Form 27BA and be responsible for the day-to-day administration in relation to furnishing and verification of the Form 27BA in the manner so specified.”.

6. In Appendix-II of the said rules,-

(a) for Form No. 15G, the following Form shall be substituted, namely:-

FORM NO. 15G

[See section 197A(1), 197A(1A) and rule 29C]

Declaration under section 197A(1) and section 197A(1A) of the Income-tax Act, 1961 to be made by an individual or a person (not being a company or firm claiming certain receipts without deduction of tax

(b) for Form No. 15H, the following Form shall be substituted, namely:-

FORM NO. 15H

[See section 197A(1C) and rule 29C(1A)]

Declaration under section 197A(1C) of the Income-tax Act, 1961 to be made by an individual who is of the age of sixty years or more claiming certain receipts without deduction of tax.

(c) for Form No. 16, the following Form shall be substituted, namely :—

FORM NO. 16

[See rule 31(1)(a)]

Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source on salary

(d) for Form No. 16A, the following Form shall be substituted, namely :—

FORM NO. 16A

[See rule 31(1)(b)]

Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source

(e) for Form No. 24Q, the following Form shall be substituted, namely :—

FORM NO. 24Q

[See section 192 and rule 31A]

Quarterly Statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of salary for the quarter ended ………….. (June/September/December/March) …………….. (Financial Year)

(f) after Form No. 26A, the following Form shall be inserted, namely :—

FORM NO. 26B

[See rule 31A(3A)]

Form to be filed by the deductor, if he claims refund of sum paid under Chapter XVII-B of the Income-tax Act, 1961

(g) for Form No. 26Q, the following Form shall be substituted, namely :—

FORM NO. 26Q

[See sections 193, 194, 194A, 194B, 194BB, 194C, 194D, 194EE, 194F, 194G, 194H, 194-I, 194J, 194LA, and rule 31A]

Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of payments other than salary for the quarter ended …………….. (June/September/December/March) ………. (Financial year)

(h) for Form No. 27C, the following Form shall be substituted, namely :—

FORM NO. 27C

[See rule 37C]

Declaration under sub-section (1A) of section 206C of the Income-tax Act, 1961 to be made by a buyer for obtaining goods without collection of tax

(i) for Form No. 27D, the following Form shall be substituted, namely :—

FORM NO. 27D

[See rule 37D]

Certificate under section 206C of the Income-tax Act, 1961 for tax collected at source

(j) for Form No. 27EQ, the following Form shall be substituted, namely :—

FORM NO. 27EQ

[See section 206C and rule 31AA]

Quarterly statement of collection of tax at source under section 206C of the Income-tax Act, for the quarter ended ………. (June/September/December/March) ………. (Financial year)

(k) for Form No. 27Q, the following Form shall be substituted, namely :—

FORM NO. 27Q

[See sections 194E, 194LB, 194LC, 195, 196A, 196B, 196C, 196D and rule 31A]

Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of payments other than salary made to non-residents for the quarter ended …………….. (June/September/December/March) ………. (Financial Year)

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Form 16, Download Income Tax Form 16 in PDF Format

FORM NO. 16 for Certificate for Tax Deduction for Salaried Person. FORM NO. 16 is given by employer to employee for Tax deducted at source on Salary. Every employer is required to furnish this certificate in the form No. 16, which tax has been deducted at source from ‘salaries’ head. Every person deducting tax in accordance with the foregoing provisions of this Chapter shall, within such period as may be prescribed from the time of credit or payment of the sum, or, as the case may be, from the time of issue of a cheque or warrant for payment of any dividend to a shareholder, furnish to the person to whose account such credit is given or to whom such payment is made or the cheque or warrant is issued, a certificate to the effect that tax has been deducted, and specifying the amount so deducted, the rate at which the tax has been deducted and such other particulars as may be prescribed.

View Form 26AS TDS Deduction Status Online for Income Tax Return


(2) Every person, being an employer, referred to in sub-section (1A) of section 192 shall, within such period, as may be prescribed, furnish to the person in respect of whose income such payment of tax has been made, a certificate to the effect that tax has been paid to the Central Government, and specify the amount so paid, the rate at which the tax has been paid and such other particulars as may be prescribed.

 CHECK YOUR TDS STATEMENT AND DOWNLOAD FORM 16,16A and FORM 26AS

FORM NO. 16
[See rule 31(1)(a)]
PART A
Certificate under section 203 of the Income-tax Act, 1961 for Tax deducted at source on Salary
Name and address of the Employer

Name and Designation of the Employee

PAN of the Deductor

TAN of the Deductor

PAN of the Employee

CIT (TDS)

Address…………………………………………………………

……………………………………………………………………

City……………………….. Pin Code……………………………

Assessment Year

Period

From

To

    Summary of tax deducted at sourceQuarter

Receipt Numbers of original statements of TDS under sub-section (3) of section 200

Amount of tax deducted in respect of the employee

Amount of tax deposited/ remitted in respect of the employee

Quarter 1   Quarter 2   Quarter 3   Quarter 4   Total   PART B (Refer Note 1)    Details of Salary paid and any other income and tax deducted1.Gross SalaryRs.   (a)Salary as per provisions contained in sec.17(1)Rs.   (b)Value of perquisites u/s 17(2) (as per Form No.12BA, wherever applicable)Rs.   (c)Profits in lieu of salary under section 17(3) (as per Form No.12BB, wherever applicable)Rs.   (d)Total Rs. 2.Less: Allowance to the extent exempt u/s 10

Allowance

Rs.

       Rs.       Rs.      3Balance (1-2) Rs. 4Deductions :    (a)Entertainment allowanceRs.   (b)Tax on employmentRs.  5Aggregate of 4(a) and (b) Rs. 6.Income chargeable under the head ‘salaries’ (3-5)  Rs. 7.Add: Any other income reported by the employee

Income

Rs.

             Rs. 8Gross total income (6+7)  Rs.      9Deductions under Chapter VIA    (A) Sections 80C, 80CCC and 80CCD        (a) Section 80C

Gross Amount

Deductible Amount

         (i)…………………………………..               (ii)………………………………….. Rs.             (iii)……………………………………………. Rs.             (iv)…………………………………. Rs.              (v)…………………………………..                (vi)………………………………….   Rs. Rs.          (vii)…………………………………..   Rs. Rs.

(b)

Section 80CCC

(c)

Section 80CCD        Note:    1.Aggregate amount deductible under section 80C shall not exceed one lakh rupees.                     2.Aggregate amount deductible under the three sections, i.e., 80C, 80CCC and 80CCD shall not exceed one lakh rupees     (B) Other sections (e.g. 80E, 80G etc.) under Chapter VI-A

Gross amount

Qualifying amount

Deductible amount

         (i)Section …………Rs.Rs.Rs.          (ii)Section …………Rs.Rs.Rs.          (iii)Section …………Rs.Rs.Rs.          (iv)Section …………Rs.Rs.Rs.          (v)Section …………Rs.Rs.Rs. 10Aggregate of deductible amount under Chapter VIA  Rs.             11Total Income (8-10)  Rs. 12Tax on total income  Rs. 13Education cess @ 3% (on tax computed at S. No. 12)  Rs.14Tax Payable (12+13)  Rs.15Less: Relief under section 89 (attach details)  Rs.16Tax payable (14-15)  Rs.Verification

I,…………………………, son/daughter of ………………………… working 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 about is true, complete and correct and is based on the books of account, documents, TDS statements, TDS deposited and other available records.

Place  Date Signature of person responsible for deduction of taxDesignation Full Name:

 

 

 

ANNEXURE-A

DETAILS OF TAX DEDUCTED AND DEPOSITED IN THE CENTRAL GOVERNMENT ACCOUNT THROUGH BOOK ENTRY

(The Employer to provide payment wise details of tax deducted and deposited with respect to the employee)

S. No.

Tax Deposited in respect of the employee (Rs.)

Book identification number (BIN)

Receipt numbers of form No. 24G

DDO Sequence Number in the Book Adjustment Mini Statement

Date on which tax deposited (dd/mm/yyyy)

Total

ANNEXURE-B

DETAILS OF TAX DEDUCTED AND DEPOSITED IN THE CENTRAL GOVERNMENT ACCOUNT THROUGH CHALLAN

(The Employer to provide payment wise details of tax deducted and deposited with respect to the employee)

S. No.

Tax Deposited in respect of the employee (Rs.)

Challan identification number (CIN)

BSR Code of the Bank Branch

Date on which tax deposited (dd/mm/yyyy)

Challan Serial Number

Total

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