New Scheme of TDS/TCS deferred

June 30, 2009
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1 min read

In a Press Release dtd.30-Jun-09, CBDT has indefinitely deferred the implementation of the new Rules for TDS/TCS that were introduced vide Notification No.31/2009 dtd.25-Mar-09.

Resultantly –

  • Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or any other earlier AY, may continue to file their returns without mentioning the Unique Transaction Number (UTN) as required under the said Notification. The filing of such returns shall be treated as valid
  • All deductors / collectors of TDS / TCS may continue to deposit their TDS / TCS
    and file their quarterly TDS / TCS returns as per procedure existing prior to issuance of Notification No.31 / 2009 dated 25-Mar-09.

CBDT will subsequently notify when the New Rules become effective.

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