COMPARATIVE CHART OF 8th AMENDMENT MADE IN REGARD WITH TDS.

SL. New Provision of TDS after Notification No. S.O.858 (E)

NO Particulars Old Provision (TDS) dated 25th March 2009 Under 8th Amendment.
.
Corporate assessee & persons All deductors. No Payments would be accepted directly at
Mandatory
1 covered under mandatory tax Bank Branches
E-Payment
audit.
New TDS Challan, Form 17 is introduced and will be
No Specific Challan
available by the end of April ‘09
Challan is section Independent. Deductor can prepare a
Single challan is prepared for each single challan at the end of the month for all his TDS
2 Challans
sections at the end of the month. deductions (Including Salaries and Non Salaries).
Due date of deposit of TDS is same as per old provision.
Deductor has to provide deductee wise PAN, Name and
Nothing was required.
TDS amount.
The Deductee records under that challan have to be
entered online [if less than 10] or have to be uploaded
through a file.
Unique On successful payment, an acknowledgement would be
Transactio generated in Form 17 format, which validates [Yes/No] for
3 -
n Number each PAN of the deductee and generates a Unique
[UTN] Transaction Number [UTN] for each deductee record. It is
a common link between Challan, TDS certificate and eTDS
Statement and will be provided by the I.T. department.
Forms remains as it is, with a little change in File
Return was filed in Form No. 24Q,
structure. i.e deductee wise details , Unique Transaction
26Q, 27Q and 27EQ.
No is to be given.
Return
4 Due Date for 30th June was 15th
Filing
July, 30th Sept. was 15th Oct., 31st
Due date is once a year i.e. on or before 15th June.
Dec. was 15th Jan. & 31st Mar. was
15th June.
It is TDS Compliance Statement to be filed by all assesses
who have been allotted TAN.
Section wise (all), 3 months separately information, are to
be filed electronically on quarterly basis, even if no tax is
TDS deducted.
Complianc It contain information of Total Payment, Total amount
5 e - eligible for deduction, Total amount considered for TDS at
Statement full rate, Amount of TDS at full rate, Total amount
(24C) considered for TDS at lesser rate, Amount of TDS at lesser
rate, Total TDS.
Due Date for 30th June was 15th July, 30th Sept. was 15th
Oct., 31st Dec. was 15th Jan. & 31st Mar. was 15th June.

New Formats of Form 16 for 192 and 16A for XVII-B and
applicable for FY 2009-10.
UTN has to be mentioned, along with Gross amount paid
Form 16, 16A and 16AA. and TDS amount.
Forms should contain UTN against each payment shown in
TDS certificate and several details is not required i.e. Date
TDS of payment, Chq No, BSR Code, CIN etc
6
Certificates
Date of Payment is not required. That means if a party
Date of Payment is required in 16A. payment is shown consolidate in monthly challan, a yearly
Form 16A contains only 12 entries.
Indivisual section waise details is Form 16A is section independent. It can contain multiple
required in 16A. section related deductions
16AA was there in existence. Form 16AA abolished.
1) Within one month from the end 1) When tax is deducted at the time of passing credit
of moth during which the amount entry on the last day of the accounting year - Within one
was paid or credited. week from the date of deposit of TDS
2) Within one week after the expiry 2) TDS on salary (192) and On issue of consolidated TDS
Due date of two months from the month in certificate - By April 30 after the end of the F Y.
7 for giving which income was credited. 3) Prior Approval on of AO for Quaterly deposit - Within 14
certificates 3) In case of salary or insurance days from the date of deposit of TDS.
commission , within one month 4) Any other case - Within one month from the end of the
from the close of financial year in month in which tax is deducted.
which such deduction was made.

Duplicate issuance of TDS/TCS certificate allowed on

request of the deductee. A.O. to give credit on duplicate
8 Others Not in existence.
certificate on filing of affidavit and confirmation by
concerned A.O.