Amendment in Rule 31A of the Income-tax Rules and TCS/ TDS Return Forms

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The CBDT vide Notification No. 71/2021, dated June 08, 2021 issued ‘Income-tax (17th Amendment) Rules, 2021’ amending the Income-tax Rules, 1962 (“Income-tax Rules”) in following manner:

  • Amendment in Rule 31A of the Income-tax Rules which prescribes the statement of deduction of tax under Section 200(3) of the Income-tax Act, 1961 (“Income-tax Act”):

Substituted clause (x) of the Rule 31A ibid to reads as under:

‘(x) furnish particulars of amount paid or credited on which tax was not deducted or deducted at lower rate in view of the Notification issued under sub-section (5) of section 194A or in view of exemption provided under clause (x) of sub-section (3) of section 194A.’

Inserted the following clauses after clause (xiii) of the Rule 31A ibid:

“(xiv) furnish particulars of amount paid or credited on which tax was not deducted in view of clause (d) of the second proviso to section 194 or in view of the notification issued under clause (e) of the second proviso to section 194;

(xv) furnish particular of amount paid or credited on which tax was not deducted in view of proviso to sub-section (1A) or in view of sub-section (2) of section 196D.;

(xvi) furnish particulars of amount paid or credited on which tax was not deducted in view of sub-section (5) of section 194Q with effect from 1st day of July,2021.”

  • Omitted the words ‘who is a resident’ in clause (ii) of Annexure A to the Form 26A under Appendix ll in the Income-Tax Rules.
  • Substituted “[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O, 197A and rule 31A]” with “[See Sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O, 194Q, 197A, 206AA, 206AB and rule 31A]”in Form 26Q, Appendix ll, in Income-Tax Rules.
  • Substituted the Annexure in Form 26Q under Appendix ll of the Income-Tax Rules i.e., Deductee/Payee wise break up of TDS.
  • Substituted “[See section 206C and rule 31AA]”, with “[See section 206C, 206CC, 206CCA and rule 31AA]” in Form 27EQ under Appendix ll of the Income-Tax Rules.
  • Substituted the Annexure in Form 27EQ under Appendix ll of the Income-Tax Rules i.e., Party wise break up of TCS.
  • Substituted ”[See section 194E, 194LB, 194LBA, 194LBB, 194LBC, 194LC, 194N, 195, 196A, 196B, 196C, 196D, 197A and rule 31A]” with “[See section 194E, 194LB, 194LBA, 194LBB, 194LBC, 194LC, 194N, 195, 196A, 196B, 196C, 196D, 197A, 206AA, 206A B and rule 31A]” in Form 27Q, Appendix ll, in Income-Tax Rules.
  • Substituted the Annexure in Form 27Q under Appendix ll of the Income-Tax Rules i.e., Deductee wise break up of TDS.

The Notification can be accessed at: https://egazette.nic.in/WriteReadData/2021/227423.pdf

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