TDS on Salaries - Income Tax Department

(b)
(c)
(d)
Corporate deductor,
The deductor is a person required to get his accounts
audited under sec. 44 AB in the immediately preceding
financial year or
the number of deductee’s records in a statement for any
quarter of the financial year is twenty or more ;
Such quarterly statements are to be delivered
electronically on computer media (3.5" 1.44 MB floppy,
diskette or CD-Rom of 650 MB capacity). The statement
in computer media is to be prepared as per data structure
provided by the e-filing Administrator (DGIT Systems)
designated by the Board for purposes of e-<strong>TDS</strong>
Scheme : 2003. Further, a declaration in Form 27A is
also to be submitted in paper format. Quarterly statements
are also to be filed by such deductors in electronic format
with the e-<strong>TDS</strong> Intermediary at any of the TIN
Facilitation Centres, particulars of which are available at
www.incometaxindia.gov.in and at http://tin.nsdl.com .
• A person other than a deductor specified above may at his
option, deliver the quarterly statements electronically in
computer media as provided above. However, it is not
mandatory for it to do so.
• The quarterly statements are to be furnished in accordance
with the provisions of rule 37A and rule 37B.
• It is mandatory for the deductor to quote the following in
quarterly statements
(a) TAN
(b) PAN of the deductor (except where deductor is an office
of the government)
(c) PAN of all the deductees
(d) Particulars of tax paid to the Central Government including
Book Identification Number or Challan Identification
Number as the case may be.
(e) Particulars of amount paid or credited on which tax was
not deducted in view of issue of certificate of no deduction
of tax u/s 197 by the assessing officer to the payee.
• For a statement of tax deducted at source to be furnished for
<strong>TDS</strong> done before 1/4/2010, the provisions of Rule 31A and
37A before their amendment(by I.T. 6 th Amendment Rules
2010), will be applicable.
2.8.2 Processing of statements of Tax deducted at
source.
The Finance(No. 2) Act of 2009 has introduced a new section
200A which provides for processing of the statements of tax
deducted at source which have been furnished by the deductor.
Such processing has to be done by the Income-tax Department in
the manner specified and it is to compute any arithmetical error,
incorrect claim in the statements, payment of interests, sum payable
by or refundable to the deductor. An intimation of such processing
is to be sent on or before the expiry of one year from the end of
financial year in which the statement is filed.
The relevant provisions of section 200A as follows ;
(1) Where a statement of tax deduction at source has been
made by a person deducting any sum(hereafter referred
in this section as deductor) under section 200, such
statement shall be processed in the following manner,
namely -
(a) the sums deductible under this Chapter shall be
computed after making the following adjustments,
namely: -
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