The Tax Publishers

Rule 30

Time and Manner for Deposit of TDS

1. Deposition of tax with Central Government

Section 200 prescribes a duty on the person deducting tax at source to pay the same to the credit of Central Government within the time prescribed in rule 30. It was held in CIT v. Shyam Sunder Tea Co. (P) Ltd. (1978) 114 ITR 116 (Gau) that the duty to pay in time is solely on the person responsible for making deduction and any excuse on his part that no demand was raised by the Department is irrelevant.

The time and mode of payment of TDS as per rule 30 are mentioned hereunder.

2. TDS on behalf of Government

(i) Time for deposit of TDS

As per rule 30(1) all sums deducted in accordance with the provisions of Chapter XVII-B by an office of the Government shall be paid to the credit of the Central Government on the same day where the tax is paid without production of an income-tax challan; and on or before seven days from the end of the month in which the deduction is made or income-tax is due under sub-section (1A) of section 192, where tax is paid accompanied by an income-tax challan.

(ii) Mode of payment

(a) Where payment is made by book entry i.e. without production of challan

Sub-rule (4) of rule 30 prescribes that in the case of an office of the Government, where tax has been paid to the credit of the Central Government without the production of a challan, the Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person by whatever name called to whom the deductor reports the tax so deducted and who is responsible for crediting such sum to the credit of the Central Government, shall submit a statement in Form No. 24G to the agency authorised by the Principal Director of Income-tax (Systems) in respect of tax deducted by the deductors and reported to him.

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