RULG_170 - Taxpublishers.in

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The Tax Publishers Rule 31A Filing of Statement of TDS 1. Requirements as to filing of quarterly statement of TDS Sub-section (3) of section 200 provides that any person deducting any sum on or after the 1-4-2005 in accordance with the provisions of Chapter XVII-B or, as the case may be, any person being an employer referred to in section 192(1A) shall, after paying the tax deducted to the credit of the Central Government within the prescribed time, prepare such statements for such period as may be prescribed in each financial year and deliver to the prescribed income-tax authority or to the person authorized by such authority such statements for such period, in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed. The proviso to section 200(3) provides that w.e.f. 1-10-2014, the person who delivered statement under the aforesaid sub-section may also deliver to the prescribed authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under this sub-section in such form and verified in such manner as may be specified by the authority. 2. Rule relevant to furnishing of statement of TDS Rule 31A prescribes the form and periodicity for furnishing statement of tax deducted which is mentioned hereunder. 3. Form of statement of deduction of tax As per rule 31A(1), every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of section 200(3), deliver the following quarterly statements : SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Filing of Statement of TDS

1. Requirements as to filing of quarterly statement of TDS

Sub-section (3) of section 200 provides that any person deducting any sum on or after the 1-4-2005 in accordance with the provisions of Chapter XVII-B or, as the case may be, any person being an employer referred to in section 192(1A) shall, after paying the tax deducted to the credit of the Central Government within the prescribed time, prepare such statements for such period as may be prescribed in each financial year and deliver to the prescribed income-tax authority or to the person authorized by such authority such statements for such period, in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed.

The proviso to section 200(3) provides that w.e.f. 1-10-2014, the person who delivered statement under the aforesaid sub-section may also deliver to the prescribed authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under this sub-section in such form and verified in such manner as may be specified by the authority.

2. Rule relevant to furnishing of statement of TDS

Rule 31A prescribes the form and periodicity for furnishing statement of tax deducted which is mentioned hereunder.

3. Form of statement of deduction of tax

As per rule 31A(1), every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of section 200(3), deliver the following quarterly statements :