Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Wednesday, May 25, 2016

CBDT has relaxed the condition of furnishing of Unique identification number allotted by the deductors

CBDT has issued a circular No.18/2016 on 23.05.2016 relaxing the condition of furnishing of unique identification number allotted by the deductor for the quarterly statement for the quarter ending 31-­12­2015 and 31-0­3-­2016.
As per the amended Rule 29C effective from 1st October,2015 which provides for online filing of self declaration for non- deduction of TDS under Section 197A and notification number 76/2015 on 29.09.15 the Tax deductor has to follow the procedure laid down for  filing  Self Declaration ( Form 15G or 15H ) and furnishing of the same with Income Tax Department.
Sub –Rule (3) of Rule 29C provides for allotment of UID ( Unique Identification number of Declaration) along with the transactions covered under Form 15G/Form 15H in Quarterly TDS statements after 01.10.2015. Due to constraints such transactions could not be included during the furnishing of TDS Statements  for the Quarter ended on 31.12.2015 and 31.03.2016, the CBDT has relaxed the same for such quarters.  

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