Electronically furnishing of Quarterly statements of TDS/TCS
The amendment to Rules 31A and 31AA provides that in addition to
the existing two categories viz. Government office and a company,
quarterly statements of TDS/TCS shall also have to be furnished
electronically by those deductors/collectors:
-
who is required to
get his accounts audited under section 44AB of the Income-tax Act
in the immediately preceding financial year or
-
where the number of
deductees’/collectees’ records in a quarterly statements for any
quarter of the immediately preceding financial year is equal to or
more than fifty.
This will apply to quarterly statement for the quarter ending
30th September, 2007.
[Notification No. 238/2007 dated 30th August, 2007 (211 CTR (St.)
131) (293 ITR (St.) 39)].
