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Postponement of TDS/TCS related changes to July 01, 2009

 

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A press release dated May 11, 2009 clarifies that the changes notified through notification no 31/2009 [dated 25 March 2009] will be in effect only after 01st July 2009. Till then the pre-amendment provisions has to be followed.

The press release is provided below for your reference:

No.402/92/2006-MC (11 of 2009)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***

New Delhi Dated: May 11, 2009

PRESS RELEASE

The Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962. The amended / substituted Rules will now come into effect on 1st July 2009 instead of 1st April 2009.

Tax deductors / collectors may continue to deposit TDS / TCS tax and file TDS / TCS returns as per the pre-amended provisions in the interim period.

XXX

 

 

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