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Tuesday, July 7, 2009

epayment of TDS Portal is not Available Yet

AS per the CBDT Notification No.31/2009 introducing the new challan From 17 with effect from 1st April, 2009 , all persons required to deduct tax at source (TDS) or collect tax at source (TCS) under the Income-tax Act will now be required to enter details of TDS/TCS of all deductees with their names, PAN and amounts. CBDT expects all persons to electornically furnish the new challan through online payment via the internet.

But, the board has not made any portal or challan form 17 for deposit TDS/TCS online yet then how one can deposit online TDS/TCS for the period April 2009 which has the last date 7th May 2009.

Further, there is complete confusion about UTN. Nobody; even in the government; is clear about the concept. If UTN is applicable for the TDS Payments on or after 1st April, 2009; what is the UTN column doing in the ITR for A Y 2009-10?

Hope Board will read this post and remind itself for preparing epayment of TDS portal soon.

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