9 notification 9 date of issue 18/2/2010

[TO!BE!PUBLISHED!IN!THE!GAZETTE!OF!INDIA,!EXTRAORDINARY,!PART!II,! SECTION!3,!SUB"SECTION!(ii)]! ! GOVERNMENT!OF!INDIA! MINISTRY!OF!FINANCE! DEPARTMENT!OF!REVENUE! CENTRAL!BOARD!OF!DIRECT!TAXES! New!Delhi,!the!!!18th!February,!2010! ! NOTIFICATION! INCOME"TAX! ! S.O.!424!(E).–!In!exercise!of!the!powers!conferred!by!section!295!of!the!Income"tax!Act,!1961!!!!! (43!of!1961),!the!Central!Board!of!Direct!Taxes!hereby!makes!the!following!rules!further!to! amend!the!Income"tax!Rules,!1962,!namely:"! ! 1.! (1)! These!rules!may!be!called!Income"tax!(!First!!Amendment)!Rules,!2010.! (2)! They!shall!come!into!force!from!the!1st!day!of!April,!2009.! ! 2.! In!the!Income"tax!Rules,!1962,!"! ! (a)! for!rules!30,!31!and!31A!the!following!rules!shall!be!substituted,!namely:"! ! “Time!and!mode!of!payment!to!Government!account!of!tax!deducted!at!source!or! tax!paid!under!sub"section!(1A)!of!section!192.! ! 30.!(1)!All!sums!deducted!in!accordance!with!the!provisions!of!sections!192!to!194,! section!194A,!section!194B,!section!194BB,!section!194C,!section!194D,!section!194E,! section! 194EE,!section!194F,!section!194G,!section! 194H,!section! 194"I,!section!194J,! section!194K,!section!194LA,!section!195,!section!196A,!section!196B,!section!196C!and! section!196D!shall!be!paid!to!the!credit!of!the!Central!Government—! (a)! in! the!case! of! deduction! by! or!on! behalf! of! the! Government,! on! the! same!day;! (b)! in!the!case!of!deduction!by!or!on!behalf!of!persons!other!than!those! mentioned!in!clause!(a),—! (i)! in!respect!of!sums!deducted!in!accordance!with!the!provisions! of!section!193,!section!194A,!section!194C,!section!194D,!section!194E,! section! 194G,! section! 194H,! section! 194"I,! section! 194J,! section! 195,! section!196A,!section!196B,!section!196C!and!section!196D—! ! (1)! where! the! income! by! way! of! interest! on! securities! referred!to!in!section!193!or!the!income!by!way!of!interest!referred!to! in!section!194A!or!the!sum!referred!to!in!section!194C!or!the!income! by! way! of! insurance! commission! referred! to! in! section! 194D! or! the! payment!to!non"resident!sportsmen!or!sports!associations!referred!to! in!section!194E!or!the!income!by!way!of!commission,!remuneration!or! prize!on!sale!of!lottery!tickets!referred!to!in!section!194G!or!the!income! by!way!of!commission!or!brokerage!referred!to!in!section!194H!or!the! income!by!way!of!rent!referred!to!in!section! 194"I!or!the!income!by! way!of!fees!for!professional!or!technical!services!referred!to!in!section! 194J!or!the!interest!or!any!other!sum!referred!to!in!section!195!or!the! income!of!a!foreign!company!referred!to!in!sub"section!(2)!of!section! 196A! or! the! income! from! units! referred! to! in! section! 196B! or! the! income!from!foreign!currency!bonds!or!shares!of!an!Indian!company! referred! to! in! section! 196C! or! the! income! of! Foreign! Institutional! Investors!from!securities!referred!to!in!section!196D!is!credited!by!a! person! to! the! account! of! the! payee! as! on! the! date! up! to! which! the! accounts! of! such! person! are! made,! within! two! months! of! the! expiration!of!the!month!in!which!that!date!falls;! ! (2)! in!any!other!case,!within!one!week!from!the!last!day!of! the!month!in!which!the!deduction!is!made;!and! (ii)! in! respect! of! sums! deducted! in! accordance! with! the! other! provisions!within!one!week!from!the!last!day!of!the!month!in!which! the!deduction!is!made:! ! Provided!that!the!Assessing!Officer!may,!in!special!cases,!and!with!the!approval!of! the!Joint!Commissioner—! (a)! in! cases! falling! under! sub"clause! (i),! permit! any! person! to! pay! the! income"tax!deducted!from!any!income!by!way!of!interest,!other!than! income! by! way! of! interest! on! securities! or! any! income! by! way! of! insurance! commission! or! any! income! by! way! of! commission! or! brokerage!referred!to!in!section!194H!quarterly!on!July!15,!October!15,! January!15!and!April!15;!and! (b)! in! cases! falling! under! sub"clause! (ii),! permit! an! employer! to! pay! income"tax! deducted! from! any! income! chargeable! under! the! head! “Salaries”! quarterly! on! June! 15,! September! 15,! December! 15! and! March!15.! ! (1A)!All!sums!paid!under!sub"section!(1A)!of!section!192!shall!be!paid!to!the!credit!of! the!Central!Government—! ! (a)! in!the!case!of!payment!on!behalf!of!the!Government,!on!the!same!day;! (b)! in!all!other!cases,!within!one!week!from!the!last!day!of!each!month!on! which!the!income"tax!is!due!under!sub"section!(1B)!of!section!192.! ! (2)! The! person! responsible! for! making! the! deduction! from! any! income! chargeable! under!the!head!“Salaries”!or,!the!person!who!pays!tax,!referred!to!in!sub"section!(1A)! of!section!192!or,!in!cases!covered!by!sub"section!(5)!of!section!192,!the!trustees!shall! pay! the! amount! of! tax! so! deducted! to! the! credit! of! the! Central! Government! by! remitting!it!within!the!time!prescribed!in!sub"rule!(1)!into!any!branch!of!the!Reserve! Bank!of!India!or!of!the!State!Bank!of!India!or!of!any!authorized!bank!accompanied!by! an!income"tax!challan!!:! ! Provided!that!where!the!deduction!or!payment,!as!the!case!may!be,!is!made!by!or!on! behalf! of! Government,! the! amounts! shall! be! credited! within! the! time! and! in! the! manner!aforesaid!without!the!production!of!a!challan.! ! (3)!The!person!responsible!for!making!deduction!under!sections!193,!194,!194A,!194B,! 194BB,!194C,!194D,!194E,!194EE,!194F,!194G,!194H,!194"I,!194J,!194K,!195,!196A!,!196B! ,!196C!and!196D!shall!pay!the!amount!of!tax!so!deducted!to!the!credit!of!the!Central! Government! by! remitting! it! within! the! time! prescribed! in! sub"rule! (1)! into! any! branch!of!the!Reserve!Bank!of!India!or!of!the!State!Bank!of!India!or!of!any!authorized! bank!accompanied!by!an!income"tax!challan,!provided!that!where!the!deduction!is! made!by!or!on!behalf!of!Government!the!amount!shall!be!credited!within!the!time! and!in!the!manner!aforesaid!without!the!production!of!a!challan.! ! !Certificate!of!tax!deducted!at!source!or!tax!paid!under!sub"section!(1A)!of!section! 192.! 31.!(1)!The!certificate!of!deduction!of!tax!at!source!or,!the!certificate!of!payment!of!tax! by!the!employer!on!behalf!of!the!employee,!under!section!203!to!be!furnished!by!any! person!deducting!tax!in!accordance!with!the!provisions!of—! (a)! section!192!shall!be!in!Form!No.!16!:! Provided!that!in!the!case!of!an!individual,!resident!in!India,!where!his! income!from!salaries!before!allowing!deductions!under!section!16!of! the! Income"tax! Act,! 1961! does! not! exceed! rupees! one! lakh! fifty! thousand,!the!certificate!of!deduction!of!tax!at!source!shall!be!in!Form! No.!16AA;! (b)! section! 193,! section! 194,! section! 194A,! section! 194B,! section! 194BB,! section!194C,!section!194D,!section!194E,!section!194EE,!section!194F,! section!194G,!section!194"I,!section!194J,!section!194K,section!194LA,! section!195,!section!196A,!section!196B,!section!196C!and!section!196D! shall!be!in!Form!No.!16A.! (2)!The!certificate!mentioned!in!sub"rule!(1)!shall!be!furnished!within!a!period!of!one! month!from!the!end!of!the!month!during!which!the!credit!has!been!given!or!the!sums! have! been! paid! or,! as! the! case! may! be,! a! cheque! or! warrant! for! payment! of! any! dividend!has!been!issued!to!a!shareholder:! ! Provided!that!where!the!income!by!way!of!interest!on!securities!referred!to!in!section! 193!or!the!income!by!way!of!interest!referred!to!in!section!194A!or!the!sum!referred! to! in! section! 194C! or! the! income! by! way! of! insurance! commission! referred! to! in! section! 194D! or! the! payment! to! non"resident! sportsmen! or! sports! associations! referred! to! in! section! 194E! or! the! income! by! way! of! commission,! remuneration! or! prize!on!sale!of!lottery!tickets!referred!to!in!section!194G!or!the!income!by!way!of! commission!or!brokerage!referred!to!in!section!194H!or!the!income!by!way!of!rent!