notification no. 67/2022 f. no. 370142/23/2022 tpl / gsr 463 e income tax 19th amendment rules 2022

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st June, 2022 INCOME-TAX G.S.R. 463(E).–– In exercise of the powers conferred by section 295 read with sections 194B, 194-IA, 194R, 194S and section 206AB of the Income-tax Act, 1961, the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. Short title and commencement.–– (1) These rules may be called the Income-tax (19th Amendment) Rules, 2022. (2) Save as otherwise provided in these rules, they shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), (a) in rule 30, with effect from the 1st July, 2022–– (i) after sub-rule (2C), the following sub-rule shall be inserted, namely:–– “(2D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under section 194S by a specified person referred to in that section shall be paid to the credit of the Central Government within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QE.”; (ii) after sub-rule (6C), the following sub-rule shall be inserted, namely:–– “(6D) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form No.26QE, the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it 14 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] electronically within the time specified in sub-rule (2D) into the Reserve Bank of India or the State Bank of India or any authorised bank.”; (b) in rule 31, after sub-rule (3C), the following sub-rule shall be inserted with effect from the 1st July, 2022, namely:– “(3D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3), every person, being a specified person referred to in section 194S and responsible for deduction of tax under that section shall furnish the certificate of deduction of tax at source in Form No.16E to the payee within fifteen days from the due date for furnishing the challan-cum-statement in Form No.26QE under rule 31A after generating and downloading the same from the web portal specified by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or the person authorised by him.”; (c) in rule 31A, with effect from the 1st day of July, 2022–– (i) in sub-rule (4), after clause (xvi), the following clause shall be inserted, namely:–– “(xvii) furnish particulars of amount deposited being prerequisite for releasing–– (a) winnings in terms of proviso to section 194B; (b) benefit or perquisite in terms of first proviso to sub-section (1) of section 194R; and (c) consideration in terms of proviso to sub-section (1) of section 194S along with the challan details such as BSR code of the bank, date of payment and challan serial number.” (ii) after sub-rule (4C), the following sub-rule shall be inserted, namely,–– “(4D) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3) of sub-rule (4), every specified person referred to in section 194S and responsible for deduction of tax under that section shall furnish to the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) or the person authorised by the Principal Director General of Income-tax (Systems) or the Director General of Income- tax (Systems), a challan-cum-statement in Form No. 26QE electronically in accordance with the procedures, formats and standards specified under sub-rule (5) within thirty days from the end of the month in which the deduction is made.”. 3. In the principal rules, in Appendix II, after Form No. 16D, the following Form shall be inserted with effect from the 1st July, 2022, namely,–– “Form No. 16E [See rule 31(3D)] Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source Certificate No. Last updated on Name and address of the Deductor Name and address of the Deductee Permanent Account Number or Aadhaar Number of the Deductor Permanent Account Number or Aadhaar Number of the Deductee Financial Year of deduction Summary of Transaction(s) S. No. Unique Acknowledgement Number Amount paid/credited Date of payment/credited (dd/mm/yyyy) Amount of tax deducted and deposited in respect of the deductee Total (Rs.) DETAILS OF TAX DEPOSITED TO THE CREDIT OF THE CENTRAL GOVERNMENT FOR WHICH CREDIT IS TO BE GIVEN TO THE DEDUCTEE S. No. Amount of tax deposited in respect of deductee (Rs.) Challan Identification number (CIN) BSR Code of the Bank Branch Date on which tax deposited (dd/mm/yyyy) Challan Serial Number 1. 2. Total (Rs.) Verification I, …………….., son/daughter of …………. in the capacity of ……. (designation) do hereby certify that a sum of (Rs.) ………….. [Rs. …………. (in words)] has been deducted and deposited to the credit of the Central Government. I further certify that the information given above is true, complete and correct and is based on the books of account, documents, challan-cum-statement of deduction of tax, TDS deposited and other available records. Place (Signature of person responsible for deduction of tax) Date Full name: ”. [भागII—खण् ड 3(i)] भारत का रािप् : असाधारण 15 4. In the principal rules, in Appendix II, in form 26Q, with effect from the 1st day of July, 2022 –– (a) for the brackets, words, figures and letters “[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O, 194P, 194Q, 197A, 206AA, 206AB and rule 31A]”, the following brackets, words, figures and letters, shall be substituted, namely:–– “[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O, 194P, 194Q, 194R, 194S, 197A, 206AA, 206AB and rule 31A]”; (b) for the “Annexure”, the following “Annexure” shall be substituted, namely:–– “ANNEXURE: DEDUCTEE/PAYEE WISE BREAK UP OF TDS (Please use separate Annexure for each line-item in Table at Sl. No. 4 of main Form 26Q) Details of amount paid/credited during the quarter ended… (dd/mm/yyyy) and of tax deducted at source BSR Code of branch/Receipt Number of Form No. 24G Date on which challan deposited/Transfer voucher date (dd/mm/yyyy) Challan Serial Number / DDO Serial No. of Form No. 24G Amount as per Challan Total tax to be allocated among deductees/payees as in the vertical total of Col. 421 Total interest to be allocated among the deductees/payees mentioned below Name of the Deductor/Payer TAN Sl. No. Deductee /payee referen ce numbe r provide d by the deduct or/ payer, if availab le Deduct ee/ payee code (01- Comp any 02- Other than comp any) PAN of the deductee / payee Name of the deduct ee/ payee Section code (See Note 17) Date of payment or credit (dd/m m/ yyyy) Amount paid or credited Amount of cash withdrawal in excess of Rs. 1 crore as referred to in section 194N (in cases not covered by the first proviso to section 194N) Amount of cash withdrawal which is in excess of Rs. 20 lakh but does not exceed Rs 1 crore for cases covered by sub- clause (a) of clause (ii) of first proviso to section 194N Amount of cash withdrawal in excess of Rs. 1 crore for cases covered by sub- clause (b) of clause (ii) of first proviso to section 194N Total tax deducte d Total tax deposit ed Date of deduction (dd/mm/ yyyy) Rate at which deducted [412] [413] [414] [415] [416] [417] [418] [419] [419A] [419B] [419C] [420] [421] [422] [423] 1 2 3