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MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 18th November, 2019
INCOME-TAX
G.S.R.858(E).ÑIn exercise of the powers conferred by section 295 read with section 194M and 194N 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 (14th Amendment) Rules,
2019.
(2) 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), in rule 30, -
(a) after sub-rule (2B), the following sub-rule shall be inserted, namely:-
“ (2C) Notwithstanding anything contained in sub-rule (1) or sub-rule (2), any sum deducted under
section 194M 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. 26QD.”;
(b) after sub-rule (6B), the following sub-rule shall be inserted, namely:—
“(6C) Where tax deducted is to be deposited accompanied by a challan-cum-statement in Form
No.26QD, the amount of tax so deducted shall be deposited to the credit of the Central Government by
remitting it electronically within the time specified in sub-rule (2C) into the Reserve Bank of India or
the State Bank of India or any authorised bank.”.
3. In the principal rules, in rule 31, after sub-rule (3B), the following sub-rule shall be inserted , namely:— "
“(3C) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3), every
person responsible for deduction of tax under section 194M shall furnish the certificate of
deduction of tax at source in Form No.16D to the payee within fifteen days from the due date
for furnishing the challan-cum-statement in Form No.26QD 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.”
4. In the principal rules, in rule 31A, in sub-rule (4), after clause (viii) the following clause shall be inserted, namely:—
“(ix) furnish particulars of amount paid or credited on which tax was not deducted in view of the exemption provided in
clause (iii) or clause (iv) of the proviso to section 194N or in view of the notification issued under clause (v) of the
proviso to section 194N.”
5. In the principal rules in rule 31A, after sub-rule(4B), the following sub-rule shall be inserted, namely: -
“(4C) Notwithstanding anything contained in sub-rule (1) or sub-rule (2) or sub-rule (3) or sub-rule (4), every
person responsible for deduction of tax under section 194M shall furnish to the Principal Director General of
Income-tax (Systems) or Director General of Income-tax (System) 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.26QD 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.”
6. In the principal rules, in Appendix II —
(a) after Form No.16C, the following Form shall be inserted, namely: —
16
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
Form No. 16D
[See rule 31(3C)]
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
PAN/Aadhaar No. of the Deductor
PAN/Aadhaar No. of the Deductee
Financial Year of deduction
Summary of the Transaction(s)
S.No.
Unique Acknowledgement Number
Nature of payment
Amount Paid/Credited Date of Payment/credit
(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
BSR Code of
the
Bank Branch
Date on which tax deposited
(dd/mm/yyyy)
Challan Serial Number
1
2
Total (Rs.)
Verification
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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 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 the person responsible for deduction of tax)
Date
Full Name:
(b) In Form No. 26Q -
(i)
for the brackets, words, figures and letters
“[See sections 193, 194, 194A, 194B, 194BB, 194C, 194D, 194EE, 194F, 194G, 194H, 194-I, 194J, 194LA and rule 31A]
Quarterly statement of deduction of tax under sub‐section (3) of section 200 of the Income‐tax Act in respect of payments other than salary for the quarter
ended ……………………… (June/September/December/March) ……………… (Financial Year)”
the following brackets, words, figures and letters
“[See section 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J,
194LA,194LBA,194LBB,194LBC, 194N and rule 31A]
Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of payments other than salary for the quarter
ended…………………………(June/September/December/March) ………………(Financial Year)” shall be substituted;
(ii) for the word “Deductor” wherever it occurs, the words “Deductor/Payer” shall be substituted;
(iii) for the word “Deductors” wherever it occurs, the words “Deductors/Payers” shall be substituted;
(iv) for item no. 5 and entries relating thereto, the following item and entries shall be substituted, namely:-
“5. Details of amount paid and tax deducted thereon from the deductees and amount paid without deduction (see Annexure).”;
18
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
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
(v)
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. 04 of main Form 26Q)
Details of amount paid/credited during the quarter ended……….. (dd/mm/yyyy) and of tax deducted at
source
Sl. No. Deductee
/payee
reference
number
provided by the
deductor/payer,
if available
Deductee/ payee
code (01-
Company 02-
Other than
company)
PAN of the
deductee/payee
Name of the
deductee/
payee
Section
code (See
Note 8)
Date of
payment or
credit
(dd/mm/
yyyy)
Amount paid
or credited
Amount of cash
withdrawal in
excess of Rs. 1
crore as referred
to in section
194N
Total tax
deducted
Total tax
deposited
Date of
deduction
(dd/mm/yyyy)
Rate at
which
deducted
Reason for non-
deduction/
lower
deduction/
Higher
Deduction/
Threshold/
Transporter etc.
(See notes 1 to
7)
Number of the
certificate under
section 197 issued
by the Assessing
Officer for non-
deduction/ lower
deduction
[412]
[413]
[414]
[415]
[416]
[417]
[418]
[419]
[419A]
[420]
[421]
[422]
[423]
[424]
[425]
1
2
3
Total
Verification
I, ………………………………………………………………………, hereby certify that all the particulars furnished above are correct and complete.
Place:
…………………..
…………………………………………..
Signature of the person responsible for deducting tax at source
Date:
…………………..
………….………………………………..
Name and designation of the person responsible for deducting tax at source
Notes:
1. Write "A" if "lower deduction" or "no deduction" is on account of a certificate under section 197.
2. Write "B" if no deduction is on account of declaration under section 197A.
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3. Write "C" if deduction is on higher rate on account of non-furnishing of PAN by the deductee/payee.
4. Write "Y" if no deduction is on account of payment below threshold limit specified in the Income-tax Act, 1961.
5. Write "T" if no deduction is on account of deductee/payee being transporter. PAN of deductee/payee is mandatory[section 194C(6)].
6. Write "Z" if no deduction is on account of payment being notified under section 197A(1F).
7. Write “N” if no deduction is on account of payment made to a person referred to in clause (iii) or clause (iv) of the proviso to section 194N or on account of notification issued under clause (v) of the proviso to section 194N.
8. List of section codes is as under:
(c)
After Form No.26QC, the following Form shall be inserted, namely: -
Section
Nature of Payment
Section Code
192A
Payment of accumulated balance due to an employee
192A
193
Interest on securities
193
194
dividend
194
194A
Interest other than interest on securities
94A
194B
Winnings from lotteries and crossword puzzles
94B
194BB
Winnings from horse race
4BB
194C
Payment of contractors and sub-contractors
94C
194D
Insurance Commission
94D
194DA
Payment in respect of life insurance policy
4DA
194EE
Payments in respect of deposits under National Savings Schemes
4EE
194F
Payments on account of repurchase of Units by Mutual Funds or UTIs
94F
194G
Commission, prize etc., on sale of lottery tickets
94G
194H
Commission or Brokerage
94H
194-I(a)
Rent
4-IA
194-I (b)
Rent
4-IB
194J
Fees for Professional or Technical Services
94J
194LA
Payment of Compensation on acquisition of certain immovable property
4LA
194LBA
Certain income from units of a business trust
4BA
194LB
Income in respect of units of investment fund
LBB
194LBC
Income in respect of investment in securitization trust
LBC
194N
Payment of certain amounts in cash
94N
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THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
“Form No.26QD
[See section 194M, rule 30(2C), rule 30(6C) and rule 31A (4C)]
Challan–cum–statement of deduction of tax under section 194M
Financial Year
-
Major Head Code*
Minor Head Code*
Permanent Account Number (PAN)
Or
Aadhaar No. of Deductor
Full Name of Deductor*
Complete Address of Deductor
PIN
Mobile No.
Email ID
Permanent Account Number (PAN)
Or
Aadhaar Number of Deductee
Category of PAN*
Status of PAN*
Full Name of Deductee
Complete Address of Deductee
PIN
Mobile No.
Email ID
Nature of payment (work in pursuance of a contract/commission/brokerage
or fees for professional services)
Date of Contract/Agreement**
Aggregate of payments/credit during the
period from 1st April to the end of the
month in which the payment has been
made/credited.
Is it a case of non-deduction/Lower deduction on
account of certificate under section 197?
(Please Tick Yes/No)
Yes
No
Number of the certificate under section
197 issued by the Assessing Officer for
non-deduction or lower deduction.
Amount Paid/Credited (in Rs.)
Date of
payment/credit**
Rate at which
deducted
Amount of tax deducted
at
source
Date of Deduction**
Date of Deposit**
Mode of payment
Simultaneous e-tax payment
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21
e-tax payment on subsequent date
Details of Payment of Tax Deducted at Source (Amount in Rs.)
TDS (Income Tax)(Credit of tax to the deductee shall be given for this amount)
Interest
Fee
Total payment
Total payment in Words (in Rs.)
Crores
Lakhs
Thousands
Hundreds
Tens
Units
*
To be updated automatically
** In dd/mm/yyyy format.”.
(d) In Form No.27Q –
(i)
for the brackets, words, figures and letters
“[See section 194E, 194LB, 194LBA, 194LBB, 194LBC, 194LC,195, 196A ,196B, 196C, 196D, and rule31A ]
Quarterly statement of deduction of tax under sub‐section (3) of section 200 of the Income‐tax Act in respect of payments other than salary made to non‐residents for the quarter
ended …………………………... (June/September/December/March) ……………… (Financial Year)”
the following brackets, words, figures and letters
“[See section 192A,194E, 194LB, 194LBA, 194LBB, 194LBC, 194LC, 194LD, 194N, 195, 196A ,196B, 196C, 196D and rule31A]
Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of payments other than salary made to non-residents for the
quarter ended …………………………. (June/September/December/March) ……………… (Financial Year)” shall be substituted;
(ii)
for the word “Deductor” wherever it occurs, the words “Deductor/Payer” shall be substituted;
(iii)
for the word “Deductors” wherever it occurs, the words “Deductors/Payers” shall be substituted;
(iv)
for item no. 5 and entries relating thereto, the following item and entries shall be substituted, namely:-
“5. Details of amount paid and tax deducted thereon from the deductees and amount paid without deduction (see Annexure)”
(v)
for the “Annexure” the following “Annexure” shall be substituted, namely:-
22
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
“ANNEXURE: DEDUCTEE/PAYEE WISE BREAK UP OF TDS
(Please use separate Annexure for each line-item in Table at Sl. No. 04 of main Form 27Q)
Details of amount paid/credited during the quarter ended………..(dd/mm/yyyy) and of tax deducted at source
Sl.
No.
Deductee
/Payees
reference
number
provided
by the
deductor
/ payer,
if
available
Deductee
/ Payee
code (01-
Company
02-Other
than
company)
PAN of
the
deductee/
payee
[see Note
6]
Name of
the
deductee
/ payee
Sectio
n code
(See
Note
5)
Date of
payment
or credit
(dd/mm/y
yyy)
Amount
paid or
credited
Amount of
cash
withdrawal
in excess
of Rs. 1
crore as
referred to
in section
194N
Tax Sur-
char-ge
Edu-
cation
Cess
Total
tax
ded-
ucted
[723+
724
+725]
Total
tax
deposi-
ted
Date of
deduct-
ion
(dd/mm
/yyyy)
Rate at
which
deduct-
ed
Reason
for non-
deducti-
on/lowe
r
deducti-
on/
grossing
up/Hig-
her
Deduct-
ion (see
notes 1
to 4)
Number
of the
certifica-
te issued
by the
Assessi-
ng
Officer
for non-
deduction
/ lower
deduction
Whether
the rate
of TDS
is as per
IT Act
(a)
DTAA(b
)
Nature
of
Remit-
tance
Unique
Acknow-
ledgement of
the
corresponding
Form No.
15CA, if
available
Countr
y to
Which
remit-
tance is
made
Email ID
of
deductee/
payee
Contact
number
of
deductee/
payee
Address
of
deductee/
payee in
country
of
residence
Tax
Identifi-
cation
Number/
Unique
identifica-
tion
number
of
deductee/
payee
[714]
[715]
[716]
[717]
[718]
[719]
[720]
[721] [721A]
[722] [723]
[724] [725]
[726]
[727]
[728]
[729]
[730]
[731]
[732]
[733]
[734]
[735]
[736]
[737]
[738]
1
2
3
Total
Name of the
Deductor/Payer
TAN
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 TDS to be allocated among deductees/payees as in the vertical total of
Col. 726
Total interest to be allocated among the deductees/payees mentioned below
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23
Verification
I, ………………………………………………………………………, hereby certify that all the particulars furnished above are correct and
complete
Place: …………………..
….…………………………….
Signature of the person responsible for deducting tax at
source
Date: …………………..
……………………………………..
Name and designation of the person responsible for
deducting tax at source
Note:
1. write "A“" if "lower deduction or "no deduction" is on account of a certificate under section 197.
2. write "C" if grossing up has been done
3. write "D" if deduction is on higher rate on account of non-furnishing of PAN by the deductee/payee.
4. write “N” if no deduction is on account of payment made to a person referred to in clause (iii) or clause (iv) of the proviso to section 194N or on account of notification issued under clause (v) of the proviso to section 194N.
5. List of section codes is as under:
Section
Nature of Payment
Section Code
192A
Payment of accumulated balance due to an employee
192A
194E
Payments to non-resident Sportsmen/Sport Associations
94E
194LB
Income by way of interest from infrastructure debt fund
4LB
194LBA
Certain income from units of a business trust
LBA
194LBB
Income in respect of units of investment fund
LBB
194LBC
Income in respect of investment in securitisation trust
LBC
194LC
Income by way of interest from Indian company
4LC
194LD
Income by way of interest on certain bonds and Government securities.
4LD
194N
Payment of certain amounts in cash
94N
195
Other sums payable to a non-resident
195
196A
Income in respect of units of Non-Residents
96A
196B
Payments in respect of Units to an Offshore
96B
196C
Income from foreign Currency Bonds or shares of Indian Company payable to Non-residents
96C
196D
Income of foreign institutional investors from securities
96D
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THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
6. In case of deductees covered under rule 37BC, “PAN NOT AVAILABLE” should be mentioned.
*
To be updated automatically
**
In dd/mm/yyyy format.”.
[Notification No. 98/2019/F. No. 370142/30/2019-TPL]
SAURABH GUPTA, Under Secy. (Tax Policy and Legislation Division)
Note. - The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969(E), dated the 26th March,
1962 and was last amended vide notification number G.S.R. 836(E) dated 11/11/2019.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
