CBDT has issued Notification on 29.04.2016 and
has made amendments in Certain Rules with respect to TDS and TCS statements for
Due dates for filing of such statements , Procedure for filing or submitting
the statements and information to be provided by Employees to the employer in
Form 12BB. Most of the amendments are effective from 01.06.2016 so applicable
for Financial Year 2016-17. But Changes in Procedure in submission of such
forms has been effective from 01.05.2016.
No Change in Due date for filing of TDS/TCS statements for Quarter 4 of Financial Year 2015-16. User can submit their TDS Return to their nearest Tin Facilitation Centre / NSDL Service Centre OR User can create their TAN based login Id on Income Tax Portal /TRACES to upload the TDS Return under Digital Signature.
No Change in Due date for filing of TDS/TCS statements for Quarter 4 of Financial Year 2015-16. User can submit their TDS Return to their nearest Tin Facilitation Centre / NSDL Service Centre OR User can create their TAN based login Id on Income Tax Portal /TRACES to upload the TDS Return under Digital Signature.
ü No
Change in Due date for filing of TDS/TCS statements for Quarter 4 of Fin Year 2015-16
ü Due date for payment of TDS on transfer of
immovable property u/s 194IA has been extended to 30 days from existing 7 days
ü Due dates of 24Q, 26Q and 27Q i.e TDS
Statements for TDS on Salary, TDS on other payments and TDS on payments to
Foreign Company / Foreign Nationals has been extended to 31 days instead of 15
days from the Quarter ended for which Statement is being filed with effect from
01.06.2016 i.e for the Financial Year 2016-17
Sl. No.
|
Date
of ending of quarter of financial year
|
Due date
|
(1)
|
(2)
|
(3)
|
1.
|
30th
June
|
31st
July of the financial year
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2.
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30th
September
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31st
October of the financial year
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3.
|
31st
December
|
31st
January of the financial year
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4.
|
31st
March
|
31st
May of the financial year immediately following the financial year in which
the deduction is made”.
|
ü Due
dates of 27EQ i.e TCS Statements has remain unchanged and due date is same as
in Fin Year 2015-16 i.e 15 days from the end of the quarter for which Statement
is being filed.
ü Employees are required to file tax saving
proof to employer in form no. 12BB vide Notification by CBDT dated 29.04.2016
to be effective from 01.06.2016The assessee shall furnish the evidence or the
particulars specified in column (3), of the Table below, of the claim specified
in the corresponding entry in column(2) of the said Table:-
Table
Sl. No
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Nature of claims
|
Evidence or particulars
|
(1)
|
(2)
|
(3)
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1.
|
House Rent
Allowance.
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Name, address and
permanent account number of the landlord/landlords where the aggregate rent
paid during the previous year exceeds rupees one lakh.
|
2.
|
Leave travel
concession or assistance.
|
Evidence of
expenditure.
|
3.
|
Deduction of
interest under the head “Income from house property”.
|
Name, address and
permanent account number of the lender.
|
4.
|
Deduction under
Chapter VI-A.
|
Evidence of
investment or expenditure.”.
|
CBDT has given a Format for 12BB
“FORM NO.12BB
(See rule 26C)
Statement showing particulars of claims by an employee for
deduction of tax under section 192
1.
Name and address of the employee:
2.
Permanent Account Number of the employee:
3.
Financial year:
Details of claims and evidence thereof
|
|||
Sl.
No.
|
Nature
of claim
|
Amount
(Rs.)
|
Evidence
/ particulars
|
(1)
|
(2)
|
(3)
|
(4)
|
1.
|
House
Rent Allowance:
(i) Rent paid to the landlord
(ii) Name of the landlord
(iii) Address of the landlord
(iv) Permanent Account Number of the landlord
Note: Permanent Account Number shall be furnished if the
aggregate rent paid during the previous year exceeds one lakh rupees
|
||
2.
|
Leave
travel concessions or assistance
|
||
3.
|
Deduction
of interest on borrowing:
(i) Interest payable/paid to the lender
(ii)Name of the lender
(iii) Address of the lender
(iv) Permanent Account Number of the lender
(a) Financial Institutions(if available)
(b) Employer(if available)
(c) Others
|
||
4.
|
Deduction
under Chapter VI-A
(A) Section 80C,80CCC and 80CCD
(i) Section 80C
(a) ……………..
(b) ……………..
(c) ……………..
(d) ……………..
(e) ……………..
(f) ……………..
(g) ……………..
(ii) Section 80CCC
(iii) Section 80CCD
(B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter
VI-A.
(i) section……………….
(ii) section……………….
(iii) section………………
(iv) section……………….
(v) section……………….
|
||
Verification
|
|||
I,…………………..,son/daughter
of……………………….. do hereby certify that the information given above is complete
and correct.
|
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Place………………………………………….
|
|||
Date……………………………………………
|
(Signature
of the employee)
|
||
Designation
……………………………….….
|
Full
Name:………………”;
|
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