Tax Deduction at source - amendments
As per the first proviso to Rule 31A of the Income Tax Rules,
the person responsible for deducting tax at source in the case of every office of Government and the principal officer in the case of every company responsible for deducting tax at source shall deliver or cause to be delivered such quarterly statements on computer media (3.5"1.44 MB floppy diskette or CD-ROM of 650 MB capacity)
Now this is amended to
Provided that where,-
(a) the deductor is an office of Government: or
(b) the deductor is a company; or
(c) the deductor is a person required to get his accounts audited under section 44AB in the immediately preceding financial year; or
(d) the number of deductees records in a quarterly statement for any quarter of the immediately preceding financial year is equal to or more than fifty,
the person responsible for deducting tax at source, and the principal officer in the case of a company shall deliver or cause to be delivered such quarterly statements on computer media (3.5 1.44 MB floppy diskette or CD-ROM of 650 MB capacity):;
They are still talking of floppies!
NOTIFICATION NO. , Dated: August 30, 2007