TDS return under digital signature optional, new forms & rule to claim refund

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Certain changes with regard to the compliance to be made in respect of TDS and TCS, has been made vide CBDT notification No. 11/2013 dated 19.02.2013. A summary of the same is as follows:-

1) All statements to be furnished in Form nos. 24Q, 27Q and 26Q shall be furnished electronically with option to furnish it under a digital signature;

2) Deductor can file statement in the new Form 26B to claim refund of the sum paid to the Central Government under Chapter XVII-B, provided:

1. The credit of such sum has not been claimed by the deductor;
2. No demand is outstanding against deductor

3) Following forms have been substituted:

1. Form 15G – Declaration to be given for claiming certain receipts without TDS
2. Form 15H – Declaration to be given by an Individual, who is above 60 years of age, for claiming certain receipts without TDS
3. Form 16 – Certificate of tax deduction from salary
4. Form 16A – Certificate for tax deduction from any other payment
5. Form 27C – Declaration to be given for obtaining goods without collection of tax
6. Form 27D – Certificate for tax collected at source
7. Form 27EQ – Quarterly statement for tax collected at source
8. Form 27Q – Quarterly statement for tax deducted at source