Communication
Number 21, dated 15th February, 2014
Deductor
Grievance -Due to inordinate delay in filing Form 24G
As you are aware, it is mandatory
for AOs to file Form No. 24G on monthly basis within the prescribed time.
Based on the particulars reported in Form No. 24G, Book Identification Number
(BIN) is generated and intimated to the respective AOs by TIN Central System.
AOs can download BIN from TIN Portal. AOs are required to intimate the BIN
so generated to the concerned DDOs in respect of whom the sum deducted has
been credited. Subsequently, the BIN is to be reported by the DDOs in the
quarterly TDS/ TCS statements.
In case of delay in filing of Form
No. 24G by the AOs, there would be delay in generation
of BIN and subsequent intimation of the same by the PAOs to the concerned DDOs.
This contributes towards delay in filing of quarterly TDS/ TCS statements
resulting into levy of /s 234E of the I.T. Act (a sum of Two Hundred Rupees for
every day during which the failure continues) on the deductors. Late filing
of TDS statements also results into the TDS Credit not being available to the
deductees (employees / vendors) for claiming the amount of tax already deducted
from the payments made to them besides generating correct TDS Certificates for
them.
From the records it is noticed that
there was an inordinate delay (more than 3 weeks) on your part in
filing of Form No. 24G for various months during current financial year i.e. 2013
- 14. As indicated above this has caused inconvenience to deductors and the
taxpayers.
In view of the above, and the fact
that the due date of filing of Form No. 24G for the month of December, 2013,
which is 10th January, 2014, is approaching fast, you are advised to file Form
No. 24G for the month of December, 2014 well within the due date so that
the DDOs are also able to file there quarterly TDS / TCS Statements for third
quarter of FY 2013 - 14 with in the due time and avoid levy of fee u/s 234E of
the I.T. Act.
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