GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT
TAXES
CIRCULAR
NO
07/2014, Dated: March 04,
2014
All
Chief Commissioners of Income-tax All Directors General of Income-tax
Sub: Ex-post facto
extension of due date for filing TDS/TCS statements for FYs 2012-13 and 2013-14
– regarding
The
Central Board of Direct Taxes ('the Board') has received several petitions from
deductors/collectors, being an office of the Government ('Government
deductors'), regarding
delay in filing of TDS/TCS statements due to late
furnishing of the Book Identification Number (BIN) by the Principal Accounts
Officers (PAO) / District Treasury Office (DTO) / Cheque Drawing and Disbursing
Office (CDDO). This has resulted in consequential levy of fees under section
234E of the Income-Tax Act, 1961('the Act').
2.
The matter has been examined. In case of Government deductors, if TDS/TCS is
paid without production of challan, TDS/TCS quarterly statement is to be filed
after obtaining the BIN from the PAOs / DTOs / CDDOs who are required to file
Form 24G (TDS/TCS Book Adjustment Statement) and intimate the BIN generated to
each of the Government deductors in respect of whom the sum deducted has been
credited. The mandatory quoting of BIN in the TDS/TCS statements, in the case of
Government deductors was applicable from 01-04-2010. However, the allotment of
Accounts Officers Identification Numbers (AIN) to the PAOs/ DTOs/CDDOs (a
pre-requisite for filing Form 24G and generation of BIN) was completed in F.Y.
2012-13. This has resulted in delay in filing of TDS/TCS statements by a large
number of Government deductors.
3. In
exercise of the powers conferred under section 119 of the Act, the Board has
decided to, ex-post facto, extend the due date of filing of the TDS/TCS
statement prescribed under sub- section (3) of section 200 /proviso to
sub-section (3) of section 206C of the Act read with rule 31A/31AA of the
Income-tax Rules, 1962. The due date is hereby extended to 31.03.2014 for a
Government deductor and mapped to a valid AIN for -
(i)
FY 2012-13 - 2nd to 4th Quarter
(ii)
FY 2013-14 - 1st to 3rd Quarter
4.
However, any fee under section 234E of the Act already paid by a Government
deductor shall not be refunded.
5.
Timely filing of TDS/TCS statements is essential to ensure timely reconciliation
of Government accounts and for providing tax credit to the assessees while
processing their Income-tax Returns. Therefore, it is clarified that the above
extension is a one time exception in view of the special circumstances referred
to above. Since the Government deductor and the associated PAO/ DTO/ CDDO belong
to the same administrative setup that regulates the clearance of expenditure,
the deductors/collectors may be advised to co-ordinate with the respective
PAO/DTO/CDDO to ensure timely receipt of BIN/filing of TDS/TCS
statements.
6.
This circular may be brought to the notice of all officers for
compliance.
7.
Hindi version shall follow.
F. No.
275/27/2013-IT(B)
(Sandeep Singh)
Under
Secretary to Government of India
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