Changes in procedural law
Q: What are the proposals regarding procedural law?
A: There are a number of changes in procedure. Lack of need for separate identification numbers as a deductor of tax at source (TAN) and as a collector of tax at source (TCN) is now recognised. Sec. 203A is proposed to be amended providing for a common tax deduction/ collection number, dispensing with a separate registration for TCN under Sec. 206CA.
Sec. 139(9) and 203 are being amended with a new Sec. 203AA dispensing with the need for filing tax deduction certificates along with the return. This will come into effect from April 1, 2005 as a step towards dematerialisation of work relating to tax deduction at source.
Sec. 200 proposes to require a quarterly statement of tax deducted for each quarter to the prescribed authority or any person authorised by such authority in respect of tax deducted by an employer for tax deductions on or after April 1, 2005. This has to be done after payment of tax so deducted.
(To be continued)
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