Form 141: Challan-cum-statement for specified tax deductions under section 393(1)

218. Time and mode of payment to Government account of tax deducted or collected at source or tax paid under section 392(2)(a). — (1) All sums deducted or collected under the provisions of Chapter XIX -B of the Act or construed as deductible under section 392(2), by an office of the Government, shall be paid to the credit of the Central Government— (a) on the same day, where the tax is paid without production of an income-tax challan; and (b) on or before seven days from the end of the month in which the deduction or collection is made or income-tax is due under section 392(2)(a), where tax is paid accompanied by an income -tax challan. (2) All sums deducted or collected under the provisions of Chapter XIX -B of the Act by deductors or collectors or construed as deductible under section 392(2), as the case may be, other than an office of the Government, shall be paid to the credit of the Central Government— (a) on or before 30th April, where the income or amount is credited or paid, or debited or received in the month of March; and (b) in any other case, on or before seven days from the end of the month in which — (i) the deduction or collection is made; or (ii) income-tax is due under section 392(2)(a). (3) Irrespective of anything contained in sub -rules (1) and (2), where any sum is deducted under section 393(1) in respect of following nature of income or sum,— (a) any income by way of rent (section 393(1) [Table: Sl. No. (2)(i)]); or (b) any consideration for transfer of any immovable property (other than agricultural land) (section 393(1) [Table: Sl. No. (3)(i)]); or (c) any sum– (i) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract; or (ii) by way of fees for professional services; or (iii) by way of commission [not being insurance commission referred to in section 393(1) [Table: Sl. No. (1)(i)] or brokerage, section 393(1) [Table: Sl. No. (6)(ii)]; (d) a ny sum by way of consideration for transfer of a virtual digital asset (section 393(1) [Table: Sl. No. (8)(vi)]); the payment of such sum to the credit of the Central Government, shall be made within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan -cum-statement in Form No. 141. (4) Irrespective of anything contained in sub -rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner of Income-tax, permit quarterly payment of the tax deducted under section 392(1) or 393(1) [Table: Sl. Nos. (1)(i) and (ii), and 5(ii) and (iii)] for the quarters of the tax year specified to in column B of the following Table by the date referred to in column C of thereof: Table Sl. No. Quarter of the financial year ended on Date for quarterly payment A B C 1. 30th June. 7th July. [PDF PAGE 162] 1694 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 2. 30th September. 7th October. 3. 31st December. 7th January. 4. 31st March. 30th April. (5) In the case of an office of the Government, where tax has been paid to the credit of the Central Government without the production of a challan,— (a) the Pay and Accounts Officer or the District Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person, by whateve r name called, to whom the deductor or collector reports the tax so deducted or collected and who is responsible for crediting such sum to the credit of the Central Government, shall submit a statement in Form No. 137; and (b) such statement shall be submitted to the Director General of Income -tax (Systems) or any other person authorised by him. (6) Statement referred to in sub-rule (5) shall be furnished— (a) on or before the 30th April, where the statement relates to the month of March; and (b) in any other case, on or before fifteen days from the end of relevant month. (7) The persons referred to in sub -rule (5), shall intimate the number (herein referred to as the Book Identification Number), generated by the Director General of Income -tax (Systems), or any other person authorised by him, to each of the deductors or collectors in respect of whom the sum deducted or collected has been credited. (8) The persons referred to in sub-rule (5), shall–– (a) obtain an Account Office Identification Number (AIN) for filing Form No. 137; (b) file Form 136 for obtaining Account Office Identification Number (AIN); (9) Where tax is to be deposited along with an income -tax challan, it shall be remitted into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank. (10) Where tax is to be deposited along with an income -tax challan by persons referred to in rule 333 or where tax is to be deposited along with by an income -tax challan cum statement in accordance with sub -rule (3), i t shall be remitted electronically into the Reserve Bank of India or the State Bank of India or any authorised bank. (11) The Director General of Income -tax (Systems), shall specify the procedure, formats and standards for the purposes of remitting the amo unt electronically to the Reserve Bank of India or the State Bank of India or any authorised bank, and shall be responsible for the day -to-day administration in relation to the remitting of the amount electronically in the manner so specified.

219. State ment of deduction or collection of tax at source under section 397(3)(b): — (1) Every person responsible for deduction of tax or collection of tax at source under Chapter XIX -B of the Act with respect to the sections referred in column B of the following Ta ble, shall, as per section 397(3)(b), deliver, or cause to be delivered, to the Director General of Income-tax (Systems) or the person authorised by him, the quarterly statements in the Form as referred to in column C thereof: Table Sl. No. Section under which tax deducted, paid or collected Form A B C 1 Section 392 [other than section 392(7)] and section 393(1) [Table: Sl. No. 8(iii)]. 138. 2 Sections 392(7), 393(2) and 393(3), in respect of the deductee who is a non -resident, not being a company or a foreign company or a resident but not ordinarily resident. 144. 3 Sections 392(7), 393(1) (other than [Table: Sl. No. 8(iii)]) and 393(3), in respect of the deductee other than the deductee referred to in Sl. No. 2. 140. 4 Section 394(1). 143. (2) Where under the guidelines issued under section 400(2) read with section 393(1) [Table: Sl. No. (8)(vi)], the exchange has agreed to pay tax in relation to a transaction of transfer of a virtual digital asset, owned by it, as an alternative to tax required to be deducted by the buyer of such asset under section 393(1) [Table: Sl. No.(8)(vi)], the exchange shall deliver or cause to be delivered, a quarterly statement of such transactions in Form No. 142. (3) The exchange referred to in sub -rule (2) shall, a t the time of preparing the quarterly statement in Form No. 142, furnish particulars of the amount paid or credited, on which tax was not deducted in accordance with guidelines issued under section 400(2). [PDF PAGE 163] [भाग II—खण्‍ ड 3(i)] भारत‍का‍राजपत्र‍:‍असाधारण 1695 (4) The statements referred to in sub -rules (1) an d (2) for the quarter of the financial year ending with the date specified in column B of the following Table shall be furnished by the due date specified in the corresponding entry in column C thereof: Table Sl. No. Date of ending of quarter of financial year Due date A B C 1. 30th June. 31st July of the financial year. 2. 30th September. 31st October of the financial year. 3. 31st December. 31st January of the financial year. 4. 31st March. 31st May of the financial year immediately following the tax year in which the deduction or collection, as the case may be, is required to be made. (5) Irrespective of anything contained in sub -rule (1) or (2) or (4), a challan -cum-statement in Form No. 141 shall be furnished within thirty days from the end of th e month in which the deduction is made by the person responsible for deduction of tax under the following sections: (a) section 393(1) [Table Sl. No. (2)(i)]; (b) section 393(1) [Table Sl. No. (3)(i)]; (c) section 393(1) [Table Sl. No. (6)(ii)]; and (d) section 393(1) [Table Sl. No. (8)(vi)]. (6) A claim for refund, for the sum paid to the credit of the Central Government under Chapter XIX -B of the Act shall be furnished by the deductor in Form No. 139. (7) In cases, where the trustees of an approved superannuation fund pay any contributions made by an employer, including interest on such contributions, to an employee during his life -time, they shall send within two months from the end of the financial year to the Director General of Income -tax (System s) or the person authorised by him, a statement giving the following particulars:— (a) name of the superannuation fund; (b) name and address of the employee; (c) the period for which the employee has contributed to the superannuation fund; (d) the amount of contribution repaid on account of principal and interest; (e) the average rate of deduction of tax during the preceding three years; and (f) the amount of tax deducted on repayment. (8) A duly-signed verification in the following Form shall be annexed to the statement referred to in sub-rule (1): FORM OF VERIFICA TION We/I, the trustee(s) of the above named fund, do declare that what is stated in the above statement is true to the best of our/my information and belief. (9) For the purposes of sub-rule (2),— (a) "exchange" means a person that operates an application or platform for transfer of virtual digital assets, which matches buy and sell trades and execute the same on their application or platform; and (b) "virtual digital asset" shall have meaning assigned to it in section 2(111).