Rule 218 - Time and mode of payment of deducted or collected tax

TDS/TCS payment mode and timing. 218. (1) All sums deducted or collected under Chapter XIX-B, or treated as deductible under section 392(2), by a Government office, shall be credited to the Central Government on the same day where paid without an income-tax challan, or within seven days from the end of the month of deduction/collection (or the date tax is due under section 392(2)(a)) where paid with a challan. (2) All such sums deducted or collected by deductors or collectors other than a Government office shall be credited to the Central Government on or before 30 April, where the relevant credit, payment, debit, or receipt occurred in March, or otherwise within seven days from the end of the month of deduction, collection, or the due date under section 392(2)(a). (3) Notwithstanding sub-rules (1) and (2), tax deducted under section 393(1) on rent (Table: Sl. No. 2(i)), consideration for transfer of immovable property other than agricultural land (Table: Sl. No. 3(i)), payments for work/professional fees/commission or brokerage other than insurance commission (Table: Sl. No. 6(ii)), or consideration for transfer of a virtual digital asset (Table: Sl. No. 8(vi)), shall be paid within thirty days from the end of the month of deduction, accompanied by a challan-cum-statement in Form No. 141. (4) Notwithstanding sub-rule (2), the Assessing Officer may, with the Joint Commissioner's prior approval, permit quarterly payment (in special cases) of tax deducted under section 392(1) or specified categories of section 393(1), by the following dates: for the quarter ended 30 June, by 7 July; for the quarter ended 30 September, by 7 October; for the quarter ended 31 December, by 7 January; and for the quarter ended 31 March, by 30 April. (5) Where a Government office pays tax without a challan, the Pay and Accounts Officer, District Treasury Officer, Cheque Drawing and Disbursing Officer, or equivalent responsible for crediting the sum shall submit a statement in Form No. 137 to the Director General of Income-tax (Systems) or an authorised person. (6) That statement shall be furnished by 30 April for the month of March, or otherwise within fifteen days from the end of the relevant month. (7) The persons referred to in sub-rule (5) shall intimate the Book Identification Number generated by the Director General of Income-tax (Systems) to each deductor or collector whose deducted/collected sum has been so credited. (8) Those persons shall obtain an Account Office Identification Number (AIN) by filing Form No. 136, for the purpose of filing Form No. 137. (9) Tax deposited with an income-tax challan shall be remitted into any branch of the Reserve Bank of India, the State Bank of India, or any authorised bank. (10) Tax deposited by persons referred to in rule 333, or via a challan-cum-statement under sub-rule (3), shall be remitted electronically to the Reserve Bank of India, the State Bank of India, or an authorised bank. (11) The Director General of Income-tax (Systems) shall specify the procedure, formats and standards for such electronic remittance and shall be responsible for its day-to-day administration.