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Notification of Form 26QE and Form 16E for TDS deduction under section 194S of the Income tax act

On 22nd June 2022, the Central Board of Direct Taxes (CBDT) has notified the Income Tax (19th Amendment) Rules 2022 in which the procedures related to the deduction and payment of TDS and issuance of TDS certificate under section 194S has been notified vide Notification No. 67/2022 – Income tax.

According to the Notification, the specified person who is required to deduct the TDS under section 194S shall have to deposit the TDS within 30 days from the end of the month in which the TDS deduction has been made. The payment shall be made through Form No. 26QE.

After the deposit of the TDS into the credit of the central government, the  specified person shall issue the Form 16E for the TDS deducted under section 194S within 15 days from the end of the due date of furnishing Form No. 26QE.

The detailed formats of Form 26QE, Form 16E, Form 26Q, Form 26QB, Form 26QC and Form 26QD have been notified in the said notification.

To view and download the Notification, click here

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