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New TDS rules wef 1st April 2010

The Central Board of Direct Taxes has amended the rules 30, 31,31A and 31AA, regarding the TDS provisions by vide notification no.41/2010 dated 31.05.2010.This amended rules will be applicable from 1st April 2010.

One of the major changes brought about in the notification is in respect of payment of tax deducted at source on income or amount credited or paid in the month of March in which case tax deducted is to be paid on or before 30th day of April. Earlier it was 31st May

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