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CA Final · Direct Tax Laws & International Taxation · Basic Concepts

Gupta Traders collected tax from a buyer under section 394(1). Under Rule 215 of the Income-tax Rules, 2026, the certificate is issued in Form 133. The statement of tax collected at source under rule 219 is due on 15 July. What is the latest date for furnishing the certificate?

The certificate in Form 133 must be furnished by 30 July. Rule 215 allows fifteen days from the due date of the statement of tax collected at source, which is 15 July here, so the deadline is fifteen days later.

  1. A15 June of the following financial year
  2. B15 July, the same date as the statement
  3. C30 July, being fifteen days after the due date of the statementCorrect
  4. D15 August, being thirty days after the due date of the statement

Explanation

Table Sl. No. 4 prescribes Form 133 for collection under section 394(1), to be furnished within fifteen days from the due date for furnishing the statement of tax collected at source. Fifteen days after 15 July is 30 July. The 15 June date applies only to Form 130 for salary-type deductions.

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