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CA Final · Direct Tax Laws & International Taxation · Deduction, Collection and Recovery of Tax

Kaveri Industries Ltd deducted tax under section 392 (other than section 392(7)) from salary payments for the quarter ended 30 September. Under Rule 219 of the Income-tax Rules, 2026, which Form is used and what is the due date for the quarterly statement?

Form No. 138 is used, and the statement is due by 31st October. Rule 219 prescribes Form 138 for tax deducted under section 392 other than 392(7), and the quarter ending 30 September has 31 October as its due date.

  1. AForm No. 143, due 31st October
  2. BForm No. 140, due 31st October
  3. CForm No. 138, due 31st OctoberCorrect
  4. DForm No. 138, due 31st January

Explanation

Rule 219(1) Table Sl. No. 1 prescribes Form No. 138 for section 392 other than 392(7). Under Rule 219(4), the quarter ending 30 September has the due date of 31 October. Form No. 140 relates to section 392(7) and 393 cases, and Form No. 143 to section 394(1).

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