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

Kaveri Traders collected tax at source under section 394(1) from a buyer, Rohit, during a tax year. The statement of tax collected at source under rule 219 is due on a particular date. Under Rule 215 of the Income-tax Rules, 2026, what is the correct position about the certificate to Rohit?

Form 133 must be furnished, within fifteen days from the due date for furnishing the statement of tax collected at source under rule 219. Rule 215 assigns Form 133 to collection under section 394(1), while Forms 130, 131 and 132 relate to deduction or payment cases.

  1. AForm 133, within fifteen days from the due date for furnishing the statement of tax collected at source under rule 219Correct
  2. BForm 131, within fifteen days from the due date for furnishing the statement under rule 219
  3. CForm 130, by the 15th June of the following financial year
  4. DForm 132, within fifteen days from the due date for furnishing challan-cum-statement in Form No. 141

Explanation

Table Sl. No. 4 of Rule 215(1) provides that collection under section 394(1) is certified in Form 133 within fifteen days from the due date for the statement of tax collected at source under rule 219. Form 131 applies to deductions under 392(7), 393(1) (other than specified entries), 393(2) and (3), so it is wrong here.

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