Amendment to section 200

Section 200(3) provides that any person deducting tax has to
furnish, within the prescribed time, quarterly statements for
the period ending on June 30, September 30, December 31
and March 31 in each financial year. Similarly, filing of
quarterly returns for tax collection at source (TCS) has been
provided in section 206C(3). Further, section 206A provides
for furnishing of quarterly return in respect of payment of
interest to residents without deduction of tax.
In order to provide administrative flexibility in deciding the
periodicity of such TDS/TCS related statements, the existing
provisions have been modified with effect from October 1,
2009 so as to allow the Government to prescribe periodicity
of such TDS statements besides prescribing their form and
manner.