law: The Income-Tax Act, 1961
  2[206. Persons deducting tax to furnish prescribed returns.-
  3[(1)] The prescribed personin the case of every office of Government, the principal officer in the case of every company, the prescribed personin the case of every local authority or other public body or association, every private employer and every other person 4[responsible for deducting tax before the 1st day of April, 2005] under the foregoing provisions of this Chapter 5[shall, within the prescribed time after the end of each financial year, prepare and deliver or cause to be delivered] to the 6[prescribed income-tax authorityor such other authority or agency as may be prescribed], such returns in such form and verified in such manner and setting forth such particulars as may be prescribed:]
  7[Provided that the Board may, if it considers necessary or expedient so to do, frame a scheme for the purposes of filing such returns with such other authority or agency referred to in this sub-section.]
  8[(2) Without prejudice to the provisions of sub-section (1), the person responsible for deducting tax under the foregoing provisions of this Chapter 9[other than the prescribed person in the case of every office of the Government andthe principal officer in the case of every company] may, at his option, deliver or cause to be delivered such return to the prescribed income-tax authority in accordance with such scheme as may be specified by the Board in this behalf, by notification in the Official Gazette, and subject to such conditions as may be specified therein, on or before the prescribed time after the end of each financial year, on a floppy, diskette, magnetic cartridge tape, CD-ROM or any other computer readable media (hereinafter referred to as the computer media) and in the manner as may be specified in that scheme:
  10[Provided that the prescribed person in the case of every office of Government and the principal officer in the case of every company responsible for deducting tax under the foregoing provisions of this Chapter shall, deliver or cause to be delivered, within the prescribed time after the end of each financial year, such returns on computer media under the said scheme.]
  (3) Notwithstanding anything contained in any other law for the time being in force, a return filed on computer media shall be deemed to be a return for the purposes of this section and the rules made thereunder and shall be admissible in any proceedings thereunder, without further proof of production of the original, as evidence of any contents of the original or of any fact stated therein.
  (4) Where the Assessing Officer considers that the return delivered or caused to be delivered under sub-section (2) is defective, he may intimate the defect to the person responsible for deducting tax or the principal officer in the case of a company, as the case may be, and give him an opportunity of rectifying the defect within a period of fifteen days from the date of such intimation or within such further period which, on an application made in this behalf, the Assessing Officer may, in his discretion, allow; and if the defect is not rectified within the said period of fifteen days or, as the case may be, the further period so allowed, then, notwithstanding anything contained in any other provision of this Act, such return shall be treated as an invalid return and the provisions of this Act shall apply as if such person had failed to deliver the return.]
  1. Subs. by Act 23 of 2004, s. 48, for certain words, figures and letter (w.e.f. 1-10-2004).
  2. Subs. by Act 11 of 1987, s. 56, for section 206 (w.e.f. 1-6-1987).
  3. Section 206 renumbered as sub-section (1) by Act 26 of 1997, s. 52 (w.e.f. 1-4-1997).
  4. Subs. by Act 21 of 2006, s. 46, for "responsible for deducting tax" (w.e.f. 1-4-2006).
  5. Subs. by Act 49 of 1991, s. 62, for "shall prepare, within the prescribed time after the end of each financial year, and deliver or cause to be delivered" (w.e.f. 27-9-1991).
  6. Subs. by Act 23 of 2004, s. 49, for "prescribed income-tax authority" (w.e.f. 1-10-2004).
  7. Ins. by s. 49, ibid. (w.e.f. 1-10-2004).
  8. Subs. by Act 32 of 2003, s. 86, for sub-sections (2) and (3) (w.e.f. 1-6-2003).
  9. Subs. by Act 23 of 2004, s. 49, for "other than the principal officer in the case of every company" (w.e.f. 1-4-2005).
  10. Subs. by s. 49, ibid., for the proviso (w.e.f. 1-4-2005).
  1[206A. Furnishing of quarterlyreturn in respect of payment of interest to residents without deduction of tax.-
  (1) Any banking company or co-operative society or public company referred to in the proviso to clause (i) of sub-section (3) of section 194A responsible for paying to a resident any income 2[not exceeding ten thousand rupees, where the payer is a banking company or a co-operative society, and five thousand rupees in any other case] by way of interest (other than interest on securities), shall prepare 3[such statements for such period as may be prescribed] and deliver or cause to be delivered to the prescribed income-tax authorityor the person authorised by such authority the quarterly returns as aforesaid, in the prescribed form, verified in such manner and within such time as may be prescribed, on a floppy, diskette, magnetic cartridge tape, CD-ROM or any other computer readable media.
  (2) The Central Government may, by notification in the Official Gazette, require any person other than a person mentioned in sub-section (1) responsible for paying to a resident any income liable for deduction of tax at source under Chapter XVII, to prepare and deliver or cause to be delivered 4[such statements] in the prescribed form and verified in such manner and within such time as may be prescribed, to the prescribed income-tax authority or the person authorised by such authority on a floppy, diskette, magnetic cartridge tape, CD-ROM or any other computer readable media.]
  1. Ins. by Act 18 of 2005, s. 52 (w.e.f. 1-6-2005).
  2. Subs. by Act 22 of 2007, s. 60, for "not exceeding five thousand rupees" (w.e.f. 1-6-2007).
  3. Subs. by Act 33 of 2009, s. 68, for "quarterly returns for the period ending on the 30th June, the 30th September, the 31st December and the 31st March in each financial year" (w.e.f. 1-10-2009).
  4. Subs. by s. 68, ibid., for "quarterly returns" (w.e.f. 1-10-2009).
  5[206AA. Requirement to furnish Permanent Account Number.-
  (1) Notwithstanding anything contained in any other provisions of this Act, any person entitled to receive any sum or income or amount, on which tax is deductible under Chapter XVIIB (hereafter referred to as deductee) shall furnish his Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rates, namely:-
  (i) at the rate specified in the relevant provision of this Act; or
  (ii) at the rate or rates in force; or
  (iii) at the rate of twenty per cent.
  (2) No declaration under sub-section (1) or sub-section (1A) or sub-section (1C) of section 197A shall be valid unless the person furnishes his Permanent Account Number in such declaration.
  (3) In case any declaration becomes invalid under sub-section (2), the deductor shall deduct the tax at source in accordance with the provisions of sub-section (1).
  (4) No certificate under section 197 shall be granted unless the application made under that section contains the Permanent Account Number of the applicant.
  (5) The deductee shall furnish his Permanent Account Number to the deductor and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
  (6) Where the Permanent Account Number provided to the deductor is invalid or does not belong to the deductee, it shall be deemed that the deductee has not furnished his Permanent Account Number to the deductor and the provisions of sub-section (1) shall apply accordingly.]
  6[(7) The provisions of this section shall not apply to a non-resident, not being a company, or to a foreign company, in respect of-
  (i) payment of interest on long-term bonds as referred to in section 194LC; and
  (ii) any other payment subject to such conditions as may be prescribed.]
  5. Ins. by s. 69, ibid. (w.e.f. 1-4-2010).
  6. Subs. by Act 28 of 2016, s. 87, for sub-section (7) (w.e.f. 1-6-2016).
  206B. [Person paying dividend to certain residents without deduction of tax to furnish prescribed return].-Omitted by the Finance (No. 2) Act, 1996(33 of 1996), s. 51(w.e.f. 1-10-1996).
  1[BB.-Collection at source
  206C. Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.-
  2[(1) Every person, being a seller shall, at the time of debiting of the amount payable by the buyer to the account of the buyer or at the time of receipt of such amount from the said buyer in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, collect from the buyer of any goods of the nature specified in column (2) of the Table below, a sum equal to the percentage, specified in the corresponding entry in column (3) of the said Table, of such amount as income-tax:
  3[Table
  (1)
  (2)
  (3)
  5[Provided that every person, being a seller shall at the time, during the period beginning on the 1st day of June, 2003 and ending on the day immediately preceding the date on which the Taxation Laws (Amendment) Act, 2003 comes into force, of debiting of the amount payable by the buyer to the account of the buyer or of receipt of such amount from the said buyer in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, collect from the buyer of any goods of the nature specified in column (2) of the Table as it stood immediately before the 1st day of June, 2003, a sum equal to the percentage, specified in the corresponding entry in column (3) of the said Table, of such amount as income-tax in accordance with the provisions of this section as they stood immediately before the 1st day of June, 2003.]]
  6[(1A) Notwithstanding anything contained in sub-section (1), no collection of tax shall be made in the case of a buyer, who is resident in India, if such buyer furnishes to the person responsible for collecting tax, a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect that the goods referred to in column (2) of the aforesaid Table are to be utilised for the purposes of manufacturing, processing or producing articles or things 4[or for the purposes of generation of power] and not for trading purposes.
  (1B) The person responsible for collecting tax under this section shall deliver or cause to be delivered to the 1[Principal Chief Commissioner or Chief Commissioner] or 2[Principal Commissioner or Commissioner] one copy of the declaration referred to in sub-section (1A) on or before the seventh day of the month next following the month in which the declaration is furnished to him.]
  3[(1C) Every person, who grants a lease or a licence or enters into a contract or otherwise transfers any right or interest either in whole or in part in any parking lot or toll plaza or mine or quarry, to another person, other than a public sector company (hereafter in this section referred to as "licensee or lessee") for the use of such parking lot or toll plaza or mine or quarry for the purpose of business shall, at the time of debiting of the amount payable by the licensee or lessee to the account of thelicensee or lessee or at the time of receipt of such amount from the licensee or lessee in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, collect from the licensee or lessee of any such licence, contract or lease of the nature specified in column (2) of the Table below, a sum equal to the percentage, specified in the corresponding entry in column (3) of the said Table, of such amount as income-tax:
  Table
  (1)
  (2)
  (3)
  4[Explanation 1.-For the purposes of this sub-section, "mining and quarrying" shall not include mining and quarrying of mineral oil.
  Explanation 2.-For the purposes of Explanation 1, "mineral oil" includes petroleum and natural gas.]
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  (1F)Every person, being a seller, who receives any amount as consideration for sale of a motor vehicle of the value exceeding ten lakh rupees, shall, at the time of receipt of such amount, collect from the buyer, a sum equal to one per cent of the sale consideration as income-tax.]
  (2) The power to recover tax by collection under sub-section (1) 3[or sub-section (1C)] 6***shall be without prejudice to any other mode of recovery.
  (3) Any person collecting any amount under sub-section (1) 3[or sub-section (1C) 6***shall pay within 7[the prescribed time] the amount so collected to the credit of the Central Government or as the Board directs:
  8[Provided that the person collecting tax on or after the 1st day of April, 2005 in accordance with the foregoing provisions of this section shall, after paying the tax collected to the credit of the Central Government within the prescribed time, 9[prepare such statements for such period as may be prescribed] and deliver or cause to be delivered to the prescribed income-tax authority, or the person authorised by such authority, such statement in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed.]
  1[(3A) In case of an office of the Government, where the amount collected under sub-section (1) 2[or sub-section (1C)] 3*** has been paid to the credit of the Central Government without the production of a challan, the Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person, by whatever name called, who is responsible for crediting such tax to the credit of the Central Government, shall deliver or cause to be delivered to the prescribed income-tax authority, or to the person authorised by such authority, a statement in such form, verified in such manner, setting forth such particulars and within such time as may be prescribed.
  (3B) The person referred to in the proviso to sub-section (3) may also deliver to the prescribed authority under the said proviso, a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under the said proviso in such form and verified in such manner, as may be specified by the authority.]
  4[(4) Any amount collected in accordance with the provisions of this section and paid to the credit of the Central Government shall be deemed to be a payment of tax on behalf of the person from whom the amount has been collected and credit shall be given to such person for the amount so collected in a particular assessment year in accordance with the rules as may be prescribed by the Board from time to time.]
  (5) Every person collecting tax in accordance with the provisions of this section shall within 5[such period as may be prescribed from the time of debit] or receipt of the amount furnish to the 6[buyer or licensee or lessee] to whose account such amount is debited or from whom such payment is received, a certificate to the effect that tax has been collected, and specifying the sum so collected, the rate at which the tax has been collected and such other particulars as may be prescribed:
  *
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  *
  *
  Provided 8*** that the prescribed income-tax authority or the person authorised by such authority referred to in sub-section (3) shall, within the prescribed time 9[after the end of each financial year beginning on or after the 1st day of April, 2008], prepare and deliver to the buyer referred to in subsection (1) or, as the case may be, to the licensee or lessee referred to in sub-section (1C), a statement in the prescribed form specifying the amount of tax collected and such other particulars as may be prescribed.]
  10[(5A) Every person 11[collecting tax before the 1st day of April, 2005] in accordance with the provisions of this section shall 12[prepare within the prescribed time after the end of each financial year], and deliver or cause to be delivered to the 13[prescribed income-tax authority or such other authority or agency as may be prescribed] such returns in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed:]
  1[Provided that the Board may, if it considers necessary or expedient so to do, frame a scheme for the purposes of filing such returns with such other authority or agency referred to in this sub-section.]
  2[(5B) Without prejudice to the provisions of sub-section (5A), any person collecting tax, other than in a case where the seller is a company, the Central Government or a State Government, may at his option, deliver or cause to be delivered such return to the prescribed income-tax authority in accordance with such scheme as may be specified by the Board in this behalf, by notification in the Official Gazette, and subject to such conditions as may be specified therein, on or before the prescribed time after the end of each financial year, on a floppy, diskette, magnetic cartridge tape, CD-ROM or any other computer readable media (hereinafter referred to as the computer media) and in the manner as may be specified in that scheme:
  Provided that where the person collecting tax is a company or the Central Government or a State Government, such person shall, in accordance with the provisions of this section, deliver or cause to be delivered, within the prescribed time after the end of each financial year, such returns on computer media under the said scheme.
  (5C) Notwithstanding anything contained in any other law for the time being in force, a return filed on computer media shall be deemed to be a return for the purposes of sub-section (5A) and the rules made thereunder and shall be admissible in any proceedings made thereunder, without further proof of production of the original, as evidence of any contents of the original or of any facts stated therein.
  (5D)Where the Assessing Officer considers that the return delivered or caused to be delivered under sub-section (5B) is defective, he may intimate the defect to the person collecting tax and give him an opportunity of rectifying the defect within a period of fifteen days from the date of such intimation or within such further period which, on an application made in this behalf, the Assessing Officer may, in his discretion, allow; and if the defect is not rectified within the said period of fifteen days or, as the case may be, the further period so allowed, then, notwithstanding anything contained in any other provision of this Act, such return shall be treated as an invalid return and the provisions of this Act shall apply as if such person had failed to deliver the return.]
  (6) Any person responsible for collecting the tax who fails to collect the tax in accordance with the provisions of this section, shall, notwithstanding such failure, be liable to pay the tax to the credit of the Central Government in accordance with the provisions of sub-section (3).
  3[(6A) If any person responsible for collecting tax in accordance with the provisions of this section does not collect the whole or any part of the tax or after collecting, fails to pay the tax as required by or under this Act, he shall, without prejudice to any other consequences which he may incur, be deemed to be an assessee in default in respect of the tax:
  4[Provided that any person5***responsible for collecting tax in accordance with the provisions of this section, who fails to collect the whole or any part of the tax on the amount received from a buyer or licensee or lessee or on the amount debited to the account of the buyer or licensee or lessee shall not be deemed to be an assessee in default in respect of such tax if such buyer or licensee or lessee-
  (i) has furnished his return of income under section 139;
  (ii) has taken into account such amount for computing income in such return of income; and
  (iii) has paid the tax due on the income declared by him in such return of income, and the person furnishes a certificate to this effect from an accountant in such form as may be prescribed:]
  1[Provided further that] no penalty shall be charged under section 221 from such person unless the Assessing Officer is satisfied that the person has without good and sufficient reasons failed to collect and pay the tax.]
  (7) Without prejudice to the provisions of sub-section (6), if the 2[person responsible for collecting tax] does not collect the tax or after collecting the tax fails to pay it as required under this section, he shall be liable to pay simple interest at the rate of 3[one per cent.] per month or part thereof on the amount of such tax from the date on which such tax was collectible to the date on which the tax was actually paid 4[and such interest shall be paid before furnishing the quarterly statement for each quarter in accordance with the provisions of sub-section (3)]:
  5[Provided that in case any person6*** responsible for collecting tax in accordance with the provisions of this section, fails to collect the whole or any part of the tax on the amount received from a buyer or licensee or lessee or on the amount debited to the account of the buyer or licensee or lessee but is not deemed to be an assessee in default under the first proviso of sub-section (6A), the interest shall be payable from the date on which such tax was collectible to the date of furnishing of return of income by such buyer or licensee or lessee.]
  (8) Where the tax has not been paid as aforesaid, after it is collected, the amount of the tax together with the amount of simple interest thereon referred to in sub-section (7) shall be a charge upon all the assets of the 2[person responsible for collecting tax].]
  7[(9) Where the Assessing Officer is satisfied that the total income of the 8[buyer or licensee or lessee] justifies the collection of the tax at any lower rate than the relevant rate specified in sub-section (1) 9[or sub-section (1C)] 10***, the Assessing Officer shall, on an application made by the buyer or licensee or lessee in this behalf, give to him a certificate for collection of tax at such lower rate than the relevant rate specified in sub-section (1) 9[or sub-section (1C)] 10***.
  (10) Where a certificate under sub-section (9) is given, the person responsible for collecting the tax shall, until such certificate is cancelled by the Assessing Officer, collect the tax at the rates specified in such certificate.
  (11) The Board may, having regard to the convenience of assessees and the interests of revenue, by notification in the Official Gazette, make rules specifying the cases in which, and the circumstances under which, an application may be made for the grant of a certificate under sub-section (9) and the conditions subject to which such certificate may be granted and providing for all other matters connected therewith.]
  1[Explanation.-For the purposes of this section,-
  2[(a) "accountant" shall have the meaning assigned to it in the Explanation to sub-section (2) of section 288;
  (aa) "buyer" with respect to-
  (i) sub-section (1) means a person who obtains in any sale, by way of auction, tender or any other mode, goods of the nature specified in the Table in sub-section (1) or the right to receive any such goods but does not include,-
  (A) a public sector company, the Central Government, a State Government, and an embassy, a High Commission, legation, commission, consulate and the trade representation, of a foreign State and a club; or
  (B) a buyer in the retail sale of such goods purchased by him for personal consumption;
  *
  *
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  *
  4[(iii) sub-section (1F) means a person who obtains in any sale, goods of the nature specified in the said sub-section, but does not include,-
  (A) the Central Government, a State Government and an embassy, a High Commission, legation, commission, consulate and the trade representation of a foreign State; or
  (B) a local authority as defined in Explanation to clause (20) of section 10; or (C) a public sector company which is engaged in the business of carrying passengers.]
  *
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  *]
  6[(b) "scrap" means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons;]
  (c) "seller" means the Central Government, a State Government or any local authority or corporation or authority established by or under a Central, State or Provincial Act, or any company or firm or co-operative society and also includes an individual or a Hindu undivided family whose total sales, gross receipts or turnover from the business or profession carried on by him exceed the monetary limits specified under clause (a) or clause (b) of section 44AB during the financial yearimmediately preceding the financial year in which the goods of the nature specified in the Table in sub-section (1) 7[are sold].
  1. Ins. by 26 of 1988, s. 40 (w.e.f. 1-6-1988).
  2. Subs. by Act 18 of 1992, s. 79, for sub-section (1) (w.e.f. 1-4-1992). Earlier sub-section (1) amended by Act 3 of 1989, s. 34 (w.r.e.f. 1-6-1988).
  3. Subs. by Act 54 of 2003, s. 9, for the Table (w.e.f. 8-9-2003). Earlier substitution by 18 of 1992, s. 75 (w.e.f. 1-4-1992), as so amended by Act 32 of 2003, s. 86 (w.e.f. 1-6-2003).
  4. Ins. by Act 23 of 2012, s. 81 (w.e.f. 1-7-2012).
  5. Subs. by Act 54 of 2003, s. 9, for the proviso (w.e.f. 8-9-2003).
  6. Ins. by s. 9, ibid. (w.e.f. 8-9-2003).
  1. Subs. by Act 25 of 2014, s. 4, for "Chief Commissioner" (w.e.f. 1-6-2013).
  2. Subs. by s. 4, ibid., for "Commissioner" (w.e.f. 1-6-2013).
  3. Ins. by Act 23 of 2004, s. 50 (w.e.f. 1-10-2004).
  4. The Explanations ins. by Act 22 of 2007, s. 61 (w.e.f. 1-6-2007).
  5. Sub-sections (1D) and (1E) omitted by Act 7 of 2017, s. 72 (w.e.f. 1-4-2017).
  6. The words "or sub-section (1D)" omitted by s. 72, ibid. (w.e.f. 1-4-2017).
  7. Subs. by Act 54 of 2003, s. 9, for "seven days" (w.e.f. 8-9-2003).
  8. Ins. by Act 23 of 2003, s. 50 (w.e.f. 1-4-2005).
  9. Subs. by Act 33 of 2009, s. 70, for "prepare quarterly statements for the period ending on the 30th June, the 30th September, the 31st December and the 31st March in each financial year" (w.e.f. 1-10-2009).
  1. Ins. by Act 20 of 2015, s. 54 (w.e.f. 1-6-2015).
  2. Ins. by Act 23 of 2004, s. 50 (w.e.f. 1-10-2004).
  3. The words "or sub-section (1D)" omitted by Act 7 of 2017, s. 72 (w.e.f. 1-4-2017).
  4. Subs. by Act 18 of 2008, s. 48, for sub-section (4) (w.e.f. 1-4-2008). Earlier inserted by Act 23 of 2004, s. 50 (w.e.f. 1-4-005).
  5. Subs. by Act 54 of 2003, s. 9, for "ten days from the date of debit" (w.e.f. 8-9-2003).
  6. Subs. by Act 23 of 2004, s. 50, for "buyer" (w.e.f. 1-10-2004).
  7. The Proviso omitted by 14 of 2010, s. 44 (w.e.f. 1-4-2010). Earlier provisos inserted by Act 23 of 2004, s. 50 (w.e.f. 1-4-2005).
  8. The words "Provided further" omitted by s. 44, ibid. (w.e.f. 1-4-2010).
  9. Subs. by Act 21 of 2006, s. 47, for "1st day of April, 2006" (w.e.f. 1-4-2005).
  10. Ins. by Act 3 of 1989, s. 34 (w.e.f. 1-4-1989).
  11. Subs. by Act 21 of 2006, s. 47, for "after the end of each financial year" (w.e.f. 1-4-2006).
  12. Subs. by Act 23 of 2004, s. 50, for "prepare half-yearly returns of the period ending on the 30thSeptmebt and 31st March in each financial year" (w.e.f. 1-10-2004).
  13. Subs. by s. 50,ibid., for "prescribed income-tax authority" (w.e.f. 1-10-2004).
  1. Ins. by Act 23 of 2004, s. 50 (w.e.f. 1-10-2004).
  2. Subs. by s. 50, ibid., for sub-sections (5B) and (5C) (w.e.f. . 1-4-2005).
  3. Ins. by Act 21 of 2006, s. 47 (w.e.f. 1-4-2007).
  4. Ins. by Act 23 of 2012, s. 81 (w.e.f. 1-7-2012).
  5. The words ", other than a person referred to in sub-section (1D)," omitted by Act 7 of 2017, s. 72 (w.e.f. 1-4-2017).
  1. Subs. by Act 23 of 2012, s. 81, for "Provided that" (w.e.f. 1-7-2012).
  2. Subs. by Act 21 of 2006, s. 47, for "seller" (w.e..f 1-4-2007).
  3. Subs. by Act 54 of 2003, s. 9, for "one and one-fourth per cent." (w.e.f. 8-9-2003).
  4. Ins. by Act 21 of 2006, s. 47 (w.e.f. 1-6-2006).
  5. Ins. by Act 23 of 2012, s. 81 (w.e.f. 1-7-2012).
  6. The words ", other than a person referred to in sub-section (1D)," omitted by Act 7 of 2017, s. 72 (w.e.f. 1-4-2017).
  7. Ins. by Act 27 of 1999, s. 80 (w.e.f. 1-6-1999).
  8. Subs. by Act 23 of 2004, s. 50, for "buyer" (w.e.f. 1-10-2004).
  9. Ins. by s. 50, ibid. (w.e.f. 1-10-2004).
  10. The words "or sub-section (1D)" omitted by Act 7 of 2017, s. 72 (w.e.f. 1-4-2017).
  1. Ins. by Act 18 of 1992, s. 79 (w.e.f. 1-4-1992).
  2. Subs. by Act 23 of 2012, s. 81, for clause (a) (w.e.f. 1-7-2012).
  3. Sub-clause (ii) omitted by Act 7 of 2017, s. 72 (w.e.f. 1-4-2017).
  4. Ins. by s. 72, ibid. (w.e.f. 1-4-2017).
  5. Clause (ab) omitted by s. 72, ibid. (w.e.f. 1-4-2017).
  6. Subs. by Act 32 of 2003, s. 87, for clause (b) (w.e.f. 1-6-2003).
  7. Subs. by Act 7 of 2017, s. 72, for "or sub-section (1D) are sold or services referred to in sub-section (1D) are provided" (w.e.f. 1-4-2017).
  1[206CA. Tax collection account number.-
  (1) Every person collecting tax in accordance with the provisions of section 206C, shall, within such time as may be prescribed, apply to the Assessing Officer for the allotment of a tax collection account number.
  (2) Where a tax collection account number has been allotted to a person, such person shall quote such number-
  (a) in all challans for the payment of any sum in accordance with the provisions of sub-section (3) of section 206C;
  (b) in all certificates furnished under sub-section (5) of section 206C;
  (c) in all the returns delivered in accordance with the provisions of sub-section (5A) or subsection (5B) of section 206C to any income-tax authority; and
  (d) in all other documents pertaining to such transactions as may be prescribed in the interest of revenue:]
  2[Provided that the provisions of this section shall not apply on or after the 1st day of October, 2004.]
  1. Ins. by Act 20 of 2002, s. 91 (w.e.f. 1-6-2002).
  2. Ins. by Act 23 of 2004, s. 51 (w.e.f. 1-10-2004).
  3[206CB. Processing of statements of tax collected at source.-
  (1) Where a statement of tax collection at source or a correction statement has been made by a person collecting any sum (herein referred to as collector) under section 206C, such statement shall be processed in the following manner, namely:-
  (a) the sums collectible under this Chapter shall be computed after making the following adjustments, namely:-
  (i) any arithmetical error in the statement;
  (ii) an incorrect claim, apparent from any information in the statement;
  (b) the interest, if any, shall be computed on the basis of the sums collectible as computed in the statement;
  (c) the fee, if any, shall be computed in accordance with the provisions of section 234E;
  (d) the sum payable by, or the amount of refund due to, the collector, shall be determined after adjustment of the amount computed under clause (b) and clause (c) against any amount paid under section 206C or section 234E and any amount paid otherwise by way of tax or interest or fee;
  (e) an intimation shall be prepared or generated and sent to the collector specifying the sum determined to be payable by, or the amount of refund due to, him under clause (d); and
  (f) the amount of refund due to the collector in pursuance of the determination under clause (d) shall be granted to the collector:
  Provided that no intimation under this sub-section shall be sent after the expiry of the period of one year from the end of the financial year in which the statement is filed.
  Explanation.-For the purposes of this sub-section, "an incorrect claim apparent from any information in the statement" shall mean a claim, on the basis of an entry, in the statement-
  (i) of an item,which is inconsistent with another entry of the same or some other item in such statement;
  (ii) in respect of rate of collection of tax at source, where such rate is not in accordance with the provisions of this Act.
  (2) The Board may make a scheme for centralised processing of statements of tax collected at source to expeditiously determine the tax payable by, or the refund due to, the collector, as required under subsection (1).]
  3. Ins. by Act 20 of 2015, s. 55 (w.e.f. 1-6-2015).
  1[206CC. Requirement to furnish Permanent Account number by collectee.-
  (1) Notwithstanding anything contained in any other provisions of this Act, any person paying any sum or amount, on which tax is collectible at source under Chapter XVII-BB (herein referred to as collectee) shall furnish his Permanent Account Number to the person responsible for collecting such tax (herein referred to as collector), failing which tax shall be collected at the higher of the following rates, namely:-
  (i) at twice the rate specified in the relevant provision of this Act; or
  (ii) at the rate of five per cent.
  (2) No declaration under sub-section (1A) of section 206C shall be valid unless the person furnishes his Permanent Account Number in such declaration.
  (3) In case any declaration becomes invalid under sub-section (2), the collector shall collect the tax at source in accordance with the provisions of sub-section (1).
  (4) No certificate under sub-section (9) of section 206C shall be granted unless the application made under that section contains the Permanent Account Number of the applicant.
  (5) The collectee shall furnish his Permanent Account Number to the collector and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
  (6) Where the Permanent Account Number provided to the collector is invalid or does not belong to the collectee, it shall be deemed that the collectee has not furnished his Permanent Account Number to the collector and the provisions of sub-section (1) shall apply accordingly.
  (7) The provisions of this section shall not apply to a non-resident who does not have permanent establishment in India.
  Explanation.-For the purposes of this sub-section, the expression "permanent establishment" includes a fixed place of business through which the business of the enterprise is wholly or partly carried on.]
  1. Ins. by Act 7 of 2017, s. 73 (w.e.f. 1-4-2017).