TMI BlogIncome-tax (16th Amendment) Rules, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... July, 2020, namely:- (ix) furnish particulars of amount paid or credited on which tax was not deducted or deducted at lower rate in view of the notification issued under second proviso to section 194N or in view of the exemption provided in third proviso to section 194N or in view of the notification issued under fourth proviso to section 194N ; (c) after clause (ix), the following clauses shall be inserted, namely:-- (x) furnish particulars of amount paid or credited on which tax was not deducted or deducted at lower rate in view of the notification issued under sub-section (5) of section 194A. (xi) furnish particulars of amount paid or credited on which tax was not deducted under sub-section (2A) of section 194LBA. (xii) furnish particulars of amount paid or credited on which tax was not deducted in view of clause (a) or clause (b) of sub-section (1D) of section 197A. (xiii) furnish particulars of amount paid or credited on which tax was not deducted in view of the exemption provided to persons referred to in Board Circular No. 3 of 2002 dated 28th June 2002 or Board Circular No. 11 of 2002 dated 22nd November 2002 or Board Circular No. 18 of 2017 dated 29th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 Total Amount of cash withdrawal in excess of ₹ 1 crore as referred to in section 194N (in cases not covered by the first proviso to section 194N) Amount of cash withdrawal which is in excess of ₹ 20 lakhs but does not exceed ₹ 1 crore for cases covered by sub-clause (a) of clause (ii) of first proviso to section 194N Amount of cash withdrawal which is in excess of ₹ 1 crore for cases covered by sub-clause (b) of clause (ii) of first provis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A. 3. Write C if deduction is on higher rate on account of non-furnishing of PAN by the deductee/payee. 4. Write D if no deduction or lower deduction is on account of payment made to a person or class of person on accont of notification issued under sub-section (5) of section 194A. 5. Write E if no deduction is on account of payment being made to a person referred to in Board Circular no. 3 of 2002 dated 28th June, 2002 or Board Circular no. 11 of 2002 dated 22nd November, 2002 or Board Circular no. 18 of 2017 dated 28th May, 2017. 6. Write Y if no deduction is on account of payment below threshold limit specified in the Income-tax Act, 1961. 7. Write T if no deduction is on account of deductee/payee being transporter. PAN of deductee/payee is mandatory [section 194C (6)]. 8. Write Z if no deduction or lower deduction is on account of payment being notified under section 197A (1F). 9. Write M if no deduction or lower deduction is on account of notification issued under second proviso to section 194N.* 10. Write N if no deduction or lower deduction is on account of payment made to a person referred to in the third proviso to se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ensation on acquisition of certain immovable property 4LA 194LBA(a) Certain income in the form of interest from units of a business trust to a residential unit holder 4BA1 194LBA(b) Certain income in the form of dividend from units of a business trust to a resident unit holder 4BA2 194LB Income in respect of units of investment fund LBB 194LBC Income in respect of investment in securitization trust LBC 194N Payment of certain amounts in cash 94N 194N First proviso* Payment of certain amounts in cash to non-filers 94N-F #194-O Payment of certain sums by e-commerce operator to e-commerce participant 94O (II) in form 27Q -- (a) for the brackets, words, figures and letters [See sections 194E, 194LB, [194LBA, 194LBB, 194LBC], 194LC, 195, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 3 Total Amount of cash withdrawal which is in excess of ₹ 1 crore for cases covered by sub-clause (b) of clause (ii) of first proviso to section 194N * Amount paid or credited Tax Surcharge Education Cess Total tax deducted [722+ 723 + 724] Total tax deposited Date of deduction (dd/mm /yyyy) Rate at which deducted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Verification I, ............................................................................................................................., hereby certify that all the particulars furnished above are correct and complete. .................................................................................................... ................................. Place: .............................. Signature of the person responsible for deducting tax at source Date: ............................................................................ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and Government securities. 4LD 194N Payment of certain amounts in cash 94N 194N First Proviso* Payment of certain amount in cash to non-filers. 94N-F 195 Other sums payable to a non-resident 195 196A Income in respect of units of Non-Residents 96A 196B Payments in respect of Units to an Offshore Fund 96B 196C Income from Foreign Currency Bonds or shares of Indian Company payable to Non-Resident 96C 196D Income of foreign institutional investors from securities 96D 9. In case of deductees covered under rule 37BC, Permanent Account Number or Aadhaar Number NOT AVAILABLE should be mentioned. *in relation to section 194N, the changes shall come into effect from 1st July, 2020. #in relation to section 194-O, the changes shall co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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