Section 25 - Insertion of New Section 206B - Finance (No. 2) Act, 1977

25. Insertion of New Section 206B In the Income-tax Act, after section 206A and before the heading C. - Advance payment of tax , the following section shall be inserted with effect from the 1st day of October, 1977, namely :- 206B. Person paying dividend to certain residents without deduction of tax to furnish prescribed return. - Any person responsible for paying any dividend referred to in section 194 shall prepare, and within thirty days from the 31st day of March in each year, deliver or cause to be delivered to the Income-tax Officer in the prescribed form and verified in the prescribed manner, a return in writing showing - (a) the name and address of every person who has furnished to him a statement under the first proviso to section 194; (b) the amount of the divided paid or distributed during the financial year to each such person; and (c) such other particulars as may be prescribed.