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TMI BlogIncome-tax (First Amendment) Rules, 2010X X X X Extracts X X X X X X X X Extracts X X X X ..... , section 196A , section 196B , section 196C and section 196D shall be paid to the credit of the Central Government- (a) in the case of deduction by or on behalf of the Government, on the same day; (b) in the case of deduction by or on behalf of persons other than those mentioned in clause (a),- (i) in respect of sums deducted in accordance with the provisions of section 193 , section 194A , section 194C , section 194D , section 194E , section 194G , section 194H , section 194-I , section 194J , section 195 , section 196A , section 196B , section 196C and section 196D - (1) where the income by way of interest on securities referred to in section 193 or the income by way of interest referred to in section 194A or the sum referred to in section 194C or the income by way of insurance commission referred to in section 194D or the payment to non-resident sportsmen or sports associations referred to in section 194E or the income by way of commission, remuneration or prize on sale of lottery tickets referred to in section 194G or the income by way of commission or brokerage referred to in section 194H or the income by way of rent referred to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any branch of the Reserve Bank of India or of the State Bank of India or of any authorized bank accompanied by an income-tax challan : Provided that where the deduction or payment, as the case may be, is made by or on behalf of Government, the amounts shall be credited within the time and in the manner aforesaid without the production of a challan. (3) The person responsible for making deduction under sections 193 , 194 , 194A , 194B , 194BB , 194C , 194D , 194E , 194EE , 194F , 194G , 194H , 194-I , 194J , 194K , 195 , 196A , 196B , 196C and 196D shall pay the amount of tax so deducted to the credit of the Central Government by remitting it within the time prescribed in sub-rule (1) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorized bank accompanied by an income-tax challan, provided that where the deduction is made by or on behalf of Government the amount shall be credited within the time and in the manner aforesaid without the production of a challan. Certificate of tax deducted at source or tax paid under sub-section (1A) of section 192 . 31. (1) The certificate of deduction of tax at source or, th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are made, the certificate under sub-rule (1) shall be issued within a week after the expiry of two months from the month in which income is so credited : Provided further that the certificate in the case of deduction of tax under sub-section (1) of section 192 or, payment of tax by the employer on behalf of the employee, under sub-section (1A) of that section or section 194D may be furnished within one month from the close of the financial year in which such deduction was made : Provided also that the certificate in cases, other than those mentioned in the second proviso, where payment of income-tax deducted is permitted quarterly in accordance with clause (a) of the proviso to clause (b) of sub-rule (1) of rule 30 may be furnished within fourteen days from the date of payment of income- tax: Provided also that where more than one certificate is required to be furnished to a payee for deductions of income-tax made during a financial year, the person deducting the tax, may on request from such payee, issue within one month from the close of such financial year a consolidated certificate in Form No. 16A for tax deducted during whole of such financial year. (3) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acity): Provided also that a person responsible for deducting tax at source from the payments referred to in rule 37A shall furnish quarterly statements in accordance with the provisions of rule 37A and rule 37B . (2) The person responsible for deducting tax at source and preparing quarterly statements shall,- (i) quote his tax deduction and collection account number (TAN) and permanent account number (PAN) in the quarterly statement: Provided that the permanent account number shall not be required to be quoted where tax has been deducted by or on behalf of the Government; (ii) quote the permanent account number of all persons in respect of whose income, tax has been deducted: Provided that the permanent account number shall not be quoted in respect of the persons to whom the second proviso to sub-section (5B) of section 139A of the Act applies; (iii) furnish particulars of the tax paid to the Central Government. (3) The person responsible for deducting tax at source and preparing quarterly statements on computer media shall, in addition to the provisions in sub-rule (2),- (i) prepare the quarterly statement as per the data structure provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ROM of 650 MB capacity). (2) The person responsible for collecting tax at source and preparing quarterly statements shall,- (i) quote his tax deduction and collection account number (TAN) and permanent account number (PAN) in the quarterly statement: Provided that the permanent account number shall not be required to be quoted where tax has been collected by or on behalf of the Government; (ii) quote the permanent account number of all persons in respect of whose income, tax has been collected; (iii) furnish particulars of the tax paid to the Central Government. (3) The person responsible for collecting tax at source and preparing quarterly statements on computer media shall, in addition to the provisions in sub-rule (2),- (i) prepare the quarterly statement as per the data structure provided by the e-filing Administrator designated by the Board for the purposes of administration of Electronic Filing of Returns of Tax Collected at Source Scheme, 2005 supported by a declaration in Form No. 1 [27A] in paper format: Provided that in case any compression software has been used for preparing the quarterly statement on computer media, such compression software ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oduction of a challan. Certificate for collection of tax at source under section 206C (5) . 37D. (1) The certificate of collection of tax at source under sub-section (5) of section 206C to be furnished by any person collecting tax at source under sub-section (1) or sub-section (1C) of that section shall be in Form No. 27D . (2) The certificate referred to in sub-rule (1) shall be furnished within a period of one month from the end of the month during which the amount is debited to the account of the buyer or licensee or lessee or payment is received from the buyer or licensee or lessee, as the case may be: Provided that where more than one certificate is required to be furnished to a buyer or licensee or lessee for tax collected at source in respect of the period ending on the 30th September and the 31st March in each financial year, the person collecting the tax, may on request from such buyer or licensee or lessee, issue within one month from the end of such period, a consolidated certificate in Form No. 27D for tax collected during whole of such period. (3) Where in a case, the certificate for tax collected at source issued under this rule is lost, the per ..... X X X X Extracts X X X X X X X X Extracts X X X X
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