1(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 authority or 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..
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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).
Section 200A Processing of statements of tax deducted at source
Section 201 Consequences of failure to deduct or pay
Section 202 Deduction only one mode of recovery
Section 203 Certificate for tax deducted
Section 203A Tax deduction and collection account number
Section 203AA Furnishing of statement of tax deducted
Section 204 Meaning of person responsible for paying
Section 205 Bar against direct demand on assessee
Section 206 Persons deducting tax to furnish prescribed returns
Section 206AA Requirement to furnish Permanent Account Number