I.T. (SEVENTEENTH AMDT.) RULES, 2005

Income-tax (Seventeenth Amendment) Rules, 2005 – Insertion of rule 31AC in Part VI and Form No. 26QA in Appendix II to Income-tax Rules, 1962

NOTIFICATION NO. 176/2005 [F.NO. 142/11/2005-TPL], DATED 28-6-2005

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :

  1. (1) These rules may be called the Income-tax (Seven­teenth Amendment) Rules, 2005.

(2) They shall come into force on the date of their publication in the Official Gazette.

  1. In the Income-tax Rules, 1962,—

(a)  in Part VI, after rule 31AB, the following rule shall be inserted, namely :—

“31AC. Quarterly return of non-deduction of tax at source under section 206A.—(1) The quarterly return to be furnished under sub-section (1) or sub-section (2) of section 206A shall be in Form No. 26QA and shall be verified in the manner indicated therein.

(2) The quarterly return referred to in sub-rule (1) shall be furnished,—

(i)  to the Director General of Income-tax (Systems) or the person authorized by the Director General of Income-tax (Systems);

(ii)  on or before the 31st July, the 31st October, the 31st January and the 30th June following the respective quarter of the financial year.”

(b)  In Appendix II, after Form No. 26Q, the following Form shall be inserted, namely :—

“Form No. 26QA

(See Section 206A and rule 31AC)

Quarterly return for the quarter ended June/September/December/March (tick whichever applicable) of the Financial Year………….. in respect of payment of interest to residents without deduction of tax under section 206A

Part A

1.    (a)   Tax Deduction and Collection Account No.(TAN) ……………………………………………………….    (d)   Assessment Year ……………………………………………………….
   (b)   Permanent Account No.(PAN) ……………………………………………………….    (e)   Is this a revised return (Yes/No) ……………………………………………………….
   (c)   Financial Year ……………………………………………………….     (f)   If answer to (e) is ‘Yes’, then Provisional receipt No. of original return ……………………………………………………….
2. Particulars of the Payer :
   (a)   Name ……………………………………………………….
   (b)Branch/Division/Office/Unit ……………………………………………………….
   (c)   Address 🙁i) Flat/Premises No. ……………………………………………………….    (ii)   Name of the premises/building ……………………………………………………….
(iii) Road/Street/Lane ………………………………………………………. (iv) Area/location ……………………………………………………….
(v) Town/City/District ………………………………………………………. (vi) State ……………………………………………………….
(vii) Pin Code ………………………………………………………. (viii) Telephone No. ……………………………………………………….
(ix) E-mail ……………………………………………………….
   (d)   Total amount of interest paid/credited(Part B) ……………………………………………………….
   (e)   Total number of transactions reported(Part B) ……………………………………………………….

Verification

I, …………………………………………………………………………………………., hereby certify that all the particulars furnished are correct and complete.

Place: Signature of the principal officer of the banking company/co-operative society/public company…………………………
Date: Name and designation of the principal officer…………………………………………………………………………………………

(For Office Use)

Receipt No. …………………………. Date : ………………………. Name and signature of the person receiving the quarterly return (with stamp) : …………………………………….

PART B

(on computer media)

Quarterly return for the quarter ended ………….. of the Financial Year ………….. in respect of payment of interest to residents without deduction of tax under section 206A

 (a)  Name of the Payer : ………………………….
 (b)  TAN : ………………………….
  (c)  PAN : ………………………….
 (d)  Address 🙁i) Flat/Premises No. ………………………….  (ii)  Name of the premises/building ………………………….
(iii) Road/Street/Lane ………………………….  (iv)  Area/location ………………………….
(v) Town/City/District ………………………….  (vi)  State ………………………….
(vii) Pin Code …………………………. (viii)Telephone No. ………………………….
(ix) E-mail ………………………….
  (e)  Total amount of interest paid/ credited ………………………….
  (f)  Total number of transactions reported ………………………….
 (g)  Details of the persons and the payments/credits on which tax is not liable to be deducted at source :

 

S. No. Name PAN (Quote PAN wherever PAN is available Mention ‘NA’ where PAN is not available) Date of Birth Amount of Time Deposit/ other Deposit Reference No. Time Deposit/ other Deposit Date of Time Deposit /other Deposit Amount of interest paid/ credited Address of the payee
Flat/Premises number Name of the premises/ building Road/ Street/ Lane Area/ location Town/ City/ District State Pin Code
(450) (451) (452) (453) (454) (455) (456) (457) (458) (459) (460) (461) (462) (463) (464)
1
2
3
4
5

Place :

Date :  Name and designation of the principal officer of the banking company/co-operative society/public company………………….”

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Category : Income Tax (25538)
Type : Notifications (15402) Notifications/Circulars (30685)

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