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Rule 31AB of Income Tax Rules 1962: Annual Statement of Tax Deducted or Collected or Paid

Rule 31AB : Annual statement of tax deducted or collected or paid
(Chapter: VI - Deduction of Tax at Source)

"The Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) shall deliver,—

(i) to every person from whose income the tax has been deducted; or
(ii) to the buyer referred to in sub-section (1) or, as the case may be, to the licencee or lessee referred to in sub-section (1C) of section 206C from whom the amount has been collected; or
(iii) to every person in respect of whose income the tax has been paid,

a statement referred to in section 203AA or the second proviso to sub-section (5) of section 206C, in Form No. 26AS by the 31st July following the financial year during which taxes were deducted or collected or paid."

Extra Notes for Readers:

- Rule 31AB was introduced by the Income Tax (10th Amendment) Rules 2005, w.e.f. 30th March 2005

Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.

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