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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

Check at Income Tax Dept. official site for latest version of the Rule.

This page was created/last updated on 17th October 2016.