Rule - 31AC (of Income Tax Rules, 1962), Income-tax Rules, 1962
Rule - 31AC (of Income Tax Rules, 1962), Income-tax Rules, 1962
Maintenance of particulars of time deposits by a banking company for furnishing quarterly return under section 206A (of Income Tax Act, 1961)
(1) Every branch of a banking company, which is required to make a quarterly return under sub-section (1) of section 206A (of Income Tax Act, 1961) in respect of interest on time deposits without deduction of tax at source, shall keep and maintain the particulars of such time deposits in Form No. 26QA.
(2) Every branch referred to in sub-rule (1) which is maintaining its daily accounts on computer media, shall keep and maintain the particulars in Form No. 26QA on computer readable media.
×
