Rule-37 (of Income Tax Rules, 1962), Prescribed returns regarding tax deducted at source under section 206 (of Income Tax Act, 1961)
Rule-37 (of Income Tax Rules, 1962), Prescribed returns regarding tax deducted at source under section 206 (of Income Tax Act, 1961)
This is a REDUNDANT RULE.
Section 206 (of Income Tax Act, 1961) is Not
applicable after 1
April, 2005 and
proposed to be
omitted.
[Prescribed returns regarding tax deducted at source under section 206 (of Income Tax Act, 1961).
Every person, being a person responsible for deducting tax under Chapter XVII-B shall, in respect of a previous year, deliver or cause to be delivered to the [Director-General of Income-tax (Systems) or the person or agency authorised by the Director General of Income-tax (Systems)] referred to in rule 36A (of Income Tax Rules, 1962), the returns mentioned in column (1) of the Table below in Form No. specified in the corresponding entry in column (2) of the said Table by the end of the month falling in the financial year immediately following the previous year as specified in the corres-ponding entry in column (3) of the said Table :—
[TABLE
Sl. No. Nature of returns Form No. Month
(1) (2) (3)
1. Annual return of deduction of tax under section 192 (of Income Tax Act, 1961) from "Salaries" 24 June
2. Annual return of deduction of tax under section 193 (of Income Tax Act, 1961) from "Interest on securities", under section 194 (of Income Tax Act, 1961) from "Dividends", under section 194A (of Income Tax Act, 1961) from "Interest other than interest on securities", under section 194B (of Income Tax Act, 1961) from "Winnings from lotteries or crossword puzzles", under section 194BB (of Income Tax Act, 1961) from "Winnings from horse races", under section 194C (of Income Tax Act, 1961) from "Payments to any contractor or sub-contractor", under section 194D (of Income Tax Act, 1961) from "Insurance commission", under section 194EE (of Income Tax Act, 1961) from "Payments in respect of deposits under the National Savings Scheme, etc.", under section 194F (of Income Tax Act, 1961) from "Payments on account of repurchase of units by Mutual Fund or Unit Trust of India", under section 194G (of Income Tax Act, 1961) from "Commission, etc., on sale of lottery tickets", under section 194H (of Income Tax Act, 1961) from "Commission or brokerage", under section 194-I (of Income Tax Act, 1961) from "Rent", under section 194J (of Income Tax Act, 1961) from "Fees for professional or technical services", [under section 194K (of Income Tax Act, 1961) from "Income in respect of units" and under section 194LA (of Income Tax Act, 1961) from "Payment of compensation on acquisition of certain immovable property"]. 26 June.]
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