India - Income Tax Act 2010 - Saarc

1.775 CH. XVII - COLLECTION AND RECOVERY - DEDUCTION AT SOURCE S. 2035[Certificate for tax deducted.6203. 7[(1)] 8 Every person deducting tax in accordance with 9 [the foregoingprovisions of this Chapter] 10 [shall, within such period as may be prescribedfrom the time of credit or payment of the sum, or, as the case may be,from the time of issue of a cheque or warrant for payment of any dividend to ashareholder], furnish to the person to whose account such credit is given or towhom such payment is made or the cheque or warrant is issued, a certificate tothe effect that tax has been deducted, and specifying the amount so deducted,the rate at which the tax has been deducted and such other particulars as maybe prescribed.]11[(2) Every person, being an employer, referred to in sub-section (1A) of section192 shall, within such period, as may be prescribed, furnish to the person inrespect of whose income such payment of tax has been made, a certificate to theeffect that tax has been paid to the Central Government, and specify the amountso paid, the rate at which the tax has been paid and such other particulars as maybe prescribed.](Contd. from p. 1.774)Act, 1972, w.e.f. 1-4-1972, Finance Act, 1973, w.e.f. 1-4-1973, Finance Act, 1978, w.e.f. 1-4-1978, Direct Tax Laws (Second Amendment) Act, 1989, w.e.f. 1-11-1989, Finance (No. 2)Act, 1991, w.e.f. 1-10-1991, Finance Act, 1992, w.e.f. 1-6-1992, Finance Act, 1993, w.e.f. 1-6-1993, Finance Act, 1994, w.e.f. 1-6-1994, Finance Act, 1995, w.e.f. 1-7-1995 and Finance Act,1999, w.e.f. 1-6-1999, read as under:“sections 192 to 194, section 194A, section 194B, section 194BB, section 194C, section 194D,section 194E, section 194EE, section 194F, section 194G, section 194H, section 194-I,section 194J, section 194K, section 194L, section 195, section 196A, section 196B, section196C and section 196D”.5. Substituted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967.6. See also Circular No. 664, dated 29-9-1993, Circular No. 749, dated 27-12-1996, CircularNo. 785, dated 24-11-1999, Circular No. 6/2006, dated 23-6-2006, Circular F.No. 142/44/2006-TPL, dated 25-4-2007 and Circular No. 2/2007, dated 21-5-2007. For details, seeTaxmann’s Master Guide to Income-tax Act.7. Section 203 renumbered as sub-section (1) thereof by the Finance Act, 2002, w.e.f.1-6-2002.8. See rule 31 and Form Nos. 16, 16A and 16AA.9. Substituted for the portion beginning with the words “the provisions of sections 192” andending with “section 196D” by the Finance (No. 2) Act, 2004, w.e.f. 1-10-2004. Prior to itssubstitution, the quoted portion, as amended by the Finance Act, 1972, w.e.f.1-4-1972, Finance Act, 1973, w.e.f. 1-4-1973, Finance Act, 1978, w.e.f. 1-4-1978, Direct TaxLaws (Second Amendment) Act, 1989, w.e.f. 1-11-1989, Finance (No. 2) Act, 1991, w.e.f.1-10-1991, Finance Act, 1992, w.e.f. 1-6-1992, Finance Act, 1993, w.e.f. 1-6-1993, FinanceAct, 1994, w.e.f. 1-6-1994, Finance Act, 1995, w.e.f. 1-7-1995 and Finance Act, 1999, w.e.f.1-6-1999, read as under :“the provisions of sections 192 to 194, section 194A, section 194B, section 194BB, section194C, section 194D, section 194E, section 194EE, section 194F, section 194G, section 194H,section 194-I, section 194J, section 194K, section 194L, section 195, section 196A, section196B, section 196C and section 196D,”10. Substituted for “shall, at the time of credit of payment of the sum, or, as the case may be,at the time of issue of a cheque or warrant for payment of any dividend to a shareholder”by the Finance Act, 1987, w.e.f. 1-6-1987.11. Inserted by the Finance Act, 2002, w.e.f. 1-6-2002.