India - Income Tax Act 2010 - Saarc

S. 206A I.T. ACT, 1961 1.780tax under the foregoing provisions of this Chapter shall, deliver or cause to bedelivered, within the prescribed time after the end of each financial year, suchreturns on computer media under the said scheme.](3) Notwithstanding anything contained in any other law for the time being inforce, a return filed on computer media shall be deemed to be a return for thepurposes of this section and the rules made thereunder and shall be admissiblein any proceedings thereunder, without further proof of production ofthe original, as evidence of any contents of the original or of any fact statedtherein.(4) Where the Assessing Officer considers that the return delivered or caused tobe delivered under sub-section (2) is defective, he may intimate the defect to theperson responsible for deducting tax or the principal officer in the case of acompany, as the case may be, and give him an opportunity of rectifying the defectwithin a period of fifteen days from the date of such intimation or within suchfurther period which, on an application made in this behalf, the Assessing Officermay, in his discretion, allow; and if the defect is not rectified within the said periodof fifteen days or, as the case may be, the further period so allowed, then,notwithstanding anything contained in any other provision of this Act, suchreturn shall be treated as an invalid return and the provisions of this Act shallapply as if such person had failed to deliver the return.]43[Furnishing of quarterly* return in respect of payment of interest to residentswithout deduction of tax.206A. (1) Any banking company or co-operative society or public companyreferred to in the proviso to clause (i) of sub-section (3) of section 194Aresponsible for paying to a resident any income 44 [not exceeding ten thousandrupees, where the payer is a banking company or a co-operative society, and fivethousand rupees in any other case] by way of interest (other than intereston securities), shall prepare 45 [such statements for such period as may be43. Inserted by the Finance Act, 2005, w.e.f. 1-6-2005. Earlier original section 206A wasinserted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967 and thereafter amended by theDirect Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. Prior to its omission by theFinance (No. 2) Act, 1996, w.e.f. 1-10-1996, section 206A read as under :“206A. Person paying interest to residents without deduction of tax, to furnish prescribedreturn.—Any person responsible for paying any income referred to in section 194A shallprepare, and within thirty days from the 31st day of March in each year, deliver or causeto be delivered to the Assessing Officer in the prescribed form and verified in theprescribed manner, a return in writing showing—(a) the name and address of every person who has furnished to him an affidavit or astatement under the proviso to sub-section (1) of section 194A;(b) the amount of the income credited or paid during the financial year to each suchperson and the time or times at which the same was credited or paid, as the case maybe; and(c) such other particulars as may be prescribed.”44. Substituted for “not exceeding five thousand rupees” by the Finance Act, 2007, w.e.f.1-6-2007.45. Substituted for “quarterly returns for the period ending on the 30th June, the 30thSeptember, the 31st December and the 31st March in each financial year ” by the Finance(No. 2) Act, 2009, w.e.f. 1-10-2009.*Word ‘quarterly’ need be omitted.