Quarterly return of non-deduction of tax at source

By Vijay Kumar

As per the newly inserted (with effect from 1.6.2005) Section 206A of the Income Tax Act, a banking company, co-operative society or public company paying interest less than Rs. 5000/- are required to file a quarterly return with the prescribed authority. Now the Board has prescribed the form (26QA) and has designated DGI(systems) as the authority to receive the returns.

CBDT NOTIFICATION NO. 176/ 2005, Dated: June 28, 2005 (pdf file, right click and choose save target as to download)