Duty to prepare periodic tax statements now subject to prescribed reporting periods and delivery requirements for deductors. The amendment replaces fixed quarterly reporting dates in section 200(3) with a requirement that persons deducting tax prepare and deliver statements for such periods as may be prescribed, after payment of tax deducted, to the prescribed income-tax authority in prescribed form, with prescribed verification, particulars and within prescribed timelines.
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Provisions expressly mentioned in the judgment/order text.
Duty to prepare periodic tax statements now subject to prescribed reporting periods and delivery requirements for deductors.
The amendment replaces fixed quarterly reporting dates in section 200(3) with a requirement that persons deducting tax prepare and deliver statements for such periods as may be prescribed, after payment of tax deducted, to the prescribed income-tax authority in prescribed form, with prescribed verification, particulars and within prescribed timelines.
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