Furnishing of statement for payments without deduction of tax: payers must prepare and deliver prescribed statements to tax authority. Furnishing of statements is mandated for payers of interest to residents without deduction of tax; banking companies, co-operative societies and specified public companies must prepare and deliver prescribed, verified statements containing specified particulars to the prescribed income-tax authority or its authorised person. The Board may require other payers liable to deduct tax at source to do likewise, and payers may submit correction statements to add, delete or update previously furnished information in the prescribed form and manner.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Furnishing of statement for payments without deduction of tax: payers must prepare and deliver prescribed statements to tax authority.
Furnishing of statements is mandated for payers of interest to residents without deduction of tax; banking companies, co-operative societies and specified public companies must prepare and deliver prescribed, verified statements containing specified particulars to the prescribed income-tax authority or its authorised person. The Board may require other payers liable to deduct tax at source to do likewise, and payers may submit correction statements to add, delete or update previously furnished information in the prescribed form and manner.
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