Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Time deposit recordkeeping by banking branches requires Form No. 26QA maintenance, including computer-readable records where accounts are digital. Every branch of a banking company required to furnish a quarterly return under section 206A for interest on time deposits without deduction of tax at source must maintain the particulars of such deposits in Form No. 26QA. If the branch keeps its daily accounts on computer media, the particulars must be maintained in Form No. 26QA on computer-readable media.
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.
Time deposit recordkeeping by banking branches requires Form No. 26QA maintenance, including computer-readable records where accounts are digital.
Every branch of a banking company required to furnish a quarterly return under section 206A for interest on time deposits without deduction of tax at source must maintain the particulars of such deposits in Form No. 26QA. If the branch keeps its daily accounts on computer media, the particulars must be maintained in Form No. 26QA on computer-readable media.
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