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)
Recordkeeping of time deposit particulars is mandated for withholding tax returns, with electronic preservation where accounts are computerized. Branches required to file the quarterly return under section 206A for interest on time deposits must maintain particulars of those deposits in Form No. 26QA; branches keeping daily accounts on computer media must preserve the same particulars in computer readable media.
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Provisions expressly mentioned in the judgment/order text.
Recordkeeping of time deposit particulars is mandated for withholding tax returns, with electronic preservation where accounts are computerized.
Branches required to file the quarterly return under section 206A for interest on time deposits must maintain particulars of those deposits in Form No. 26QA; branches keeping daily accounts on computer media must preserve the same particulars in computer readable media.
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