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of <h1>Section 203AA mandating tax deduction statements inserted in 2005, amended in 2006, completely omitted in 2020</h1> Section 203AA of the Income Tax Act, 1961 was originally inserted in 2005 to mandate the furnishing of tax deduction statements. The provision required prescribed income-tax authorities or authorized persons to prepare and deliver annual statements to individuals from whose income tax was deducted or paid. These statements had to specify the amount of tax deducted or paid along with other prescribed particulars, and were to be delivered within prescribed timeframes after each financial year ending. The section underwent amendments in 2006 regarding the applicable year. However, Section 203AA was subsequently omitted entirely in 2020, removing this statutory requirement for authorities to provide tax deduction statements to affected parties.
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