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of <h1>Section 206 requires tax deducters to file prescribed returns within time limits after financial year ends</h1> Section 206 of the Income Tax Act, 1961 mandates that persons responsible for deducting tax at source must furnish prescribed returns to income tax authorities. This includes government offices, companies, local authorities, public bodies, and private employers who deduct tax before April 1, 2005. Returns must be submitted within prescribed time limits after each financial year ends, in specified forms and verification methods. The provision allows optional electronic filing through computer media like CD-ROM or diskettes, with mandatory electronic filing for government offices and companies. Returns filed electronically are deemed valid and admissible as evidence. If returns are defective, the assessing officer may provide fifteen days for rectification, failing which the return becomes invalid and treated as non-filed.
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