Collection of income-tax at source under section 206C of the Income-tax Act, in respect of profits and gains from the business of trading in alcoholic liquor, forest produce, etc.--Filing of half-yearly returns--Regarding
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Collection of tax at source requires half-yearly returns filed with prescribed income-tax authorities within one month after period end. Persons collecting tax at source on trading in alcoholic liquor, forest produce and similar businesses must prepare half-yearly returns for the periods ... Summary
Collection of tax at source requires half-yearly returns filed with prescribed income-tax authorities within one month after period end.
Persons collecting tax at source on trading in alcoholic liquor, forest produce and similar businesses must prepare half-yearly returns for the periods ending 30 September and 31 March and deliver them to the prescribed income-tax authority in the prescribed form and manner; specific rules set out the authorities and procedures and require these returns to be filed within one month from the end of the relevant period.
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