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<h1>Tax Collectors Must Report Comprehensive Source Deduction Details Across Transaction Types Under Section 206C of Income Tax Act</h1> This document is a detailed quarterly tax collection statement (Form 27EQ) under section 206C of the Income Tax Act, 1961. The form requires collectors to report tax collected at source, including details such as tax amount, surcharge, collection codes, party information, and verification. It provides a comprehensive template for documenting tax collection across various transaction types, with specific instructions for government and non-government collectors to report their tax collection activities for a specific quarter.
TaxTMI