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<h1>New Rule 31AC Requires Quarterly Returns for Non-Deduction of Tax at Source Under Section 206A Using Form 26QA</h1> The Income-tax (Seventeenth Amendment) Rules, 2005, introduce Rule 31AC and Form No. 26QA to the Income-tax Rules, 1962. Rule 31AC mandates the quarterly filing of returns concerning non-deduction of tax at source under Section 206A. These returns, which detail interest payments to residents without tax deduction, must be submitted by specified deadlines to the Director General of Income-tax (Systems) or an authorized person. Form No. 26QA is used for these filings, requiring detailed information about the payer, such as their Tax Deduction and Collection Account Number (TAN), Permanent Account Number (PAN), and other relevant transaction details.