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    <title>Substitution of section 206A.</title>
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    <description>Furnishing of statements is mandated for payers of interest to residents without deduction of tax; banking companies, co-operative societies and specified public companies must prepare and deliver prescribed, verified statements containing specified particulars to the prescribed income-tax authority or its authorised person. The Board may require other payers liable to deduct tax at source to do likewise, and payers may submit correction statements to add, delete or update previously furnished information in the prescribed form and manner.</description>
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      <description>Furnishing of statements is mandated for payers of interest to residents without deduction of tax; banking companies, co-operative societies and specified public companies must prepare and deliver prescribed, verified statements containing specified particulars to the prescribed income-tax authority or its authorised person. The Board may require other payers liable to deduct tax at source to do likewise, and payers may submit correction statements to add, delete or update previously furnished information in the prescribed form and manner.</description>
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