Amendment of section 206A

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....1st March in each financial year", the words "such statements for such period as may be prescribed" shall be substituted; (b) in sub-section (2), for the words "quarterly returns", the words "such statements'' shall be substituted. - Clause 67 of the Bill seeks to amend section 206A of the Income tax Act relating to furnishing of quarterly return in respect of payment of interest to residents ....

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....ay be prescribed, on a floppy, diskette, magnetic cartridge tape, CD-ROM or any other computer readable media. It is further provided that the Central Government may, by notification in the Official Gazette, require any person other than a person mentioned in sub-section (1) responsible for paying to a resident any income liable for deduction of tax at source under Chapter XVII to prepare and d....