TaxTMI 
TaxTMI 
Income-tax (16th Amendment) Rules, 2020.
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....st day of July, 2020, namely:- "(ix) furnish particulars of amount paid or credited on which tax was not deducted or deducted at lower rate in view of the notification issued under second proviso to section 194N or in view of the exemption provided in third proviso to section 194N or in view of the notification issued under fourth proviso to section 194N"; (c) after clause (ix), the following clauses shall be inserted, namely:-- "(x) furnish particulars of amount paid or credited on which tax was not deducted or deducted at lower rate in view of the notification issued under sub-section (5) of section 194A. (xi) furnish particulars of amount paid or credited on which tax was not deducted under sub-section (2A) of section 194LBA. (xii) furnish particulars of amount paid or credited on which tax was not deducted in view of clause (a) or clause (b) of sub-section (1D) of section 197A. (xiii) furnish particulars of amount paid or credited on which tax was not deducted in view of the exemption provided to persons referred to in Board Circular No. 3 of 2002 dated 28th June 2002 or Board Circular No. 11 of 2002 dated 22nd November 2002....
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....ed by the first proviso to section 194N) Amount of cash withdrawal which is in excess of Rs. 20 lakhs but does not exceed Rs. 1 crore for cases covered by sub-clause (a) of clause (ii) of first proviso to section 194N Amount of cash withdrawal which is in excess of Rs. 1 crore for cases covered by sub-clause (b) of clause (ii) of first proviso to section 194N Total tax deducted Total tax deposited Date of deduction (dd/mm/yyyy Rate at which deducted Reason for non-deduction/ lower deduction/ Higher Deduction/ Threshold/ Transporter etc. (See notes 1 to 11) Number of the certificate under section 197 issued by the Assessing Officer for non-deduction/ lower deduction [419A] [419B] [419C] [420] [421] [422] [423] [424] [425]  ....
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....ction 194N.* 10. Write "N" if no deduction or lower deduction is on account of payment made to a person referred to in the third proviso to section 194N or on account of notification issued under the fourth proviso to section 194N.* 11. Write "O" if no deduction is as per the provisions of sub-section (2A) of section 194LBA. 12. List of section codes is as under: Section Nature of Payment Section Code 192A Payment of accumulated balance due to an employee 192A 193 Interest on securities 193 194 Dividend 194 194A Interest other than interest on securities 94A 194B Winnings from lotteries and crossword puzzles 94B 194BB Winnings from horse race 4BB 194C Payment of contractors and sub-contractors 94C 194D Insurance Commission 94D 194DA Payment in respect of life insurance policy 4DA 194EE Payments in respect of deposits under National Savings Schemes 4EE 194F Payments on account of repurchase of Units by Mutual Funds or UTIs 94F 194G Commission, prize etc., on sale of lottery tickets 94G 194H Commission or Brokerage 94H 194-I(a) Rent 4-IA 1....
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....rmanen t Account Number or Aadhaar Number] of the deductee [see note 9] Name of the deductee Sectio n code (See Note 8) Date of payment or credit (dd/mm /yyyy) Amount of cash withdrawal in excess of Rs. 1 core as referred to in section 194N (in cases not covered by the first proviso to section 194N)* Amount of cash withdrawal which is in excess of Rs. 20 lakhs but does not exceed Rs. 1 crore for cases covered by sub-clause (a) of clause (ii) of first proviso to section 194N* [714] [715] [716] [717] [718] [719] [720] [720A] [720B] 1 2 3 Total Amount of cash withdrawal which is in excess of Rs. 1 crore for cases covered by sub-clause (b) of clause (ii) of first proviso to section 194N * Amount paid or credited....
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....son responsible for deducting tax at source Date: .................................................................................. .. ...................................................................... Name and designation of the person responsible for deducting tax at source Notes: 1. Write "A" if "lower deduction" or "no deduction" is on account of a certificate under section 197. 2. Write "C" if grossing up has been done. 3. Write "D" if deduction is on higher rate on account of non-furnishing of [Permanent Account Number or Aadhaar Number] by the deductee. 4. Write "O" if no deduction is in view of sub-section (2A) of section 194LBA. 5. Write "M" if no deduction or lower deduction is on account of notification issued under second provison to section 194N.* 6. Write "N" if no deduction or lower deduction is on account of payment made to a person referred to in the third proviso to section 194N or on account of notification issued under the fourth proviso to section 194N.* 7. Write "G" if no deduction is in view of clause (a) or clause (b) of sub-section (1D) of section 197A. 8. List of section codes is as under: Section Nature of Pa....