TaxTMI 
TaxTMI 
Income-tax (16th Amendment) Rules, 2020.
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....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 or Board Circular No. 18 of 2017 dated 29th May 2017." 3. In the principal rules, in Appendix II, (I) in form 26Q - (a) for ....
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.... [422] [423] [424] [425] Verification I, ........................................................................... , hereby certify that all the particulars furnished above are correct and complete. Place: ………………….. ………………………………………….. Signature of the person 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 "B" if no deduction is on account of declaration under section 197A other than the cases mentioned in sub-section (1F) of section 197A. 3. Write "C" if deduction is on higher rate on account of non-furnishing of PAN by the deductee/payee. 4. Write "D" if no deduction or lower deduc....
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....) Certain income in the form of interest from units of a business trust to a residential unit holder 4BA1 194LBA(b) Certain income in the form of dividend from units of a business trust to a resident unit holder 4BA2 194LB Income in respect of units of investment fund LBB 194LBC Income in respect of investment in securitization trust LBC 194N Payment of certain amounts in cash 94N 194N First proviso* Payment of certain amounts in cash to non-filers 94N-F #194-O Payment of certain sums by e-commerce operator to e-commerce participant 94O" (II) in form 27Q -- (a) for the brackets, words, figures and letters "[See sections 194E, 194LB, [194LBA, 194LBB, 194LBC], 194LC, 195, 196A, 196B, 196C, 196D, and rule 31A]" the brackets, words, figures and letters "[See section 194E, 194LB, [194LBA, 194LBB, 194LBC], 194LC, 194N, 195, 196A, 196B, 196C, 196D, 197A and rule 31A]" shall be substituted; (b) for the "Annexure" the following "Annexure" shall be substituted, namely:-- "[ANNEXURE: DEDUCTEE WISE BREAK UP OF TDS] (Please use separate Annexure for each line item in Table at Sl. No. 04 of main Form 27Q) Details of amount paid/credited during the quarter ended (dd/m....
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................................................................................ ................................. Place: .............................. Signature of the person 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 dedu....