Income-tax ( 17th Amendment) Rules, 2020

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....se rules, they shall come into force with effect from the 1st day of October, 2020. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 31AA, in sub-rule (4), after clause (v), the following clauses shall be inserted namely:- "(vi) furnish particulars of amount received or debited on which tax was not collected,- (a) by the authorised dealer from the buyer under the first proviso to sub-section (1G) of section 206C; (b) by the authorised dealer under fourth proviso to sub-section (1G) of section 206C; and (c) by the authorised dealer or seller of an overseas tour program from the buyer under clause (i) or clause (ii) of the fifth proviso of sub-section (1G) of sec....

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....re" shall be substituted, namely :- "ANNEXURE -: PARTY WISE BREAK UP OF TCS (Please use separate Annexure for each-line item in Table at Sl. No. 04 of main Form 27EQ) Details of amount received/debited during thequarterended...        (dd/mm/yyyy) and of tax collected atsource Name of the Collector       TAN           BSR Code of branch/Receipt Number of Form No. 24G         Date on which challan deposited/Transfer voucher date (dd/mm/yyyy)   Challan Serial Number / DDO Serial No. of Form No. 24G   Amount as per Challan   Total TCS to be allocated among deductees as in the ....

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.... Rate at which collected Reason for noncollection / lower collection /or collection at higher rate (See Note 1 to 8) Number of the certificate u/s 206C issued by the Assessing Officer for lower collection of tax Whether the payment by collectee is liable to TDS as per clause (a) of the fifth proviso to sub-section (1G) or second proviso to sub-section (1H) and whether TDS has been deducted from such payment (if either "F" or "G" is selected in 680) If, answer to [681A] is yes, then Challan number Date of payment of TDS to Central Government [676] [677] [678] [679] [680] [681] [681A] [681B] [681C]                     ....

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....use (ii) of the fifth proviso to sub-section (1G) or in view of notification issued under the clause (ii). 7. Write "G" if no collection is on account of the second proviso to sub-section (IH) of section 206C. 8. Write "H" if no collection is on account of sub-clause (A) or sub-clause (B) or sub-clause (C), or in view of notification issued under sub-clause (c), of clause (a) of the Explanation. 9. Write collection code as mentioned below: Section Nature of collection Collection Code 206C Collection at source from alcoholic liquor for human consumption 6C A 206C Collection at source from timber obtained under forest lease 6C B 206C Collection at source from timber obtained by any mode other th....