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[Notification No. 49/2022/F.No.370142/6/2022-TPL] [Notification No. 85/2022/F. No. 300196/17/2022-ITA-I]

10.  THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

INCOME-TAX

New Delhi, the 3rd July, 2020

G.S.R. 429(E).— In exercise of the powers conferred by sections 194A, 194J, 194K, 194LBA, 194N, 194-O, 197A and 200 read with section 295 of the Income-tax Act,1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely:-

  1. Short title and commencement.–– (1) These rules may be called the Income-tax (16th Amendment) Rules, 2020.
  • Save as otherwise provided in these rules, they shall come into force from the date of their publication in the Official Gazette.
  • In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 31A, in sub-rule (4), —
  • in clause (viii), after the words “not deducted”, the words “or deducted at lower rate” shall be inserted;
  • for clause (ix) the following shall be substituted from the 1st 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.

  • furnish particulars of amount paid or credited on which tax was not deducted under sub-section (2A) of section 194LBA.
  • 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.
  • 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 the brackets, words, figures and letters

“[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194LA, 194LBA, 194LBB, 194LBC, 194N and rule 31A]”

the following brackets, words, figures and letters

“[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O, 197A and rule 31A]” shall be substituted;

[भाग II—खण्‍ड  3(i)]                                                                                                                                             भारत‍का‍राजपत्र‍:‍असाधारण             11

(b) for the “Annexure”, the following “Annexure” shall be substituted, namely :-

“[ANNEXURE: DEDUCTEE/PAYEE WISE BREAK UP OF TDS

(Please use separate Annexure for each line-item in Table at Sl. No. 4 of main Form 26Q)

Details of amount paid/credited during the quarter ended……….. (dd/mm/yyyy) and of tax deducted at source

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 tax to be allocated among deductees/payees as in the vertical total of Col. 421

Total interest to be allocated among the deductees/payees mentioned below

Name of the Deductor/Payer

TAN

Sl.Deductee /payeeDeductee/PAN ofName ofSectionDate ofAmountAmount ofAmount ofAmount ofTotalTotal taxDate ofRate atReason forNumber of the
No.referencepayeethethecodepaymentpaid orcashcashcashtaxdepositeddeductionwhichnon-deduction/certificate under
 withdrawalwithdrawal 
 numbercodedeductee/deductee/(Seeor creditcreditedwithdrawaldeducted (dd/mm/yyyy)deductedlower deduction/section 197 issued
 which is inwhich is in 
    
  (01-Company            
 provided by thepayeepayeeNote(dd/mm/ inexcess ofexcess of    Higher Deduction/by the Assessing
       
 deductor/payer,02-Other than  12)yyyy) excess of Rs.Rs. 20Rs. 1 crore    Threshold/Officer for
     lakhs butfor cases    
 ifcompany)     1    Transporter etc.non-deduction/
      does notcovered by    
           
               
 available      crore asexceed Rs.sub-clause    (See notes 1 to 11)lower deduction
        referred to in1 crore for(b) of      
        casesclause (ii)      
        section 194N      
        covered byof first      
               
        (in cases notsub-clauseproviso to      
        covered by(a) ofsection      
        clause (ii)194N      
        the first      
        of first       
                
        proviso toproviso to       
        sectionsection       
        194N)194N       
                
[412][413][414][415][416][417][418][419][419A][419B][419C][420][421][422][423][424][425]
1                
2                
3                
                 
                 
Total                
12 THE GAZETTE OF INDIA : EXTRAORDINARY[PART II—SEC. 3(i)]
      
      
   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.
  • 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.
  • Write “C” if deduction is on higher rate on account of non-furnishing of PAN by the deductee/payee.
  • Write “D” if no deduction or lower deduction is on account of payment made to a person or class of person on accont of notification issued under sub-section (5) of section 194A.
  • Write “E” if no deduction is on account of payment being made to a person 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 28th May, 2017.
  • Write “Y” if no deduction is on account of payment below threshold limit specified in the Income-tax Act, 1961.
  • Write “T” if no deduction is on account of deductee/payee being transporter. PAN of deductee/payee is mandatory [section 194C (6)].
  • Write “Z” if no deduction or lower deduction is on account of payment being notified under section 197A (1F).
  • Write “M” if no deduction or lower deduction is on account of notification issued under second proviso to section 194N.*
  1. 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.*
  1. Write “O” if no deduction is as per the provisions of sub-section (2A) of section 194LBA.
  1. List of section codes is as under:
SectionNature of PaymentSection Code
   
192APayment of accumulated balance due to an employee192A
   
193Interest on securities193
   
194dividend194
   
194AInterest other than interest on securities94A
   
 [भाग II—खण्‍ड3(i)]भारत‍का‍राजपत्र‍:‍असाधारण13
      
      
      
 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 Schemes4EE
     
 194F Payments on account of repurchase of Units by Mutual Funds or UTIs94F
      
 194G Commission, prize etc., on sale of lottery tickets 94G
      
 194H Commission or Brokerage 94H
      
 194-I(a) Rent 4-IA
      
 194-I (b) Rent 4-IB
     
 194J(a) Fees for Technical Services(not being professional services), royalty for sale, distribution or exhibition of cinematographic94J-A
  films and call centre (@2%) 
     
      
 194J (b) Fee for professional service or royalty etc. (@10%) 94J-B
      
 194K Income in respects of units. 94K
     
 194LA Payment of Compensation on acquisition of certain immovable property4LA
     
 194LBA(a) Certain income in the form of interest from units of a business trust to a residential unit holder4BA1
     
 194LBA(b) Certain income in the form of dividend from units of a business trust to a resident unit holder4BA2
      
 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 Payment of certain amounts in cash to non-filers 94N-F
 proviso*  
     
     
 #194-O Payment of certain sums by e-commerce operator to e-commerce participant94O”
      

14                                                                                                                       THE GAZETTE OF INDIA : EXTRAORDINARY                                                                                       [PART II—SEC. 3(i)]

  • in form 27Q —
  • 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;

  • 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/mm/yyyy) and of tax deducted at source

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 TDS to be allocated among deductees as in the vertical total of Col. 726 Total interest to be allocated among the deductees mentioned below

Name of the Deductor/Payer

TAN

Sl.DeducteeDeductee[PermanenName ofSectioDate ofAmountofAmountAmount ofAmountTaxSurchargeEducationTotal taxTotal tax
No.referencecode (01-t Accountthen codepayment orcash ofcashcash  paid  or  Cessdeducteddeposited
 numberCompanyNumber ordeductee(Seecreditwithdrawalwithdrawalwithdrawalcredited   [722+ 
 provided02-OtherAadhaar Note(dd/mm/yyyy)inexcesswhich is inwhich is in    723 + 
 by thethanNumber] 8) ofRs.1excess ofexcessof    724] 
 deductor,company)of the   coreasRs. 20Rs. 1 crore      
 if deductee   referredtolakhs butforcases      
 available [seenote   insectiondoes notcoveredby      
   9]   194N(inexceedRs.sub-clause      
       casesnot1 crore for(b) of      
       covered bycases  clause(ii)      
       thefirstcoveredbyoffirst      
       provisotosub-clauseprovisoto      
       section (a) ofsection       
 [भाग II—खण्‍ड3(i)]               भारत‍का‍राजपत्र‍:‍असाधारण            15
                                             
                                             
                                             
                    194N)* clause(ii)194N               
                           offirst*               
                           proviso  to                
                           section                 
                           194N*                 
 [714] [715]  [716] [717] [718] [719] [720][720A] [720B][720C][721] [722][723] [724][725] [726]
 1                                            
 2                                            
 3                                            
                                              
 Total                                            
                                  
 Date of  Rate at Reason forNumber of Whether Nature of   Unique Country toEmail ID Contact Address of Tax  Identification
 deduction  which  non-the the rate of Remittance  Acknowledgement ofwhichof number of deductee in Number/ Unique
 (dd/mm/yyyy) deducted deduction/certificate TDS is as        thecorrespondingremittancedeductee deductee country of identification number
          lowerissued by per IT Act        Form No. 15CA, ifis made      residence of deductee
         deduction/the (a) DTAA         available                 
         grossing up/Assessing (b)                             
          HigherOfficer for                                
        Deduction (Seenon-                                
          notes 1deduction/                                
          to 3)lower                                
            deduction                                
 [727] [728][729] [730] [731] [732]     [733]  [734]735  736 737 738   
  1                                          
  2                                          
  3                                          
                                            
 Total                                          
                         Verification                 
            
 I, ……………………………………………………………………………………………………………..,hereby certify that all the particulars furnished above are correct andcomplete.   
                             
                          ………………………………………………………………………………………. …………………………...
 Place:                   Signature of the person responsible for deducting tax atsource         
   ………………………..     .                   
                                  
   Date:   ……………………………………………………………………….                        .. ……………………………………………………………. 
                             Name and designation of the person responsible for deducting tax at source


16                                                                                                                       THE GAZETTE OF INDIA : EXTRAORDINARY                                                                                       [PART II—SEC. 3(i)]

Notes:

  1. Write “A” if “lower deduction” or “no deduction” is on account of a certificate under section 197.
  • Write “C” if grossing up has been done.
  • Write “D” if deduction is on higher rate on account of non-furnishing of [Permanent Account Number or Aadhaar Number] by the deductee.
  • Write “O” if no deduction is in view of sub-section (2A) of section 194LBA.
  • Write “M” if no deduction or lower deduction is on account of notification issued under second provison to section 194N.*
  • 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.*
  • Write “G” if no deduction is in view of clause (a) or clause  (b) of sub-section (1D) of section 197A.
  • List of section codes is as under:
SectionNature of PaymentSection Code
   
192APayment of accumulated balance due to an employee192A
   
194EPayments to non-resident Sportsmen/Sport Associations94E
   
194LBIncome by way of interest from infrastructure debt fund4LB
   
194LBA(a)Income referred to in section 10(23FC)(a) from units of a business trustLBA1
   
194LBA (b)Income referred to in section 10(23FC)(b) from units of a business trustLBA2
   
194LBA(c)Income referred to in section 10(23FCA) from units of a business trustLBA3
   
194LBBIncome in respect of units of investment fundLBB
   
194LBCIncome in respect of investment in securitisation trustLBC]
   
194LCIncome by way of interest from Indian company4LC
   
194LDIncome by way of interest on certain bonds and Government securities.4LD
   
194NPayment of certain amounts in cash94N
   
 [भाग II—खण्‍ड3(i)]भारत‍का‍राजपत्र‍:‍असाधारण17
      
      
      
 194N First Payment of certain amount in cash to non-filers. 94N-F
 Proviso*    
      
 195 Other sums payable to a non-resident 195
      
 196A Income in respect of units of Non-Residents 96A
      
 196B Payments in respect of Units to an Offshore Fund 96B
     
 196C Income from Foreign Currency Bonds or shares of Indian Company payable to Non-Resident96C
     
 196D Income of foreign institutional investors from securities96D
      
  • In case of deductees covered under rule 37BC, Permanent Account Number or Aadhaar Number NOT AVAILABLE” should be mentioned.”

*in

10. THE GAZETTE OF INDIA : EXTRAORDINARY  [PART II—SEC. 3(i)]

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

INCOME-TAX

New Delhi, the 3rd July, 2020

G.S.R. 429(E).— In exercise of the powers conferred by sections 194A, 194J, 194K, 194LBA, 194N, 194-O, 197A and 200 read with section 295 of the Income-tax Act,1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely:-

  1. Short title and commencement.–– (1) These rules may be called the Income-tax (16th Amendment) Rules, 2020.
  • Save as otherwise provided in these rules, they shall come into force from the date of their publication in the Official Gazette.
  • In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 31A, in sub-rule (4), —
  • in clause (viii), after the words “not deducted”, the words “or deducted at lower rate” shall be inserted;
  • for clause (ix) the following shall be substituted from the 1st 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.

  • furnish particulars of amount paid or credited on which tax was not deducted under sub-section (2A) of section 194LBA.
  • 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.
  • 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 the brackets, words, figures and letters

“[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194LA, 194LBA, 194LBB, 194LBC, 194N and rule 31A]”

the following brackets, words, figures and letters

“[See sections 192A, 193, 194, 194A, 194B, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O, 197A and rule 31A]” shall be substituted;

[भाग II—खण्‍ड  3(i)]                                                                                                                                             भारत‍का‍राजपत्र‍:‍असाधारण             11

(b) for the “Annexure”, the following “Annexure” shall be substituted, namely :-

“[ANNEXURE: DEDUCTEE/PAYEE WISE BREAK UP OF TDS

(Please use separate Annexure for each line-item in Table at Sl. No. 4 of main Form 26Q)

Details of amount paid/credited during the quarter ended……….. (dd/mm/yyyy) and of tax deducted at source

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 tax to be allocated among deductees/payees as in the vertical total of Col. 421

Total interest to be allocated among the deductees/payees mentioned below

Name of the Deductor/Payer

TAN

Sl.Deductee /payeeDeductee/PAN ofName ofSectionDate ofAmountAmount ofAmount ofAmount ofTotalTotal taxDate ofRate atReason forNumber of the
No.referencepayeethethecodepaymentpaid orcashcashcashtaxdepositeddeductionwhichnon-deduction/certificate under
 withdrawalwithdrawal 
 numbercodedeductee/deductee/(Seeor creditcreditedwithdrawaldeducted (dd/mm/yyyy)deductedlower deduction/section 197 issued
 which is inwhich is in 
    
  (01-Company            
 provided by thepayeepayeeNote(dd/mm/ inexcess ofexcess of    Higher Deduction/by the Assessing
       
 deductor/payer,02-Other than  12)yyyy) excess of Rs.Rs. 20Rs. 1 crore    Threshold/Officer for
     lakhs butfor cases    
 ifcompany)     1    Transporter etc.non-deduction/
      does notcovered by    
           
               
 available      crore asexceed Rs.sub-clause    (See notes 1 to 11)lower deduction
        referred to in1 crore for(b) of      
        casesclause (ii)      
        section 194N      
        covered byof first      
               
        (in cases notsub-clauseproviso to      
        covered by(a) ofsection      
        clause (ii)194N      
        the first      
        of first       
                
        proviso toproviso to       
        sectionsection       
        194N)194N       
                
[412][413][414][415][416][417][418][419][419A][419B][419C][420][421][422][423][424][425]
1                
2                
3                
                 
                 
Total                
12 THE GAZETTE OF INDIA : EXTRAORDINARY[PART II—SEC. 3(i)]
      
      
   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.
  • 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.
  • Write “C” if deduction is on higher rate on account of non-furnishing of PAN by the deductee/payee.
  • Write “D” if no deduction or lower deduction is on account of payment made to a person or class of person on accont of notification issued under sub-section (5) of section 194A.
  • Write “E” if no deduction is on account of payment being made to a person 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 28th May, 2017.
  • Write “Y” if no deduction is on account of payment below threshold limit specified in the Income-tax Act, 1961.
  • Write “T” if no deduction is on account of deductee/payee being transporter. PAN of deductee/payee is mandatory [section 194C (6)].
  • Write “Z” if no deduction or lower deduction is on account of payment being notified under section 197A (1F).
  • Write “M” if no deduction or lower deduction is on account of notification issued under second proviso to section 194N.*
  1. 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.*
  1. Write “O” if no deduction is as per the provisions of sub-section (2A) of section 194LBA.
  1. List of section codes is as under:
SectionNature of PaymentSection Code
   
192APayment of accumulated balance due to an employee192A
   
193Interest on securities193
   
194dividend194
   
194AInterest other than interest on securities94A
   
 [भाग II—खण्‍ड3(i)]भारत‍का‍राजपत्र‍:‍असाधारण13
      
      
      
 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 Schemes4EE
     
 194F Payments on account of repurchase of Units by Mutual Funds or UTIs94F
      
 194G Commission, prize etc., on sale of lottery tickets 94G
      
 194H Commission or Brokerage 94H
      
 194-I(a) Rent 4-IA
      
 194-I (b) Rent 4-IB
     
 194J(a) Fees for Technical Services(not being professional services), royalty for sale, distribution or exhibition of cinematographic94J-A
  films and call centre (@2%) 
     
      
 194J (b) Fee for professional service or royalty etc. (@10%) 94J-B
      
 194K Income in respects of units. 94K
     
 194LA Payment of Compensation on acquisition of certain immovable property4LA
     
 194LBA(a) Certain income in the form of interest from units of a business trust to a residential unit holder4BA1
     
 194LBA(b) Certain income in the form of dividend from units of a business trust to a resident unit holder4BA2
      
 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 Payment of certain amounts in cash to non-filers 94N-F
 proviso*  
     
     
 #194-O Payment of certain sums by e-commerce operator to e-commerce participant94O”
      

14. THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

  • in form 27Q —
  • 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;

  • 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/mm/yyyy) and of tax deducted at source

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 TDS to be allocated among deductees as in the vertical total of Col. 726 Total interest to be allocated among the deductees mentioned below

Name of the Deductor/Payer

TAN

Sl.DeducteeDeductee[PermanenName ofSectioDate ofAmountofAmountAmount ofAmountTaxSurchargeEducationTotal taxTotal tax
No.referencecode (01-t Accountthen codepayment orcash ofcashcash  paid  or  Cessdeducteddeposited
 numberCompanyNumber ordeductee(Seecreditwithdrawalwithdrawalwithdrawalcredited   [722+ 
 provided02-OtherAadhaar Note(dd/mm/yyyy)inexcesswhich is inwhich is in    723 + 
 by thethanNumber] 8) ofRs.1excess ofexcessof    724] 
 deductor,company)of the   coreasRs. 20Rs. 1 crore      
 if deductee   referredtolakhs butforcases      
 available [seenote   insectiondoes notcoveredby      
   9]   194N(inexceedRs.sub-clause      
       casesnot1 crore for(b) of      
       covered bycases  clause(ii)      
       thefirstcoveredbyoffirst      
       provisotosub-clauseprovisoto      
       section (a) ofsection       
 [भाग II—खण्‍ड3(i)]               भारत‍का‍राजपत्र‍:‍असाधारण            15
                                             
                                             
                                             
                    194N)* clause(ii)194N               
                           offirst*               
                           proviso  to                
                           section                 
                           194N*                 
 [714] [715]  [716] [717] [718] [719] [720][720A] [720B][720C][721] [722][723] [724][725] [726]
 1                                            
 2                                            
 3                                            
                                              
 Total                                            
                                  
 Date of  Rate at Reason forNumber of Whether Nature of   Unique Country toEmail ID Contact Address of Tax  Identification
 deduction  which  non-the the rate of Remittance  Acknowledgement ofwhichof number of deductee in Number/ Unique
 (dd/mm/yyyy) deducted deduction/certificate TDS is as        thecorrespondingremittancedeductee deductee country of identification number
          lowerissued by per IT Act        Form No. 15CA, ifis made      residence of deductee
         deduction/the (a) DTAA         available                 
         grossing up/Assessing (b)                             
          HigherOfficer for                                
        Deduction (Seenon-                                
          notes 1deduction/                                
          to 3)lower                                
            deduction                                
 [727] [728][729] [730] [731] [732]     [733]  [734]735  736 737 738   
  1                                          
  2                                          
  3                                          
                                            
 Total                                          
                         Verification                 
            
 I, ……………………………………………………………………………………………………………..,hereby certify that all the particulars furnished above are correct andcomplete.   
                             
                          ………………………………………………………………………………………. …………………………...
 Place:                   Signature of the person responsible for deducting tax atsource         
   ………………………..     .                   
                                  
   Date:   ……………………………………………………………………….                        .. ……………………………………………………………. 
                             Name and designation of the person responsible for deducting tax at source


16. THE GAZETTE OF INDIA : EXTRAORDINARY  [PART II—SEC. 3(i)]

Notes:

  1. Write “A” if “lower deduction” or “no deduction” is on account of a certificate under section 197.
  • Write “C” if grossing up has been done.
  • Write “D” if deduction is on higher rate on account of non-furnishing of [Permanent Account Number or Aadhaar Number] by the deductee.
  • Write “O” if no deduction is in view of sub-section (2A) of section 194LBA.
  • Write “M” if no deduction or lower deduction is on account of notification issued under second provison to section 194N.*
  • 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.*
  • Write “G” if no deduction is in view of clause (a) or clause  (b) of sub-section (1D) of section 197A.
  • List of section codes is as under:
SectionNature of PaymentSection Code
   
192APayment of accumulated balance due to an employee192A
   
194EPayments to non-resident Sportsmen/Sport Associations94E
   
194LBIncome by way of interest from infrastructure debt fund4LB
   
194LBA(a)Income referred to in section 10(23FC)(a) from units of a business trustLBA1
   
194LBA (b)Income referred to in section 10(23FC)(b) from units of a business trustLBA2
   
194LBA(c)Income referred to in section 10(23FCA) from units of a business trustLBA3
   
194LBBIncome in respect of units of investment fundLBB
   
194LBCIncome in respect of investment in securitisation trustLBC]
   
194LCIncome by way of interest from Indian company4LC
   
194LDIncome by way of interest on certain bonds and Government securities.4LD
   
194NPayment of certain amounts in cash94N
   
 [भाग II—खण्‍ड3(i)]भारत‍का‍राजपत्र‍:‍असाधारण17
      
      
      
 194N First Payment of certain amount in cash to non-filers. 94N-F
 Proviso*    
      
 195 Other sums payable to a non-resident 195
      
 196A Income in respect of units of Non-Residents 96A
      
 196B Payments in respect of Units to an Offshore Fund 96B
     
 196C Income from Foreign Currency Bonds or shares of Indian Company payable to Non-Resident96C
     
 196D Income of foreign institutional investors from securities96D
      
  • In case of deductees covered under rule 37BC, Permanent Account Number or Aadhaar Number NOT AVAILABLE” should be mentioned.”

*in relation to section 194N, the changes shall come into effect from 1st July, 2020.

#in relation to section 194-O, the changes shall come into effect from 1st October, 2020.

[Notification No. 43/2020/F. No. 370142/11/2020-TPL]

ANKIT JAIN,

Under Secy. (Tax Policy and Legislation Division)

Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii)videnumber S.O. 969 (E), datedthe 26th March, 1962 and were last amended vide notification number G.S.R. 423 (E), dated 30.06.2020.

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