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26
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 22nd May, 2023
INCOME-TAX
G.S.R. 379(E).––In exercise of the powers conferred by section 295 read with section 115BBJ, section
194BA, sub-section (3) of section 200 and proviso to sub-section (3) of section 206C of the Income-tax Act 1961
(hereinafter referred to as ‘Act’), 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 (Fifth Amendment) Rules,
2023.
(2) Save as otherwise provided, they shall come into force from date of their publication in the Official
Gazette.
2.
In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 31A, in sub-rule(4) with
effect from 1st July 2023,––
(a) for clause (ix), the following clause shall be substituted 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 fourth proviso to section 194N or in view of the notification issued under fifth proviso to section 194N;”;
(b) in clause (xvii), after sub-clause (a), the following sub-clause shall be inserted, namely:-
“(aa) winnings in terms of sub-section (2) of section 194BA;”.
3.
In the principal rules, after rule 132, the following rule shall be inserted, namely:–
“133. (1) Net winnings from online games during the previous year, for the purposes of section 115BBJ, shall
be calculated using the following formula, namely:–
Net winnings =(A+D)-(B+C), where –
A = Aggregate amount withdrawn from the user account during the financial year;
B = Aggregate amount of non-taxable deposit made in the user account by the assessee during the financial
year;
C = Opening balance of the user account at the beginning of the financial year; and
D= Closing balance of the user account at the end of the financial year.
(2) Net winnings comprised in the first withdrawal during the financial year, for the purposes of section 194BA, shall
be calculated using the following formula, namely:–
Net winnings =A-(B+C), where –
A = Amount withdrawn from the user account;
B = Aggregate amount of non-taxable deposit made in the user account by the owner of such account during
the financial year, till the time of such withdrawal; and
C = Opening balance of the user account at the beginning of the financial year.
(3) Net winnings in the formula given in sub-rule (2) shall be zero, if the sum of amounts B and C is equal to or
greater than the amount A.
(4) Net winnings comprised in each subsequent withdrawal during the financial year, for the purposes of section
194BA, shall be calculated using the following formula, namely:–
Net winnings =A-(B+C+E), where –
A = Aggregate amount withdrawn from the user account during the financial year till the time of subsequent
withdrawal including the amount of such subsequent withdrawal;
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
27
B = Aggregate amount of non-taxable deposit made in the user account by the owner of such account during
the financial year, till the time of such subsequent withdrawal;
C = Opening balance of the user account at the beginning of the financial year; and
E= Net winnings comprised in the earlier withdrawal or withdrawals computed under sub-rule (2), or under this
sub-rule, during the financial year till the time of subsequent withdrawal if tax has been deducted in accordance
with the provision of section 194BA on winnings comprised in such withdrawal or withdrawals.
(5) Net winnings in the formula given in sub-rule (4) shall be zero, if the sum of amounts B, C and E is equal to or
greater than the amount A.
(6) Net winnings comprised in the user account at the end of the financial year, for the purposes of section 194BA,
shall be calculated using the following formula, namely:–
Net winnings =(A+D)-(B+C+E), where –
A = Aggregate amount withdrawn from the user account during the financial year;
B = Aggregate amount of non-taxable deposit made in the user account by the owner of such account during
the financial year;
C = Opening balance of the user account at the beginning of the financial year;
D= Closing balance of the user account at the end of the financial year; and
E= Net winnings comprised in the earlier withdrawal or withdrawals computed under sub-rule (2), or sub-rule
(4), during the financial year if tax has been deducted in accordance with the provision of section 194BA on
winnings comprised in such withdrawal or withdrawals.
(7) Net winnings in the formula given in sub-rule (6) shall be zero, if the sum of amounts B, C and E is equal to or
greater than the sum of amount A and D.
Explanation 1.– For the purposes of this rule –
(a) “non-taxable deposit” means the amount deposited by the user in his user account and which is not taxable;
(b) “taxable deposit” means any amount deposited in the user account which is not a non-taxable deposit and
includes any amount paid directly to the user not through the user account; and
(c) “withdrawal” means any amount withdrawn by the user from any user account.
Explanation 2.– For the removal of doubts, it is hereby clarified that –
(a) user account shall include every account of user, by whatever name called, which is registered with the
online gaming intermediary and where any taxable deposit, non-taxable deposit or the winnings made by
the user is credited and withdrawal by the user is debited;
(b) whenever there is payment to the user in kind or in cash, or partly in kind and partly in cash, which is not
from the user account, the provisions of this rule shall apply to calculate net winnings by deeming that the
money equivalent to such payment has been deposited as taxable deposit in the user account and the
equivalent amount has been withdrawn from the user account at the same time and shall accordingly be
included in amount A;
(c) whenever there are multiple user accounts of the same user, each user account shall be considered for the
purposes of calculating net winnings and the deposit, withdrawal or balance in the user account shall
mean aggregate of deposit, withdrawal or balance in all user accounts;
(d) whenever there are multiple user accounts of the same user, transfer from one user account to another
user account, maintained with the same online gaming intermediary, of the same user shall not be
considered as withdrawal or deposit, as the case may be, for the purposes of deducting tax under section
194BA;
(e) whenever there is taxable deposit in the form of bonus, referral bonus, incentives, promotional money,
discount by whatever name called; and such deposit can only be used for playing the online games and not
for withdrawal or any other purposes, such deposit shall be ignored for the purposes of calculation of net
winnings and shall not be included in amount B or amount C or amount D; and
(f) whenever any bonus, referral bonus, incentives, promotional money, discount, by whatever name called, is
not considered as part of amount B or amount C or amount D under clause (e) and subsequently they are
recharacterised and allowed to be withdrawn, they shall be deemed as taxable deposit at the time of such
recharacterisation and it shall be deemed that the equivalent amount has been deposited in the user
account at that time.”.
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
28
4. In the principal rules, in Appendix II,–
(a) for Form No. 16 the following form shall be substituted with effect from 1st July 2023 and shall be
applicable for the assessment year 2024-25 and subsequent assessment years, namely:––
“FORM NO. 16
[See rule 31(1)(a)]
PART A
Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source on salary paid to an
employee under section 192 or pension or interest income of specified senior citizen under section 194P.
Certificate No.
Last updated on
Name and address of the Employer/Specified
Bank
Name and address of the Employee/ Specified
senior citizen
PAN of the
TAN of the Deductor
PAN of the
Employee Reference No./ Pension
Payment order No.
Deductor
Employee/specified
senior citizen
provided by the Employer
(If available)
CIT (TDS)
Assessment Year
Period with the Employer
Address……………………………
From
To
..…………………………………
City………………………………….
Pin Code …………………………….
Summary of amount paid/credited and tax deducted at source thereon in respect of the employee
Quarter(s)
Receipt Numbers of original
quarterly statement of TDS
under sub section (3) of
section 200
Amount
paid/credited
Amount of tax
deducted
(Rs.)
Amount of tax deposited/
remitted
(Rs.)
Total (Rs.)
I. DETAILS OF TAX DEDUCTED AND DEPOSITED IN THE CENTRAL
GOVERNMENT ACCOUNT THROUGH BOOK ADJUSTMENT
(The deductor to provide payment wise details of tax deducted and deposited with
respect to the deductee)
Sl. No.
Tax Deposited in
Book Identification Number (BIN)
respect of the deductee
Receipt
DDO serial
Date of
Status of
(Rs. )
numbers of
number in
transfer
matching
Form No.
Form No.
voucher
with Form
24G
24G
dd/mm/yyyy
No. 24G
Total (Rs. )
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
29
II.
DETAILS OF TAX DEDUCTED AND DEPOSITED IN THE CENTRAL GOVERNMENT ACCOUNT
THROUGH CHALLAN
(The deductor to provide payment wise details of tax deducted and deposited with respect to
the deductee)
Sl. No.
Tax Deposited in
Challan Identification Number (CIN)
respect of the
deductee (Rs. )
BSR Code of Date on which tax
Challan
Status of
the Bank
deposited
Serial
matching
Branch
(dd/mm/yyyy)
Number
With
OLTAS
Total ( Rs.)
Verification
I,…………….………......…., son/daughter of ………………….. working in the capacity of
…………..(designation) do hereby certify that a sum of Rs………….[Rs………………(in words)]
has been deducted and deposited to the credit of the Central Government. I further certify that the
information given above is true, complete and correct and is based on the books of account,
documents, TDS statements, TDS deposited and other available records.
Place…………………………....…
(Signature of person responsible for deduction of tax)
Date………………………….....…
Designation:
………………………...
Full Name: ……………………………………………
[PART B (Annexure-I)
In relation to employees for tax deduction under section 192
Details of salary paid and any other income and tax deducted
A
Whether opting out of taxation u/s 115BAC(1A)?
[YES/NO]
1.
Gross Salary
(a)
Salary as per provisions contained in section 17(1)
Rs. ...
(b)
Value of perquisites under section 17(2) (as per Form No.
Rs. ...
12BA, wherever applicable)
(c)
Profits in lieu of salary under section 17(3) (as per Form
Rs. ...
No. 12BA, wherever applicable)
(d)
Total
Rs. ...
(e)
Reported total amount of salary received from other
Rs. ...
employer(s)
2.
Less: Allowances to the extent exempt under section 10
(a)
Travel concession or assistance under section 10(5)
Rs. ...
(b)
Death-cum-retirement gratuity under section 10(10)
Rs. ...
(c)
Commuted value of pension under section 10(10A)
Rs. ...
(d)
Cash equivalent of leave salary encashment under section
Rs. ...
10(10AA)
(e)
House rent allowance under section 10(13A)
Rs. ...
(f)
Other special allowances under section 10(14)
Rs …
(g)
Amount of any other exemption under section 10
[भाग II—खण् ड 3(i)]
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30
clause …
Rs. ...
clause …
Rs. ...
clause …
Rs. ...
clause …
Rs. ...
clause …
Rs. ...
…
Rs. ...
(h)
Total amount of any other exemption under section 10
Rs. ...
(i)
Total amount of exemption claimed under section 10
Rs. ...
[2(a)+2(b)+2(c)+2(d)+2(e)+2(f)+2(h)]
3.
Total amount of salary received from current employer
Rs. ...
[1(d)-2(i)]
4.
Less: Deductions under section 16
(a)
Standard deduction under section 16(ia)
Rs. ...
(b)
Entertainment allowance under section 16(ii)
Rs. ...
(c)
Tax on employment under section 16(iii)
Rs. ...
5.
Total amount of deductions under section 16
Rs. ...
[4(a)+4(b)+4(c)]
6.
Income chargeable under the head "Salaries" [(3+1(e)-5]
Rs. ...
7.
Add: Any other income reported by the employee under as per section 192 (2B)
(a)
Income (or admissible loss) from house property reported
Rs. ...
by employee offered for TDS
(b)
Income under the head other sources offered for TDS
Rs. ...
8.
Total amount of other income reported by the employee
Rs. ...
[7(a)+7(b)]
9.
Gross total income (6+8)
Rs. ...
10.
Deductions under Chapter VI-A
Gross
Deductible Amount
Amount
(a)
Deduction in respect of life insurance premia,
Rs. ...
Rs. ...
contributions to provident fund etc. under section 80C
(b)
Deduction in respect of contribution to certain pension
Rs. ...
Rs. ...
funds under section 80CCC
(c)
Deduction in respect of contribution by taxpayer to
Rs. ...
Rs. ...
pension scheme under section 80CCD (1)
(d)
Total deduction under section 80C, 80CCC and 80CCD(1)
Rs. ...
Rs. ...
(e)
Deductions in respect of amount paid/deposited to notified
Rs. ...
Rs. ...
pension scheme under section 80CCD (1B)
(f)
Deduction in respect of contribution by Employer to
Rs. ...
Rs. ...
pension scheme under section 80CCD (2)
(g)
Deduction in respect of health insurance premia under
Rs. ...
Rs. ...
section 80D
(h)
Deduction in respect of interest on loan taken for higher
Rs. ...
Rs. ...
education under section 80E
(i)
Deduction in respect of contribution by the employee to
Agnipath Scheme under section 80CCH
Rs. ...
Rs. ...
(j)
Deduction in respect of contribution by the Central
Government to Agnipath Scheme under section 80CCH
Rs. ...
Rs. ...
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
31
Gross
Qualifying Deductible Amount
Amount Amount
(k)
Total Deduction in respect of donations to certain funds,
Rs. ...
Rs. ...
Rs. ...
charitable institutions, etc. under section 80G
(l)
Deduction in respect of interest on deposits in savings
Rs. ...
Rs. ...
Rs. ...
account under section 80TTA
(m) Amount deductible under any other provision(s) of Chapter VI‐A
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
…
Rs. ...
Rs. ...
Rs. ...
(n) Total of amount deductible under any other provision(s) of
Rs. ...
Rs. ...
Rs. ...
Chapter VI‐A
11. Aggregate of deductible amount under Chapter VI-A
Rs. ...
[10(d)+10(e)+10(f)+10(g)+10(h)+ 10(i)+10(j) +10(k) +10(l)
+10(n)]
12. Total taxable income (9-11)
Rs. ...
13. Tax on total income
Rs. ...
14. Rebate under section 87A, if applicable
Rs. ...
15. Surcharge, wherever applicable
Rs. ...
16. Health and education cess @ 4%
Rs. ...
17. Tax payable (13+15+16-14)
Rs. ...
18. Less: Relief under section 89 (attach details)
Rs. ...
19. Net tax payable (17-18)
Rs. ...
Verification
I, …………………………….., son/daughter of ……………………………………….working in the capacity
of.………………………......... (designation) do hereby certify that the information given above is true, complete and
correct and is based on the books of account, documents, TDS statements, and other available records
Place…………………………......…
(Signature of person responsible for deduction of tax)
Date………………………….......…
Full Name : ……………………………
Annexure II
In relation to specified senior citizen for tax deduction under section 194P
A
Whether opting out of taxation u/s 115BAC(1A)?
[YES/NO]
1.
Gross Salary
(a)
Pension as per provisions contained in clause (ii) of section
17(1)
Rs. ...
2.
Total amount of salary received
Rs. ...
3.
Less: Deductions under section 16
(a)
Standard deduction under section 16(ia)
Rs….
(b)
Tax on employment under section 16(iii)
Rs. ...
4.
Total amount of deductions under section 16 [3(a)+3(b)]
Rs. ...
5.
Income chargeable under the head "Salaries" [(2-4]
Rs. ...
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
32
6.
Interest Income under the head “Other Sources” paid by the
specified bank
Rs. ...
7.
Gross total income (5+6)
Rs. ...
8.
Deductions under Chapter VI-A
Gross
Amount
Deductible
Amount
(a)
Deduction in respect of life insurance premia, contributions
to provident fund etc. under section 80C
Rs. ...
Rs. ...
(b)
Deduction in respect of contribution to certain pension funds
under section 80CCC
Rs. ...
Rs. ...
(c)
Deduction in respect of contribution by taxpayer to pension
scheme under section 80CCD(1)
Rs. ...
Rs. ...
(d)
Total deduction under section 80C, 80CCC and 80CCD (1)
Rs. ...
Rs. ...
(e)
Deductions in respect of amount paid/deposited to notified
pension scheme under section 80CCD (1B)
Rs. ...
Rs. ...
(f)
Deduction in respect of health insurance premia under
section 80D
Rs. ...
Rs. ...
(g)
Deduction in respect of interest on loan taken for higher
education under section 80E
Rs. ...
Rs. ...
Gross
Amount
Qualifying
Amount
Deductible
Amount
(h)
Total Deduction in respect of donations to certain funds,
charitable institutions, etc. under section 80G
Rs. ...
Rs. ...
Rs. ...
(i)
Deduction in respect of interest on deposits in savings
account under section 80TTB
Rs. ...
Rs. ...
Rs. ...
(j)
Amount deductible under any other provision(s) of Chapter VI‐A
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
section …
Rs. ...
Rs. ...
Rs. ...
…
Rs. ...
Rs. ...
Rs. ...
(k)
Total of amount deductible under any other provision(s) of
Chapter VI‐A
Rs. ...
Rs. ...
Rs. ...
9.
Aggregate of deductible amount under Chapter VI-A
[8(d)+8(e)+8(f)+8(g)+8(h)+8(i)+8(k)]
Rs. ...
10.
Total taxable income (7-9)
Rs. ...
11.
Tax on total income
Rs. ...
12.
Rebate under section 87A, if applicable
Rs. ...
13.
Surcharge, wherever applicable
Rs. ...
14.
Health and education cess
Rs. ...
15.
Tax payable (11+13+14-12)
Rs. ...
16.
Less: Relief under section 89 (attach details)
Rs. ...
17.
Net tax payable (16-17)
Rs. ...
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
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Verification
I, …………………………….., son/daughter of ……………………………………….working in
the capacity of .………………………......... (designation) do hereby certify that the information
given above is true, complete and correct and is based on the books of account, documents, TDS
statements, and other available records.
Place………………………….....
(Signature of person responsible for deduction of tax)
Date…………………………......
Full Name : ……………………………
Notes:
1.
Government deductors to fill information in item I of Part A if tax is paid without production of an income-tax
challan and in item II of Part A if tax is paid accompanied by an income-tax challan.
2.
Non-Government deductors to fill information in item II of Part A.
3.
The deductor shall furnish the address of the Commissioner of Income-tax (TDS) having jurisdiction as regards
TDS statements of the assessee.
4.
If an assessee is employed under one employer only during the year, certificate in Form No. 16 issued for the
quarter ending on 31st March of the financial year shall contain the details of tax deducted and deposited for all
the quarters of the financial year.
5.
(i) If an assessee is employed under more than one employer during the year, each of the employers shall issue
Part A of the certificate in Form No. 16 pertaining to the period for which such assessee was employed with
each of the employers.
(ii)
Part B (Annexure-I) of the certificate in Form No.16 may be issued by each of the employers or the last
employer at the option of the assessee.
(iii) Part B (Annexure-II) of the certificate in Form 16 may be issued by the specified bank to a specified
senior citizen.
6.
In Part A, in items I and II, in the column for tax deposited in respect of deductee, furnish total amount of tax,
surcharge and health and education cess.
7.
Deductor shall duly fill details, where available, in item numbers 2(f) and 10(k) before furnishing of Part B
(Annexure-I) to the employee.”.
34
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
(b) in form 24Q, with effect from 1st July, 2023,–
(i) in serial number 4, in the table, in column No. 4, for the words “Education Cess”, the words “Health and Education Cess” shall be substituted;
(ii) in Annexure I, in the table before “Verification”, in column No. 11, for the words “Education Cess”, the words, “Health and Education Cess”
shall be substituted;
(iii) for “Annexure II”, the following “Annexure II” shall be substituted, namely:––
“Annexure II
Details of salary paid or credited during the financial year ………………………….and net tax payable (under section 192)
Serial
number.
Permanent
Account
Number of the
employee.
Name of the
employee.
Whether opting
out from taxation
u/s 115BAC(1A)
[Yes/No]
Deductee
type (Senior
Citizen,
Super Senior
Citizen,
Others).
Date from and date up
to employed with
current employer in
the current financial
year
(dd/mm/yyyy).
(a) Gross
Salary as per
provisions
contained in
section 17(1).
(b) Value of
perquisites under
section 17(2)
(as per FormNo.12BA,
wherever applicable).
(c) Profits in lieu
of salary under
section 17(3)
(as per Form
No.12BA,
wherever
applicable).
Total amount of
gross salary
received from
current employer
(see Note 1 for
definition of
Salary).
(330)
(331)
(332A)
(332B)
(333)
(334)
(335)
(336)
(337)
(338)
Reported
total amount
of salary
received
from other
employer(s)
(see Note 1
for
definition of
Salary).
Travel
concession or
assistance
under section
10(5).
Death-cum-
retirement
gratuity
under
section
10(10).
Commuted
value of
pension under
section
10(10A).
Cash
equivalent of
leave salary
encashment
under section
10(10AA).
House rent
allowance
under section
10(13A).
PAN of
landlord, if
exemption is
claimed
under
section
10(13A)
(see Note 3).
Other
special
allowances
under
section
10(14).
Amount
of any
other
exemption
under
section
10.
Total amount of exemption claimed
under section 10
(340+341+342+343+344+346A+346B).
Total
deduction
under
section
16(ia).
(339)
(340)
(341)
(342)
(343)
(344)
(345)
(346A)
(346B)
(347)
(348)
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
35
Total
deduction
under
section
16(ii).
Total
deduction
under section
16(iii).
Income
chargeable under
the head
"Salaries"
[338+339-
(347+348+
349+350)].
Income (or
admissible loss)
from house
property
reported by
employee
offered for TDS
as per section
192 (2B).
PAN of
lender, if
interest on
housing loan
is claimed
under section
24(b) (see
Note 4).
Income under
the head other
sources offered
for TDS as per
section 192
(2B).
Gross total
income
(351+352+
354).
Deduction in respect
of life insurance
premia, contributions
to provident fund
etc. under section
80C.
Deduction in respect
of contribution to
certain pension funds
under section
80CCC.
Deduction in respect
of contribution by
taxpayer to notified
pension scheme
under section
80CCD(1)
Gross
amount
Deductible
amount
Gross
amount
Deductible
amount
Gross
amount
Deductible
amount
(349)
(350)
(351)
(352)
(353)
(354)
(355)
(356)
(357)
(358)
(359)
(360)
(361)
Deduction in
respect of amount
paid or deposited
under notified
pension scheme
under section
80CCD(1B).
Deduction in respect
of contribution by
employer to notified
pension scheme
under section
80CCD(2).
Deduction in
respect of
contribution by
the employee to
Agnipath
Scheme under
section 80CCH
Deduction in
respect of
contribution by
the Central
Government to
Agnipath
Scheme under
section 80CCH
Deduction in respect
of health insurance
premia under
section 80D.
Deduction in respect
of interest on loan
taken for higher
education under
section 80E.
Total deduction in respect of
donations to certain funds,
charitable institutions, etc.
under section 80G.
Deduction in respect of interest
on deposits in savings account
under section 80TTA.
Amount deductible under any
other provision (s) of Chapter
VI‐A.
Total amount
deductible
under Chapter
VI‐A
[357+359+361
(limited to Rs.
1,50,000) +363
+364B + 365B
+366B+ 367B
+369 +372
+375 +378].
Gross
amount
Deducti
ble
amount
Gross
amount
Deduc
tible
amount
Gross
amount
Deducti
ble
amount
Gross
amount
Deducti
ble
amount
Gross
amount
Deducti
ble
amount
Gross
amount
Deductibl
e amount
Gross
amount
Qualify
ing
amount
Deducti
ble
amount
Gross
amount
Qualify
ing
amount
Deducti
ble
amount
Gross
amount
Qualify
ing
amount
Deducti
ble
amount
(362)
(363)
(364A)
(364B)
(365A)
(365B)
(366A)
(366B)
(367A)
(367B)
(368)
(369)
(370)
(371)
(372)
(373)
(374)
(375)
(376)
(377)
(378)
(379)
36
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
Total taxable
income
(355-379).
Income-tax on
total income.
Rebate under
section 87A, if
applicable.
Surcharge,
wherever
applicable.
Health
and
education
cess.
Income‐tax
relief under
section 89, when
salary, etc. is
paid in arrear or
advance.
Net tax liability
[381+383+384-
(382+385)].
Total amount of tax
deducted at source
by the current
employer for the
whole year
[aggregate of the
amount in columns
325 of Annexure I
for all the quarters in
respect of each
employee].
Reported amount of
tax deducted at
source by other
employer(s) or
deductor(s) (income
in respect of which
included in
computing total
taxable income in
column 339).
Total amount
of tax
deducted at
source for the
whole year
(387+388).
Shortfall in tax
deduction (+) or
excess tax deduction
(‐) (386-389).
(380)
(381)
(382)
(383)
(384)
(385)
(386)
(387)
(388)
(389)
(390)
Notes:
1.
Salary includes wages, annuity, pension, gratuity (other than exempted under section 10(10), fees, commission, bonus, repayment of amount deposited under the Additional
Emoluments (Compulsory Deposit) Act, 1974 (37 of 1974), perquisites, profits in lieu of or in addition to any salary or wages including payments made at or in connection
with termination of employment, advance of salary, any payment received in respect of any period of leave not availed (other than exempted under section 10 (10AA), any
annual accretion to the balance of the account in a recognised provident fund chargeable to tax in accordance with rule 6 of Part A of the Fourth Schedule of the Income-tax
Act, 1961, any sums deemed to be income received by the employee in accordance with sub‐rule (4) of rule 11 of Part A of the Fourth Schedule of the Income-tax Act, 1961,
any contribution made by the Central Government to the account of the employee under a pension scheme referred to in section 80CCD or any other sums chargeable to
income-tax under the head 'Salaries'.
2.
Where an employer deducts from the emoluments paid to an employee or pays on his behalf any contributions of that employee to any approved superannuation fund, all
such deductions or payments should be included in the statement.
3.
Permanent account number of landlord shall be mandatorily furnished where the aggregate rent paid during the previous year exceeds one lakh rupees.
4.
Permanent account number of lender shall be mandatorily furnished where the housing loan, on which interest is paid, is taken from a person other than a Financial Institution
or the Employer.”;
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
37
(iv) in Annexure III, in the fifth column of the first table, for the words “Whether opting for taxation u/s 115BAC [Yes/No]”, the words “Whether opting out of taxation u/s
115BAC(1A) [Yes/No]” shall be substituted;
(c) in form 26Q, with effect from 1st July, 2023,––
(i) 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, 194K, 194LA,
194LBA, 194LBB, 194LBC, 194N, 194-O, 194P, 194Q, 194R, 194S, 197A, 206AA, 206AB and rule 31A]”, the following brackets, words, figures and letters, shall be substituted,
namely:––
“[See sections 192A, 193, 194, 194A, 194B, 194BA, 194BB, 194C, 194D, 194DA, 194EE, 194F, 194G, 194H, 194-I, 194J, 194K, 194LA, 194LBA, 194LBB, 194LBC, 194N, 194-O,
194P, 194Q, 194R, 194S, 197A, 206AA, 206AB and rule 31A]”;
(ii) 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
Name of the Deductor/Payer
Date on which challan deposited/Transfer voucher date (dd/mm/yyyy)
TAN
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
38
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
Sl.
No.
Deductee
/payee
reference
number
provided
by the
deductor/
payer, if
available
Deduct ee/
payee code
(01-
Company
02-
Other than
comp any)
PAN of
the
deductee
/ payee
Name
of the
deduct
ee/
payee
Section
code
(See
Note 16)
Date of
payme
nt or
credit
(dd/mm/
yyyy)
Amount
paid
or
credite
d
Amount of
cash
withdrawal
in excess of
Rs. 1 crore
as referred
to in section
194N
(in cases not
covered by
the first
proviso or
third
proviso to
section
194N)
Amount of
cash
withdrawal
which is in
excess of
Rs.
20 lakh but
does not
exceed Rs 1
crore for
cases
covered by
sub- clause
(a) of clause
(ii) of first
proviso to
section
194N
(except co-
operative
societies)
Amount of
cash
withdrawal
in excess of
Rs. 1 crore
for cases
covered
by sub-
clause
(b) of
clause
(ii) of first
proviso to
section
194N
(except co-
operative
societies)
Amount of
cash
withdrawal
in excess of
Rs. 3 crore
in case of
co-
operative
societies as
covered by
third
proviso to
section
194N (in
cases not
covered by
the first
proviso to
section
194N)
Amount of
cash
withdrawal
which is in
excess of
Rs.
20 lakh but
does not
exceed Rs
3 crore for
cases
covered by
sub- clause
(a) of
clause (ii)
of first
proviso
read with
third
proviso to
section
194N
(in case of
co-
operative
societies)
Amount of
cash
withdrawal
which is in
excess of
Rs 3 crore
for cases
covered by
sub- clause
(b) of
clause (ii)
of first
proviso
read with
third
proviso to
section
194N
(in case of
co-
operative
societies)
Total
tax
deduct
ed
Total tax
deposit ed
Date of
deductio n
(dd/mm/
yyyy)
Rate at
which
deduct ed
Reason for
non-
deduction
/ lower
deduction/
Higher
Deduction/
Threshold/
Transporter
etc. (See
notes 1 to
15)
Number of
the
certificate
under
section 197
issued by
the
Assessing
Officer for
non-
deduction /
lower
deduction
[412]
[413]
[414]
[415]
[416]
[417]
[418]
[419]
[419A]
[419B] [419C]
[419D]
[419E]
[419F]
[420]
[421]
[422]
[423]
[424]
[425]
1
2
3
Total
If section code 94B-P is selected, then provide
If section code 94R-P is selected, then provide
If section code 94S-P is selected, then provide
If section code 94BA-P is selected, then provide
Amount of
tax
deposited
BSR Code
of bank
Date of
payment
Challan
serial
number
Amount of
tax
deposited
BSR Code
of bank
Date of
payment
Challan
serial
number
Amount of
tax
deposited
BSR Code
of bank
Date of
payment
Challan
serial
number
Amount of
tax
deposited
BSR
Code of
bank
Date of
payment
Challan
serial
number
[426A]
[426B]
[426C]
[426D]
[427A]
[427B]
[427C]
[427D]
[428A]
[428B]
[428C]
[428D]
[429A]
[429B]
[429C]
[429D]
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
39
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 section197.
2.
Write “B” if no deduction is on account of declaration under section197A other than the cases mentioned in sub-section (1F) of section 197A.
3.
Write “C” if deduction is on higher rate under section 206AA on account of non-furnishing of PAN.
4.
Write “D” if no deduction or lower deduction is on account of payment made to a person or class of person on account of notification issued under
sub-section (5) of section 194A.
5.
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. 18/2017 dated 29th May 2017
6.
Write “Y” if no deduction is on account of payment below threshold limit specified in the Income-tax Act, 1961.
7.
Write “T” if no deduction is on account of deductee/payee being transporter. PAN of deductee/payee is mandatory [section 194C(6)].
8.
Write “Z” if no deduction or lower deduction is on account of payment being notified under section 197A(1F).
9.
Write “M” if no deduction or lower deduction is on account of notification issued under second proviso to section 194N.
10.
Write “N” if no deduction or lower deduction is on account of payment made to a person referred to in the fourth proviso to section 194 N or on
account of notification issued under fifth proviso to section 194N.
11.
Write “O” if no deduction is as per the provisions of sub-section (2A) of section 194LBA.
12.
Write “P” if no deduction is on account of payment of dividend made to a business trust referred to in clause (d) of second proviso to section 194 or
in view of any notification issued under clause (e) of the second proviso to section 194.
13.
Write “Q” if no deduction in view of payment made to an entity referred to in clause (x) of sub-section (3) of section 194A.
14.
Write “S” if no deduction is in view of the provisions of sub-section (5) of section 194Q.
15.
Write “U” if the deduction is on higher rate in view of section 206AB for non-filing of return of income.
16.
List of section codes is as under:
40
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
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 lottery or crossword puzzle, etc
94B
Proviso to section
194B
Winnings from lottery or crossword puzzle, etc where consideration is made in kind or cash is not sufficient to meet the tax liability and tax
has been paid before such winnings are released
94B-P
194BA
Winnings from online games
94BA
Sub-section (2) of section
194BA
Net Winnings from online games where the net winnings are made in kind or cash is not sufficient to meet the tax liability and tax has been
paid before such net winnings are released
94BA-P
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
194-I (b)
Rent
4-IB
194J(a)
Fees for Technical Services (not being professional service), royalty for sale, distribution or exhibition of cinematographic films and call
center (@2%)
94J-A
194J(b)
Fee for professional service or royalty etc (@10%)
94J-B
194K
Income in respect of units
94K
194LA
Payment of Compensation on acquisition of certain immovable property
4LA
194LBA(a)
Certain income in the form of interest from units of a business trust to a resident 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
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
41
194LBC
Income in respect of investment in securitization trust
LBC
194N
Payment of certain amounts in cash other than cases covered by first proviso or third proviso
94N
194N First Proviso
Payment of certain amounts in cash to non-filers except in case of co-operative societies
94N-F
194N Third Proviso
Payment of certain amounts in cash to co-operative societies not covered by first proviso
94N-C
194N First Proviso read
with Third Proviso
Payment of certain amount in cash to non-filers being co-operative societies
94N-FT
194-O
Payment of certain sums by e-commerce operator to e-commerce participant
94O
194Q
Payment of certain sums for purchase of goods
94Q
194R
Benefits or perquisites of business or profession
94R
First Proviso to sub-
section (1) of section
194R
Benefits or perquisites of business or profession where such benefit is provided in kind or where part in cash is not sufficient to meet tax
liability and tax required to be deducted is paid before such benefit is released
94R-P
194S
Payment of consideration for transfer of virtual digital asset by persons other than specified persons
94S
Proviso to sub-section (1)
of section 194S
Payment for transfer of virtual digital asset where payment is in kind or in exchange of another virtual digital asset and tax required to be
deducted is paid before such payment is released
94S-P”;
(d) in Form 27Q, with effect from 1st July, 2023, –
(i) for the brackets, words, figures and letters“[See section 194E, 194LB, 194LBA, 194LBB, 194LBC, 194LC, 194N, 195, 196A, 196B, 196C, 196D, 197A, 206AA, 206AB and rule
31A”, the following brackets, words, figures and letters shall be substituted, namely: –
“See section 194B, 194BA, 194BB, 194E, 194LB, 194LBA, 194LBB, 194LBC, 194LC, 194N, 195, 196A, 196B, 196C, 196D, 197A, 206AA, 206AB and rule 31A”
(ii) in serial number 4, in the table, in column No. 4, for the words “Education Cess”, the words, “Health and Education Cess” shall be substituted;
(iii) for “Annexure”, the following “Annexure” shall be substituted, namely:––
42
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
“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
Name of the Deductor/ Payer
Date on which challan deposited/Transfer voucher date (dd/mm/yyyy)
TAN
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
Sl. No
Deductee
reference
number
provided
by the
deductor,
if
available
Deductee
code
(See Note
11)
Permanent
Account
Number or
Aadhaar
Number of
the
deductee
[see note
12]
Name of
the
deductee
Section
code
(see
Note
13)
Whether
deductee
opting
out of
taxation
regime
u/s
115BAC
(1A)?
(Y/N)
Date of
payment or
credit
(dd/mm/yyyy)
Amount of
cash
withdrawal
in excess of
Rs 1 crores
as referred
to in
section
194N (in
cases not
covered by
the first
proviso or
third
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
(except
co-
operative
societies)
Amount of
cash
withdrawal
which is in
excess of Rs 1
crores for
cases covered
by sub-clause
(b) of
clause (ii) of
first proviso to
Section 194N
(except co-
operative
societies)
Amount of
cash
withdrawal
in excess of
Rs. 3 crore
in case of
co-
operative
societies as
covered by
third
proviso to
section
194N (in
cases not
covered by
the first
proviso to
section
194N)
Amount of
cash
withdrawal
which is in
excess of
Rs.
20 lakh but
does not
exceed Rs
3 crore for
cases
covered by
sub- clause
(a) of
clause (ii)
of first
proviso
read with
third
proviso to
section
194N
(in case of
co-
operative
societies)
Amount of
cash
withdrawal
which is in
excess of
Rs 3 crore
for cases
covered by
sub- clause
(b) of
clause (ii)
of first
proviso
read with
third
proviso to
section
194N
(in case of
co-
operative
societies)
Amount
paid or
credited
Tax
Surcharge Health and
Education
Cess
Total tax
deducted
[722+
723
+
724]
Total tax
deposited
[714] [715]
[716]
[717]
[718] [719A]
[719B]
[720]
[720A]
[720B]
[720C]
[720D]
[720E]
[720F]
[721]
[722]
[723]
[724] [725]
[726]
1
2
3
Total
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
43
Date of
deduction
(dd/mm/yyyy)
Rate at which
deducted
Reason for
non- deduction/
lower
deduction/
grossing up/
Higher
Deduction (See
notes 1 to 10)
Number of the
certificate
issued by the
Assessing
Officer for
non-
deduction/
lower
Deduction
Whether the rate of
TDS is as per
IT Act (a)
DTAA (b)
Nature of
Remittance
Unique
Acknowledgement
of the
corresponding
Form No. 15CA, if
available
Country to
which
remittance is
made
Email ID of
deductee
Contact number of
deductee
Address
of
deductee
in
country
of
residence
Tax
Identification
Number/ Unique
identification
number of
deductee
[727]
[728]
[729]
[730]
[731]
[732]
[733]
[734]
[735]
[736]
[737]
[738]
If section code 94B-P is selected, then provide
If section code 94BA-P is selected, then provide
Amount
of tax
deposited
BSR
Code
of
bank
Date of
payment
Challan
serial
number
Amount
of tax
deposited
BSR
Code
of
bank
Date of
payment
Challan
serial
number
[739]
[740]
[741]
[742]
[743]
[744]
[745]
[746]
44
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.
2. Write “C” if grossing up has been done.
3. Write “D” if deduction is on higher rate under section 206AA on account of non-furnishing of Permanent Account Number or Aadhaar
Number or non-linking of PAN with Aadhaar.
4. Write “E” 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 proviso 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 fourth proviso to section 194N
or on account of notification issued under the fifth proviso to section 194N.
7. Write “O” if no deduction is in view of clause (a) or (b) of sub-section (1D) of section 197A.
8. Write “H” if no deduction is in view of proviso to sub-section (1A) of section 196D in respect of an income paid to a specified fund which is
exempt under clause (4D) of section 10.
9. Write “I” if no deduction is in view of sub-section (2) of section 196D in respect of income of the nature of capital gains on transfer of
securities referred to in section 115AD paid or payable to a Foreign Institutional Investor.
10. Write “J” if deduction is at higher rate in view of section 206AB for non-filing of return of income by the non-resident having a permanent
establishment in India.
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
45
11. List of deductee codes
Sr No.
Deductee Code
Description
1
01
Company, other than domestic company
2
02
Individual
3
03
Hindu Undivided Family
4
04
Association of Persons (AOP) except in case of AOP consisting of only companies as its members
5
05
Association of Persons (AOP) consisting of only companies as its members
6
06
Co-operative Society
7
07
Firm
8
08
Body of individuals
9
09
Artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act 1961
10
10
Others
12. In case of deductees covered under rule 37BC, Permanent Account Number or Aadhaar Number NOT AVAILABLE should be mentioned.
13. List of section codes is as under:
Section
Nature of Payment
Section Code
192A
Payment of accumulated balance due to an employee
192A
194B
Winnings from lottery or crossword puzzle, etc
94B
Proviso to section
194B
Winnings from lottery or crossword puzzle, etc where consideration is made in kind or cash is not sufficient to meet the tax
liability and tax has been paid before such winnings are released
94B-P
194BA
Winnings from online games
94BA
Sub-section (2) of section
194BA
Net Winnings from online games where the net winnings are made in kind or cash is not sufficient to meet the tax liability
and tax has been paid before such net winnings are released
94BA-P
194BB
Winnings from horse race
4BB
194E
Payments to non-resident Sportsmen/Sport Associations
94E
46
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
194LB
Income by way of interest from infrastructure debt fund
4LB
194LBA(a)
income referred to in section 10(23FC)(a) from units of a business trust.
LBA1
194LBA(b)
Income referred to in section 10(23FC)(b) from units of a business trust
LBA2
194LBA(c)
Income referred to in section 10(23FCA) from units of a business trust
LBA3
194LBB
Income in respect of units of investment fund
LBB
194LBC
Income in respect of investment in securitisation trust
LBC
194LC (2)(i) and (ia)
Income under clause (i) and (ia) of sub-section (2) of section 194LC
4LC1
194LC (2)(ib)
Income under clause (ib) of sub-section (2) of section 194LC
4LC2
194LC (2)(ic)
Income under clause (ic) of sub-section (2) of section 194LC
4LC3
194LD
Income by way of interest on certain bonds and Government securities.
4LD
194N
Payment of certain amounts in cash other than cases covered by first proviso or third proviso
94N
194N First Proviso
Payment of certain amount in cash to non-filers except in case of co-operative societies
4N-F
194N Third Proviso
Payment of certain amounts in cash to co-operative societies not covered by first proviso
4N-C
194N First Proviso read with
Third Proviso
Payment of certain amount in cash to non-filers being co-operative societies
4N-FT
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-Resident
96C
196D(1)
Income of foreign institutional investors from securities under sub-section (1)
96D
196D(1A)
Income of specified fund from securities referred to in clause (a) of sub-section (1) of section 115AD (other than interest
income referred to in section 194LD)
96DA”
(e) in Form 27EQ, with effect from 1st July, 2023, –
(i) in serial number 4, in the table, in column No. 4, for the words “Education Cess”, the words, “Health and Education Cess” shall be substituted;
(ii) for “Annexure” the following “Annexure” shall be substituted, namely:––
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
47
“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 the quarter ended (dd/mm/yyyy) and of tax collected at source
Sl.
No.
Collec
tee
refere
nce
numbe
r
provid
ed by
the
collect
or, if
availa
ble
Collec
tee
code
(see
Note
10)
Whet
her
reside
nt or
non-
reside
nt
(Y/N)
PAN of
the
Collectee
Whether
collectee
opting out of
taxation
regime u/s
115BAC(1A)?
Name
of
Collec
tee
Total
value of
the
transact
ion
Amount
received
/
debited
Date
on
which
amou
nt
receiv
ed/
debite
d (dd/
mm/
yyyy)
Collect
ion
Code
(See
Note
11)
Tax
Surcharge
Healt
h and
Educ
ation
Cess
Total tax
collected
[673+674+675]
[66
4]
[665]
[666A]
[666B]
[667A]
[667B]
[668]
[669]
[670]
[671]
[672]
[673]
[674]
[675]
[676]
1
2
3
Total
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 collectees as in the vertical
total of Col. 677
Total interest to be allocated among the collectees mentioned below
48
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
Total tax deposited
Date of collection
(dd/ mm/ yyyy)
Rate at which
collected
Reason for non-
collection/ lower
collection/ or collection
at higher rate (See Note
1
to 9)
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 (i) 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
[677]
[678]
[679]
[680]
[681]
[681A]
[681B
[681C]
Verification
I,
, hereby certify that all the particulars furnished above are correct and complete.
Place: ………………….. Signature of the person responsible for collecting tax at source
…………………..
Date: ………………….. Name and designation of the person responsible for collecting tax at source
…………………..
Notes:
1. Write "A" if "lower collection" is on account of a certificate under sub-section (9) of section 206C.
2. Write "B" if "non-collection" is on account of furnishing of declaration under sub-section (1A) of section 206C.
3. Write "C" if collection is at higher rate under section 206CC on account of non-furnishing of PAN/Aadhaar by the collectee
4. Write "D" if no collection is on account of the first proviso to sub-section (1G) of section 206C.
5. Write "E" if no collection is on account of the fourth proviso to sub-section (1G) of section 206C.
6. Write "F" if no collection is on account clause (i) or clause (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 to sub-section (1H) of section 206C.
9.
Write “I” if collection is at a higher rate in view of section 206CCA.
10.
List of Collectee Codes
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
49
Sl No.
Party Code
Description
1
01
Company
2
02
Individual
3
03
Hindu Undivided Family
4
04
Association of Persons (AOP) except in case of AOP consisting of only companies as its members
5
05
Association of Persons (AOP) consisting of only companies as its members
6
06
Co-operative Society
7
07
Firm
8
08
Body of individuals
9
09
Artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act 1961
10
10
Others
11.
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 than a forest lease
6C
C
206C
Collection at source from any other forest produce (not being tendu leaves)
6C
D
206C
Collection at source from scrap
6C
E
206C
Collection at source from contractors or licensee or lease relating to parking lots
6C
F
206C
Collection at source from contractors or licensee or lease relating to toll plaza
6C
G
206C
Collection at source from contractors or licensee or lease relating to mine or quarry
6C
H
206C
Collection at source from tendu leaves
6C
I
206C
Collection at source on sale of minerals, being coal or lignite or iron ore
6C
J
206C
Collection at source on cash sale of bullion and jewellery
6C
K
206C
Collection at source on sale of motor vehicle
6C
L
206C
Collection at source for purchase of overseas tour program package
6C
O
206C
Collection at source on remittance under LRS from educational loan taken from financial institution mentioned in section 80E
6C
P
206C
Collection at source on remittance under LRS except for the purposes of education or medical treatment
6C
Q
206C
Collection at source on remittance under LRS is for the purposes of education or medical treatment and not covered under Code P
6C
T
206C
Collection at source on sale of goods
6C
R”.
[Notification No. 28/2023 / F.No. 370142/12/2023-TPL]
MRINALINI KAUR SAPRA, Director
Note. – The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969 (E), dated the 26th March, 1962 and was last
amended vide notification number G.S.R. 227(E) dated 28.3.2023.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
