Tax Deduction & Collection Account Number U/S 203A of Income Tax Act, 1961
Every person, deducting or collecting tax, who has not been allotted a tax deduction account number or, as the case may be, a tax collection account number, shall, within 01 month from the end of the month in which tax was deducted or collected, apply to the AO (Assessing Officer) for the allotment of a “tax deduction & collection account number”.
The above number will be quoted in –
- All challans for the payment of TDS or tax collected at source.
- All Tax Deducted at Source or tax collected at source certificates issued under the Act
- All the Tax Deducted at Source or tax collected at source returns prepared and delivered under the Act
- All other documents pertaining to such transactions as may be prescribed in the revenue’s interest.
The provisions of this section will not apply to such person, as may be notified by the Central Government in this behalf.
Extraction of Section 203A of Income Tax Act, 1961
Tax Deduction & Collection Account Number
(1) Every person, collecting tax or deducting tax in accordance with the provisions of this Chapter, who has not been allotted a tax deduction account number or, as the case may be, a tax collection account number, shall, apply to the AO for the allotment of a “tax deduction and collection account number” within such time as may be prescribed.
(2) Where a “tax collection account number” or, a “tax deduction account number” or a “tax deduction and collection account number” has been allotted to a person, such person will quote such number—
(a) In all challans for the payment of any sum according to the provisions of section 206C- section 200 or sub-section (3);
(b) In all certificates comes U/S 203 or sub-section (5) of section 206C;
(ba) In all the statements prepared & delivered or caused to be delivered as per the provisions of section 200- sub-section (3) or section 206C- sub-section (3);
(c) In all the returns, delivered according to the provisions of section 206 or sub-section (5A) or sub-section (5B) of section 206C to any income-tax authority; &
(d) In all other documents belonging to such transactions as may be prescribed in the interests of revenue.
(3) The provisions of this section will not apply to such person, as may be notified by the Central Government in this behalf.