In exercise of the powers conferred by 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. (1) These rules may be called the Income-tax (10th Amendment) Rules, 2005.

    (2) They shall come into force on the date of publication in the Official Gazette.

2. In the Income-tax Rules, 1962,

(a) in Part VI, after rule 31, the following rules shall be inserted, namely :

"Quarterly statement of deduction of tax under sub-section (3) of section 200

31A. Every person, being a person responsible for deducting tax under Chapter XVII-B shall, in accordance with the provisions of sub-section (3) of section 200, deliver or cause to be delivered to the prescribed income-tax authority or to the person authorized by such authority, quarterly statement –

(i) in Form No. 24Q in respect of deduction of tax at source under sub-sections (1) and (1A) of section 192; and

(ii) in Form No. 26Q in respect of other cases of deduction of tax at source, on or before the 15th July, the 15th October, the 15th January in respect of the first three quarters of the financial year and on or before the 30th April following the last quarter of the financial year.

Quarterly statement of collection of tax under sub-section (3) of section 206C

31AA. Every person, being a person responsible for collecting tax under section 206C shall, in accordance with the proviso to sub-section (3) of section 206C, deliver or cause to be delivered to the prescribed income-tax authority or the person authorised by such authority, quarterly statement in Form No. 27EQ on or before the 15th July, the 15th October, the 15th January in respect of the first three quarters of the financial year and on or before the 30th April following the last quarter of the financial year.

Annual statement of tax deduction or collected or paid

31AB. The prescribed income-tax authority or the person authorised by such authority referred to in section 203AA or the second proviso to sub-section (5) of section 206C shall deliver,

(i) to every person from whose income the tax has been deducted; or

(ii) to the buyer referred to in sub-section (1) or, as the case may be, to the licencee or lessee referred to in sub-section (1C) of section 206C from whom the amount has been collected; or

(iii) to every person in respect of whose income the tax has been paid, a statement in Form No. 26AS by the 15th June following the financial year during which taxes were deducted or collected or paid."

(ii) after Form No. 26, the following form shall be inserted, namely :

(See section 203AA and second provisio to section 206C(5) and rule 31AB)

(Click Here for viewing the above Form in .pdf format)

(iii) after Form No. 27E, the following form shall e inserted, namely :

Form No. 27EQ

(see section 206C and rule 31AA)

Quarterly statement Tax collection at Source under section 206C of the Income tax Act, 1961 for the quarter ended June/September/December/March (tick whichever is applicable) ………… (year)

(Click Here for viewing the above Form in .pdf format)

(see section 192 and rule 31A)

Quarterly statement of deduction of tax under sub section (3) of section 200 of the Income tax Act, 1961 in respect of Salary for the quarter ended June/September/December/March (tick whichever applicable) …… (year)