Rule – 31AB, Annual statement of tax deducted or collected or paid

Published by Law@HostBooks at Last Updated on August 9th, 2018 at 4:23 pm Published on March 21, 2018

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31AB. ⁴[The Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems)] 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,

⁵[a statement referred to in section 203AA or the second proviso to sub-section (5) of section 206C, in Form No. 26AS by the 31st July] following the financial year during which taxes were deducted or collected or paid.]