Income Tax Act, 2025
Section 6: Subs. by Act 32 of 2003, s. 87, for clause (b) (w.e.f. 12003).
6. Subs. by Act 32 of 2003, s. 87, for clause (b) (w.e.f. 12003).
7. Subs. by Act 7 of 2017, s. 72, for “or sub-section (1D) are sold or services referred to in sub-section (1D) are provided”
(w.e.f. 12017).
673
1[206CA. Tax collection account number.—(1) Every person collecting tax in accordance with the
provisions of section 206C, shall, within such time as may be prescribed, apply to the Assessing Officer
for the allotment of a tax collection account number.
(2) Where a tax collection account number has been allotted to a person, such person shall quote such
number—
(a) in all challans for the payment of any sum in accordance with the provisions of sub-section (3)
of section 206C;
(b) in all certificates furnished under sub-section (5) of section 206C;
(c) in all the returns delivered in accordance with the provisions of sub-section (5A) or subsection (5B) of section 206C to any income-tax authority; and
(d) in all other documents pertaining to such transactions as may be prescribed in the interest of
revenue:]
2[Provided that the provisions of this section shall not apply on or after the 1st day of October,
2004.]
3[206CB. Processing of statements of tax collected at source.—(1) Where a statement of tax
collection at source or a correction statement has been made by a person collecting any sum (herein
referred to as collector) under section 206C, such statement shall be processed in the following manner,
namely:—
(a) the sums collectible under this Chapter shall be computed after making the following
adjustments, namely:—
(i) any arithmetical error in the statement;
(ii) an incorrect claim, apparent from any information in the statement;
(b) the interest, if any, shall be computed on the basis of the sums collectible as computed in the
statement;
(c) the fee, if any, shall be computed in accordance with the provisions of section 234E;
(d) the sum payable by, or the amount of refund due to, the collector, shall be determined after
adjustment of the amount computed under clause (b) and clause (c) against any amount paid
under section 206C or section 234E and any amount paid otherwise by way of tax or interest or fee;
(e) an intimation shall be prepared or generated and sent to the collector specifying the sum
determined to be payable by, or the amount of refund due to, him under clause (d); and
(f) the amount of refund due to the collector in pursuance of the determination under clause (d)
shall be granted to the collector:
Provided that no intimation under this sub-section shall be sent after the expiry of the period of
one year from the end of the financial year in which the statement is filed.
Explanation.—For the purposes of this sub-section, “an incorrect claim apparent from any
information in the statement” shall mean a claim, on the basis of an entry, in the statement—
(i) of an item,which is inconsistent with another entry of the same or some other item in such
statement;
(w.e.f. 12003).
7. Subs. by Act 7 of 2017, s. 72, for “or sub-section
are sold or services referred to in sub-section
are provided”
(w.e.f. 12017).
673
1[206CA. Tax collection account number.—
Every person collecting tax in accordance with the
provisions of section 206C, shall, within such time as may be prescribed, apply to the Assessing Officer
for the allotment of a tax collection account number.
Where a tax collection account number has been allotted to a person, such person shall quote such
number—
in all challans for the payment of any sum in accordance with the provisions of sub-section
of section 206C;
in all certificates furnished under sub-section
of section 206C;
in all the returns delivered in accordance with the provisions of sub-section
or subsection
of section 206C to any income-tax authority; and
in all other documents pertaining to such transactions as may be prescribed in the interest of
revenue:]
2[Provided that the provisions of this section shall not apply on or after the 1st day of October,
2004.]
3[206CB. Processing of statements of tax collected at source.—
Where a statement of tax
collection at source or a correction statement has been made by a person collecting any sum (herein
referred to as collector) under section 206C, such statement shall be processed in the following manner,
namely:—
the sums collectible under this Chapter shall be computed after making the following
adjustments, namely:—
any arithmetical error in the statement;
an incorrect claim, apparent from any information in the statement;
the interest, if any, shall be computed on the basis of the sums collectible as computed in the
statement;
the fee, if any, shall be computed in accordance with the provisions of section 234E;
the sum payable by, or the amount of refund due to, the collector, shall be determined after
adjustment of the amount computed under clause
and clause
against any amount paid
under section 206C or section 234E and any amount paid otherwise by way of tax or interest or fee;
an intimation shall be prepared or generated and sent to the collector specifying the sum
determined to be payable by, or the amount of refund due to, him under clause
the amount of refund due to the collector in pursuance of the determination under clause
shall be granted to the collector:
Provided that no intimation under this sub-section shall be sent after the expiry of the period of
one year from the end of the financial year in which the statement is filed.
Explanation.—For the purposes of this sub-section, “an incorrect claim apparent from any
information in the statement” shall mean a claim, on the basis of an entry, in the statement—
of an item,which is inconsistent with another entry of the same or some other item in such
statement;