Income Tax Act, 2025
Section 3: Ins. by Act 20 of 2015, s. 55 (w.e.f. 12015).
3. Ins. by Act 20 of 2015, s. 55 (w.e.f. 12015).
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(ii) in respect of rate of collection of tax at source, where such rate is not in accordance with the
provisions of this Act.
(2) The Board may make a scheme for centralised processing of statements of tax collected at source
to expeditiously determine the tax payable by, or the refund due to, the collector, as required under subsection (1).]
1[206CC. Requirement to furnish Permanent Account number by collectee.—(1)
Notwithstanding anything contained in any other provisions of this Act, any person paying any sum or
amount, on which tax is collectible at source under Chapter XVII-BB (herein referred to as collectee)
shall furnish his Permanent Account Number to the person responsible for collecting such tax (herein
referred to as collector), failing which tax shall be collected at the higher of the following rates,
namely:—
(i) at twice the rate specified in the relevant provision of this Act; or
(ii) at the rate of five per cent.
(2) No declaration under sub-section (1A) of section 206C shall be valid unless the person furnishes
his Permanent Account Number in such declaration.
(3) In case any declaration becomes invalid under sub-section (2), the collector shall collect the tax at
source in accordance with the provisions of sub-section (1).
(4) No certificate under sub-section (9) of section 206C shall be granted unless the application made
under that section contains the Permanent Account Number of the applicant.
(5) The collectee shall furnish his Permanent Account Number to the collector and both shall indicate
the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
(6) Where the Permanent Account Number provided to the collector is invalid or does not belong to
the collectee, it shall be deemed that the collectee has not furnished his Permanent Account Number to
the collector and the provisions of sub-section (1) shall apply accordingly.
(7) The provisions of this section shall not apply to a non-resident who does not have permanent
establishment in India.
Explanation.—For the purposes of this sub-section, the expression “permanent establishment”
includes a fixed place of business through which the business of the enterprise is wholly or partly carried
on.]
2[207. Liability for payment of advance tax.—3[(1)] Tax shall be payable in advance during any
financial year, in accordance with the provisions of sections 208 to 219 (both inclusive), in respect of the
total income of the assessee which would be chargeable to tax for the assessment year immediately
following that financial year, such income being hereafter in this Chapter referred to as “current income”.
4[(2) The provisions of sub-section (1) shall not apply to an individual resident in India, who—
(a) does nothave any income chargeable under the head “Profits and gains of business or
profession”; and
in respect of rate of collection of tax at source, where such rate is not in accordance with the
provisions of this Act.
The Board may make a scheme for centralised processing of statements of tax collected at source
to expeditiously determine the tax payable by, or the refund due to, the collector, as required under subsection
Notwithstanding anything contained in any other provisions of this Act, any person paying any sum or
amount, on which tax is collectible at source under Chapter XVII-BB (herein referred to as collectee)
shall furnish his Permanent Account Number to the person responsible for collecting such tax (herein
referred to as collector), failing which tax shall be collected at the higher of the following rates,
namely:—
at twice the rate specified in the relevant provision of this Act; or
at the rate of five per cent.
No declaration under sub-section
of section 206C shall be valid unless the person furnishes
his Permanent Account Number in such declaration.
In case any declaration becomes invalid under sub-section
No certificate under sub-section
of section 206C shall be granted unless the application made
under that section contains the Permanent Account Number of the applicant.
The collectee shall furnish his Permanent Account Number to the collector and both shall indicate
the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
Where the Permanent Account Number provided to the collector is invalid or does not belong to
the collectee, it shall be deemed that the collectee has not furnished his Permanent Account Number to
the collector and the provisions of sub-section
shall apply accordingly.
The provisions of this section shall not apply to a non-resident who does not have permanent
establishment in India.
Explanation.—For the purposes of this sub-section, the expression “permanent establishment”
includes a fixed place of business through which the business of the enterprise is wholly or partly carried
on.]
2[207. Liability for payment of advance tax.—3[
The provisions of sub-section
shall not apply to an individual resident in India, who—
does nothave any income chargeable under the head “Profits and gains of business or
profession”; and