Income Tax Act, 2025
Section 6: Ins. by s. 9, ibid. (w.e.f. 82003).
6. Ins. by s. 9, ibid. (w.e.f. 82003).
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(1B) The person responsible for collecting tax under this section shall deliver or cause to be delivered
to the 1[Principal Chief Commissioner or Chief Commissioner] or 2[Principal Commissioner or
Commissioner] one copy of the declaration referred to in sub-section (1A) on or before the seventh day of
the month next following the month in which the declaration is furnished to him.]
3[(1C) Every person, who grants a lease or a licence or enters into a contract or otherwise transfers
any right or interest either in whole or in part in any parking lot or toll plaza or mine or quarry, to another
person, other than a public sector company (hereafter in this section referred to as “licensee or lessee”) for
the use of such parking lot or toll plaza or mine or quarry for the purpose of business shall, at the time of
debiting of the amount payable by the licensee or lessee to the account of thelicensee or lessee or at the
time of receipt of such amount from the licensee or lessee in cash or by the issue of a cheque or draft or
by any other mode, whichever is earlier, collect from the licensee or lessee of any such licence, contract
or lease of the nature specified in column (2) of the Table below, a sum equal to the percentage, specified
in the corresponding entry in column (3) of the said Table, of such amount as income-tax:
TABLE
Sl. No. Nature of contract or licence or lease, etc. Percentage
(1) (2) (3)
(i) Parking lot Two per cent.
(ii) Toll plaza Two per cent.
(iii) Mining and quarrying Two per cent.]
4[Explanation 1.—For the purposes of this sub-section, “mining and quarrying” shall not include
mining and quarrying of mineral oil.
Explanation 2.—For the purposes of Explanation 1, “mineral oil” includes petroleum and natural
gas.]
5* * * * *
(1F)Every person, being a seller, who receives any amount as consideration for sale of a motor
vehicle of the value exceeding ten lakh rupees, shall, at the time of receipt of such amount, collect from
the buyer, a sum equal to one per cent of the sale consideration as income-tax.]
(2) The power to recover tax by collection under sub-section (1) 3[or sub-section (1C)] 6***shall be
without prejudice to any other mode of recovery.
(3) Any person collecting any amount under sub-section (1) 3[or sub-section (1C) 6***shall pay
within 7[the prescribed time] the amount so collected to the credit of the Central Government or as the
Board directs:
8[Provided that the person collecting tax on or after the 1st day of April, 2005 in accordance with the
foregoing provisions of this section shall, after paying the tax collected to the credit of the Central
Government within the prescribed time, 9[prepare such statements for such period as may be prescribed]
and deliver or cause to be delivered to the prescribed income-tax authority, or the person authorised by
such authority, such statement in such form and verified in such manner and setting forth such particulars
and within such time as may be prescribed.]
The person responsible for collecting tax under this section shall deliver or cause to be delivered
to the 1[Principal Chief Commissioner or Chief Commissioner] or 2[Principal Commissioner or
Commissioner] one copy of the declaration referred to in sub-section
on or before the seventh day of
the month next following the month in which the declaration is furnished to him.]
3[
Every person, who grants a lease or a licence or enters into a contract or otherwise transfers
any right or interest either in whole or in part in any parking lot or toll plaza or mine or quarry, to another
person, other than a public sector company (hereafter in this section referred to as “licensee or lessee”) for
the use of such parking lot or toll plaza or mine or quarry for the purpose of business shall, at the time of
debiting of the amount payable by the licensee or lessee to the account of thelicensee or lessee or at the
time of receipt of such amount from the licensee or lessee in cash or by the issue of a cheque or draft or
by any other mode, whichever is earlier, collect from the licensee or lessee of any such licence, contract
or lease of the nature specified in column
of the Table below, a sum equal to the percentage, specified
in the corresponding entry in column
of the said Table, of such amount as income-tax:
TABLE
Sl. No. Nature of contract or licence or lease, etc. Percentage
(2)
(i) Parking lot Two per cent.
Toll plaza Two per cent.
Mining and quarrying Two per cent.]
4[Explanation 1.—For the purposes of this sub-section, “mining and quarrying” shall not include
mining and quarrying of mineral oil.
Explanation 2.—For the purposes of Explanation 1, “mineral oil” includes petroleum and natural
gas.]
5* * * * *
The power to recover tax by collection under sub-section
3[or sub-section
Any person collecting any amount under sub-section
3[or sub-section
6***shall pay
within 7[the prescribed time] the amount so collected to the credit of the Central Government or as the
Board directs:
8[Provided that the person collecting tax on or after the 1st day of April, 2005 in accordance with the
foregoing provisions of this section shall, after paying the tax collected to the credit of the Central
Government within the prescribed time, 9[prepare such statements for such period as may be prescribed]
and deliver or cause to be delivered to the prescribed income-tax authority, or the person authorised by
such authority, such statement in such form and verified in such manner and setting forth such particulars
and within such time as may be prescribed.]