Substitution of new section for section 203A

Section 45 of the Finance Act, 2004 deals with substitution of new section for section 203A. Substitution of new section for section 203A.

Substitution of new section for section 203A.

45. For section 203A of the Income-tax Act, the following section shall be substituted with effect from the 1st day of October, 2004, namely:—

‘203A. Tax deduction and collection account number.—(1) Every person, deducting tax or collecting tax in accordance with the provisions of this Chapter, who has not been allotted a tax-deduction account number or, as the case may be, a tax-collec­tion account number, shall, within such time as may be pre­scribed, apply to the Assessing Officer for the allotment of a "tax-deduction and collection-account number".

(2) Where a "tax deduction account number" or, as the case may be, a "tax-collection account number" or a "tax deduction and 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 section 200 or sub-section (3) of section 206C;

(b ) in all certificates furnished under section 203 or sub-section (5) of section 206C;

(c ) in all the returns, delivered in accordance with the provisions of section 206 or sub-section (5A) or sub-section (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 interests of revenue.’.

© Copyright. Taxmann Publications Pvt. Ltd.

Section 45, The Finance Act, 2004.