Amendment of section 203A.
52. In section 203A of the Income-tax Act (Amendment of section 203A), after sub-section (2), the following sub-section shall be inserted with effect from the 1st day of June, 2015, namely:-
“(3) The provisions of this section shall not apply to such person, as may be notified by the Central Government in this behalf.”.
Notes on Clauses:
Clause 52 of the Bill seeks to amend section 203A of the Income-tax Act relating to tax deduction and collection account number.
Under the existing provisions contained in sub-section (1) of the aforesaid section, every person deducting or collecting tax in accordance with Chapter XVII, who has not been allotted a “tax deduction account number” or, as the case may be, a “tax collection account number”, is required to apply for “tax deduction and collection account number”. Sub-section (2) of the said section provides that a person, to whom “tax deduction account number” or, as the case may be, “tax collection account number” or “tax deduction and collection account number” is allotted, is required to quote such number in the challans, certificates, statements, returns or documents as specified in clauses (a) to (d) of the said sub-section.
It is proposed to insert sub-section (3) in the said section so as to provide that the provisions of the said section shall not apply to a person notified by the Central Government in this behalf. This amendment will take effect from 1st June, 2015.
