Section 203A requires tax deduction collectors to obtain account number and quote in all related documents
Section 203A of the Income Tax Act, 1961 mandates that every person deducting or collecting tax under the relevant provisions must obtain a tax deduction and collection account number from the Assessing Officer within prescribed time limits if not already allotted. Once allotted, this number must be quoted in all payment challans, certificates issued to deductees, quarterly statements, returns filed with income-tax authorities, and other prescribed documents related to tax deduction and collection transactions. The provision aims to ensure proper tracking and accountability of tax deduction and collection activities. The Central Government has authority to exempt certain categories of persons from these requirements through notification. This section has undergone multiple amendments since its introduction in 1987, with the most recent significant change in 2004 expanding its scope to include tax collection activities alongside tax deduction.
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