Tax Management India. Com
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Insertion of new section 206CC- Requirement to furnish Permanent Account Number by collectee.

Clause 72 - Bills - DIRECT TAXES - Income-tax - FINANCE BILL, 2017 - Clause 72 - Insertion of new section 206CC. 72. After section 206CB of the Income-tax Act, the following section shall be inserted, namely:- Requirement to furnish Permanent Account .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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 prov .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d 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 cont .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ther. (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-sec .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

des a fixed place of business through which the business of the enterprise is wholly or partly carried on. . Clause 72 of the Bill seeks to insert a new section 206CC after section 206CB of the Income-tax Act relating to requirement to furnish Perman .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

anent Account Number to the person responsible for collecting such tax (herein referred to as collector), failing which tax shall be collected at twice the rate mentioned in the relevant section or at the rate of five per cent., whichever is higher. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

3) provides that 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). The proposed sub-section (4) provides that no certificate under sub-se .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version