Executive Summary:
This notification amends the Income-tax Rules, 1962. It introduces changes related to the collection of tax at source (TCS) and the furnishing of relevant particulars. The rules come into effect on October 1, 2020, except where otherwise provided.
Key Points / Main Content:
* **Amendment to Rule 31AA:**
* Requires authorized dealers to furnish particulars of amounts received or debited for which tax was not collected under specific provisions of section 206C.
* This includes transactions related to overseas tour program packages and remittances under the Liberalized Remittance Scheme (LRS).
* **Amendment to Rule 37BC:**
* Includes "dividend" in rule 37BC after "fees for technical services".
* **Amendment to Rule 37CA:**
* Removes the words "subsection 1 or subsection 1C" from rule 37CA.
* **Insertion of Subrule 2A in Rule 37I:**
* Specifies that credit for tax collected at source under sections 206C(1F), 206C(1G), or 206C(1H) will be given to the person from whose account the tax was collected.
* Credit will be applied for the assessment year relevant to the previous year in which the tax collection occurred.
* **Substitution of Annexure in Form 27EQ:**
* Replaces the existing annexure in Form 27EQ with a new format for providing a party-wise break up of TCS.
* The new annexure requires details such as the PAN of the party, total amount received, tax collected, and reasons for lower or non-collection.
Impact Analysis:
* **Taxpayers:**
* Impact: Taxpayers involved in transactions covered under section 206C will be affected by the changes in TCS provisions and reporting requirements.
* Action Required: Ensure compliance with the new TCS rules and provide necessary information for accurate reporting.
* **Authorized Dealers and Sellers:**
* Impact: Authorized dealers and sellers of overseas tour packages need to comply with the new rules for furnishing particulars of amounts for which tax was not collected.
* Action Required: Update systems to capture and report the required information in Form 27EQ.
* **Central Board of Direct Taxes (CBDT):**
* Impact: Responsible for implementing and overseeing the amended Income-tax Rules.
* Action Required: Ensure that the updated rules are effectively communicated and implemented.
Key Entities Referenced
Central Board of Direct Taxes: A government organization under the Department of Revenue, Ministry of Finance, responsible for direct tax administration in India.
Income-tax Act, 1961: The primary legislation governing income tax in India.
Income-tax Rules, 1962: The rules framed under the Income-tax Act, 1961, providing detailed procedures and guidelines for income tax implementation.
New Delhi: The location of the notification's issuance; the capital of India.
Incometax 17th Amendment Rules, 2020: A set of amendments to the Income-tax Rules, 1962.
Section 206C: A section of the Income-tax Act, 1961, pertaining to Tax Collected at Source (TCS).
Form 27EQ: A form related to the quarterly statement of collection of tax at source (TCS).
Javed Akhtar: Director, Tax Policy and Legislation Division.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99
सी.जी.-डी.एल.-अ.-24072020-220673
xxxGIDHxxx
CG-DL-E-24072020-220673
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 360] नई दिल्ली, िुक्रिार, िुलाई 24, 2020/श्रािण 2, 1942
No. 360] NEW DELHI, FRIDAY, JULY 24, 2020/SARAVANA 2, 1942
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 24 िुलाई, 2020
आय-कर
सा.का.जन. 464(अ).—केंरीय प्रत्यक्ष कर बोड,ड आय-कर अजधजनयम, 1961 की धारा 295 के साथ पठित धारा
197 और 206ग द्वारा प्रित्त िजियों का प्रयोग करते हुए, आय-कर जनयम, 1962 का और संिोधन करन े के जलए
जनम्न जलजखत जनयम बनाता ह,ै अथाडत ् :--
1. संजक्षप् त नाम और प्रारंभ—(1) इन जनयमों का संजक्षप् त नाम आय-कर (17िां संिोधन) जनयम, 2020 ह ै।
(2) इन जनयमों म ेंअन्द् यथा उपबंजधत के जसिाय ये 1 अक् तूबर, 2020 स े प्रिृत् त होंग े।
2. आय-कर जनयम, 1962 (जिसे इसम ें इसके पश् चात् मलू जनयम कहा गया ह)ै के जनयम 31कक के उपजनयम (4) म ें
खड (v) के पश् चात् जनम्न जलजखत खंड अत:स्ट्थ ाजपत दकए िाएंग,े अथाडत :--
3272 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“(vi) प्राप् त या जिकजलत रकम की जिजिजि यां प्रस्ट् तुत करे, जिस पर कर एकजत्रत नहीं दकया गया था,--
(क) धारा 206ग की उपधारा (1छ) के पहले परंतुक के अधीन क्रेता स े प्राजधकृत व् यौिहारी द्वारा ;
(ख) धारा 206ग की उपधारा (1छ) के चौथ ें परंतुक के अधीन प्राजधकृत व् यौिहारी द्वारा ;
(ग) धारा 206ग की उपधारा (1छ) के पांचिें परंतुक के खंड (i) और खंड (ii) के अधीन और धारा 206ग की उपधारा
(1छ) के पांचिें परंतुक के खडं (ii) के अधीन िारी अजधसूचना को ध् यान म ेंरखत े हुए, दकसी प्राजधकृत व् यौिहारी या
क्रेता स े दकसी जििेिी पयडिन कायडक्रम के जिक्रेता द्वारा ।
(vii) प्राप् त या जिकजलत रकम की जिजिजि यां प्रस्ट् तुत करे, जिस पर क्रेता स े कर एकजत्रत नहीं दकया गया था,--
(क) धारा 206ग की उपधारा (1ि) के िसू रे परंतुक के अधीन ; और
(ख) धारा 206ग की उपधारा (1ि) के स्ट् पि ीकरण के खडं (क) के उपखंड (अ) या उपखडं (आ) अथिा उपखंड (इ) के
मद्दे या उपखडं (इ) के अधीन िारी दकसी अजधसूचना को ध् यान म ेंरखते हुए ।”
3. मलू जनयमों म,ें रािपत्र म ें प्रकािन की तारीख स,े जनयम 37खग के उपजनयम (1) म ें“तकनीकी सेिाओं के जलए
फीस” िब् िों के पश् चात ्“लाभांि” िब् ि अंत:स्ट्थ ाजपत दकए िाऐंगे ।
4. मलू जनयमों के जनयम 37गक म ें‘उपधारा (1) और उपधारा (1ग)’ िब् िों, कोि कों, अंकों और अंक्षरों, िहां-िहां िे
आते ह,ै का लोप दकया िाएगा ।
5. मलू जनयमों म,ें जनयम 37-झ के उपजनयम (2) के पश् चात् जनम्न जलजखत उपजनयम अतं :स्ट् थाजपत दकया िाएगा,
अथाडत:्--
“(2क) उपधारा (2) में अतं र्िडि दकसी बात के होते हुए भी, धारा 206ग की उपधारा (1च) या उपधारा (1छ)
अथिा उपधारा (1ि) के प्रयोिनों के जलए, स्रोत पर संगृजहत कर के जलए िमा, उस व् यजक्त को दिया िाएगा
जिसके खातें म ें स े कर सग्रं हण दकया गया ह ैया पूिड िर्ड जिसम ेंकर संग्रहण दकया गया ह ैके ससु ंगत जनधाडरण िर्ड के
लेखें केंरीय सरकार को संित् त दकया गया ह।ै ”
(ख) मलू जनयमों के पठरजिि 2 के प्ररूप 27ङथ म ें “उपाबंध” के स्ट् थान पर जनम्न जलजखत “उपांबध” रखा िाएगा,
अथाडत ् :--[भाग II—खण्ड 3(i)] भारतकाराजपत्र:असाधारण 3
“[उपाबध-: टीसीएसकापक्षकारवारववघटन
(मुख्य प्ररूप26ङथकेक्रं.स.ं4परसारणीकेप्रत्येकपंवतत -मदकेविएप्रथृकउपाबंधकाप्रयोगकरे)
तारीख...........(ददन/मास/वर्ष)कोसमाप्तोोने वािीवतमाोीकेदररानप्राप्त/ववकवितरकमरर्ोतपरसंग्रोणकरकावववरण
शाखाकाबीएसआरकोड/प्ररूपसं.24छकीप्रावप्तसंख्या
चािानजमाकरनेतारीख/अतं रणवाउचरकीतारीख(ददन/मास/वर्ष)
चािानक्रमसंख्य ा/प्ररूप24छकीडीडीओंक्रमसंख्या
चािानकेअनुसाररकम संग्रोकताषकानाम
ऊर्धवाषधररूपम स्तंभ677म कटरतीदारोंकेबीचआंबटनीयकुिटीसीएस टैन
नीचेउवि वखतपक्षकारोंकेबीचआबंटनीयकुियाज
क्र.स.ं संग्रोकताष पक्षकारकापक्षकारपक्षकारका संव्यवोारप्राप्त/वव तारीख, संग्रोणकोड कर अवधभार वशक्षा संग्रवोत जमा संग्रोण वोदर, संग्रोणन धारा206ग तयाउपधारा(1छ)के यदद(681क)काउत्तर
द्वाराप्रदान कोड(01- कापैन नाम काकुि कवित (कृपया9 उपकर दकया दकया की करने केअधीन पांचव परंतकु केखंड ोांोैतो
वजसकों वजसपर
कीगई कंपनी02- मूय रकम
रकमप्राप्त
देखे) गयाकुि गया तारीख
संग्रोण
/वनम्नतम वनम्नतमकर (क)याउपधारा(1ज)
पक्षकारसंदभष कंपनीसे
हुई/ववकवि
कर कुिकर (ददन
दकयागया
संग्रोण संग्रोणकेविए केदसू रेपरंतकु के
संख्या,यदद वभन्न) त [673+6 /मास/व ो ै करने वनधाषरण अनुसारसंग्रोगाोीद्वारा चािान क द्रीयसरकार
र्)ष /उच्च तम अवधकारी संदायटीडीएसकेविए
उपिधोो हुई(ददन/मा 74+67 संख्या कोटीडीएस
स/वर्ष) 5]
संग्रोण जारी दायीोैररतयाेसे
कासंदाय
करनेके प्रमाणपत्रोंकीसंदायपरटीडीएसकाटा
दकएजानेकी
कारण संख्या गयाोै(यदद680म
तारीख
(टटप्पण1 “च”या”छ”काचयन
से8देखे)
दकयागयाोो)
[664] [665] [666] [667] [668] [669] [670] [671] [672} [673] [674] [675] [676] [677] [678] [679] [680] [681] [681क] [681ख] [681ग]
1
2
3
कुि4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
सत्य ापन
म,ैं ………………………………………………………………………………………, सत्यावपतकरताहंदकऊपरदीगईसभीवववशवटयांसोीररपूणष ोैं
स्थ ान: ………………….. ……………………………………………………….
्रतपरकरसंग्रोणकरनेकेविएउत्तरदायीव्यवतत केोस्त ाक्षर
तारीख: ………………….. ………….………………………………..
्रतपरकरसग्रं ोणकरने केविएउत्तरदायीव्यवतत कानामररपदनामटटप्पण:
1. "क"विख,े यददधारा206गकीउपधारा(9)केअधीनप्रमाणपत्रकेमद्दे"न्यनू तमसग्रं ोणदकयागयाो"ैं
2. "ख"विख,े यददधारा206गकीउपधारा(1क)केअधीनघोर्णाप्रस्त ुतकरने केमद्दे "संग्रोणनोींदकयागयाो"ैं
3. "ग"विखे, यददसंग्रोग्राोीद्वारापैननप्रस्ततु करनेकेमद्दे उच्च दरपरसंग्रोणदकयागयाोैं .
4. "घ"विख,े यदद206गकीउपधारा(1छ)केपोि परंतुककेमद्देसंग्रोणनोींदकयागयाोैं
5. "ङ"विख,े यदद206गकीउपधारा(1छ)केचरथ परंतुककेमद्देसंग्रोणनोींदकयागयाोैं
6. "च"विख,े यददधारा206गकीउपधारा(1छ)केपांचव परंतकु केखंड(i) ररखडं (ii) केमद्देररखडं (ii) केअधीनजारीअवधसूचनाकोर्धयानम रखते हुएसंग्रोणनोीं
दकयागयाोैं
7. "छ"विखे, यददधारा206गकीउपधारा(1ज)केदसू रेपरंतकु केमद्दे संग्रोणनोींदकयागयाोैं
8. "ज"विख,े यददस्पटीकरणकेखंड(क)केउपखंड(अ)याउपखंड(आ)अथवाउपखडं (इ)केमद्देयाउपखडं (इ)केअधीनजारीदकसीअवधसूचनाकोर्धयानम रखतेहुए
संग्रोणनोींदकयागयाोै
9. धाराकोडकीसूचीवनम्न ानुसारो:ै[भाग II—खण्ड 3(i)] भारतकाराजपत्र:असाधारण 5
धारा संग्रोणकीप्रकृवत धाराकोड
206ग मानवउपभोगकेविएअक ोोिविकरसे्ोतपरसंग्रोण 6ग क
206ग वनपट्टेकेअधीनउपिधटटम्बरसे्ोतपरसंग्रोण 6ग ख
206ग वनपट्टेसेवभन्नदकसीअन्यप्रकारसेउपिधटटम्बरसे्ोतपरसंग्रोण 6ग ग
206ग दकसीअन्यवनउत्पाद(त दुपत्तानोो)से्ोतपरसंग्रोण 6ग घ
206ग स्क्रैपसे्ोतपरसंग्रोण 6ग ङ
206ग पार्किंगनीिामीसेसंबंवधतठेकेदारोंयाअनुज्ञवप्त धारीअथवापट्टेसे्ोतपरसंग्रोण 6ग च
206ग टोिप्ि ाजासेसंबंवधतठेकेदारोंयाअनुज्ञवप्त धारीअथवापट्टेसे्ोतपरसंग्रोण 6ग छ
206ग खानयाखदानसे संबंवधतठेकेदारोंयाअनुज्ञवप्त धारीअथवापट्टेसे्ोतपरसंग्रोण 6ग ज
206ग त दुपत्तासे्ोतपरसंग्रोण 6ग झ
206ग खवनजोो,कोयिायाविग्नाइटोोयािरोअयस्क,केववक्रयसे्ोतपरसंग्रोण 6ग ञ
206ग बुवियनयाजवाोरातकेनकदसे्ोतपरसंग्रोण 6ग ट
206ग मोटरयानकेववक्रयसे्ोतपरसंग्रोण 6ग ठ
206ग ववदशे ीपयषटनकायषक्रमपैकेजकेक्रयकेविएएिआएसकेप्रेर्णसे्ोतपरसंग्रोण 6ग ण
206ग धारा80ङम उविवखतववत्तीयसंस्थ ाओंसेविएगएशैवक्षक णकेविएएिआरएसकेअधीनप्रेर्णसे्ोतपर 6ग
संग्रोण त
206ग ववदशे ीपयषटनपैच्केजकेक्रययाववत्तीयसंस्थ ाओंसेविएगएशैवक्षक णसेवभन्नप्रयोजनकेविएएिआरएसके 6ग
अधीनप्रेर्णसे्ोतपरसंग्रोण थ
206ग मािकेववक्रयसे्ोतपरसग्रं ोण 6ग द”
[अवधसूचनास.ं 54/2020/फा.स.ं 370142/22/2020-टीपीएि]
जावेदअख्तर,वनदशे क,(करनीवतररववधानप्रभाग)
टटप्पण-(1)मूिवनयम,भारतकेराजपत्र,असाधारण, भाग II, खंड 3, उपखंड (ii)म का.आ.संख्यांक969(अ),तारीख26माचष,1962द्वाराप्रकावशतदकएगएथे रर
अवधसूचनासा.का.वन. संख्यांक429(अ),तारीख03.07.2020द्वाराअंवतमसंशोधनदकयागयाथा6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 24th July, 2020
INCOME-TAX
G.S.R. 464(E).—In exercise of the powers conferred by section 197 and 206C read with section 295 of the Income-tax Act, 1961 (43 of
1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. Short title and commencement.–– (1) These rules may be called the Income-tax ( 17th Amendment) Rules, 2020.
(2) Save as otherwise provided in these rules, they shall come into force with effect from the 1st day of October, 2020.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 31AA, in sub-rule (4), after clause (v), the following
clauses shall be inserted namely:-
“(vi) furnish particulars of amount received or debited on which tax was not collected,-
(a) by the authorised dealer from the buyer under the first proviso to sub-section (1G) of section 206C;
(b) by the authorised dealer under fourth proviso to sub-section (1G) of section 206C; and
(c) by the authorised dealer or seller of an overseas tour program from the buyer under clause (i) or clause (ii) of the fifth proviso of
sub-section (1G) of section 206C or in view of any notification issued under clause (ii) of the fifth proviso of sub-section (1G) of
section 206C.[भाग II—खण्ड 3(i)] भारतकाराजपत्र:असाधारण 7
(vii) furnish particulars of amount received or debited on which tax was not collected from the buyer,-
(a) under second proviso to sub-section (1H) of section 206C; and
(b) under sub-clause (A) or sub-clause (B) or sub-clause (C), or in view of any notification issued under sub-clause (C), of clause (a) of
the Explanation to sub-section (1H) of section 206C.”
3. In the principal rules, from the date of publication in the Official Gazette, in rule 37BC, in sub-rule (1), after the words “fees for technical
services”, the words “, dividend” shall be inserted.
4. In the principal rules, in rule 37CA, the words, brackets, figures and letters ‘sub-section (1) or sub-section (1C)’, wherever they occur, shall be
omitted.
5. In the principal rules, in rule 37-I, after sub-rule (2), the following sub-rule shall be inserted namely:-
“(2A) Notwithstanding anything contained in sub-rule (2), for the purposes of sub- section (1F) or, sub-section (1G) or, sub-section (1H)
of section 206C, credit for tax collected at source shall be given to the person from whose account tax is collected and paid to the Central
Government account for the assessment year relevant to the previous year in which such tax collection is made”
6. In the principal rules, in Appendix II, in Form 27EQ, for the “Annexure”, the following “Annexure” shall be substituted, namely :-
“ANNEXURE -: PARTY WISE BREAK UP OF TCS
(Please use separate Annexure for each-line item in Table at Sl. No. 04 of main Form 27EQ)
Details of amount received/debited during thequarterended… (dd/mm/yyyy) and of tax collected atsource
BSR Code of branch/Receipt Number of Form No. 24G Name of the Collector
Date on which challan deposited/Transfer voucher date (dd/mm/yyyy) TAN
Challan Serial Number / DDO Serial No. of Form No. 24G
Amount as per Challan
Total TCS to be allocated among deductees as in the vertical total of Col. 677
Total interest to be allocated among the parties mentioned below8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
Sl. Party Party code PAN Name Total Amount Date on Collection Tax Surcharge Education Total tax Total tax Date of Rate at Reason Number Whether the If, answer to [681A]
No. reference (01- of the of value of received which Code (See Cess collected deposited collection which for non- of the payment by is yes, then
number Company party party the / amount Note 9) [673+674+6 (dd/mm/yy collected collection certificate collectee is liable Challan Date of
provided 02-Other transaction debited received / 75] yy) / lower u/s 206C to TDS as per number payment of
by the than debited collection issued by clause (a) of the TDS to
collector, company) (dd/mm/y /or the fifth proviso to Central
ifavailable yyy) collection Assessing sub-section (1G) Government
at higher Officer or second proviso
rate (See for lower to sub-section
Note 1 to collection (1H) and whether
8) of tax TDS has been
deducted from
such payment (if
either “F” or “G”
is selected in 680)
[664 [665] [666] [667] [668] [669] [670] [671] [672] [673] [674] [675] [676] [677] [678] [679] [680] [681] [681A] [681B [681C]
1
2
3
Total
Verification
I, .................................................................................... , hereby certify that all the particulars furnished above are correct andcomplete.
Place: ………………….. Signature of the person responsible for collecting tax atsource
Date: ………………….. Name and designation of the person responsible for collecting tax atsourc
Notes:
1. Write "A" if "lower collection" is on account of a certificate under sub-section (9) of section 206C.
2. Write "B" if "non-collection" is on account of furnishing of declaration under sub-section (1A) of section 206C.
3. Write “C” if collection is at higher rate on account of non-furnishing of PAN/Aadhar by the collectee.
4. Write “D” if no collection is on account of the first proviso to sub-section (1G) of section 206C.
5. Write “E” if no collection is on account of the fourth proviso to sub-section (1G) of section 206C.
6. Write “F” if no collection is on account clause (i) or clause (ii) of the fifth proviso to sub-section (1G) or in view of notification issued under the clause (ii).
7. Write “G” if no collection is on account of the second proviso to sub-section (IH) of section 206C.
8. Write “H” if no collection is on account of sub-clause (A) or sub-clause (B) or sub-clause (C), or in view of notification issued under sub-clause (c), of clause (a) of the Explanation.
9. Write collection code as mentionedbelow:[भाग II—खण्ड 3(i)] भारतकाराजपत्र:असाधारण 9
Section Nature of collection Collection Code
206C Collection at source from alcoholic liquor for human consumption 6C A
206C Collection at source from timber obtained under forest lease 6C B
206C Collection at source from timber obtained by any mode other than a forestlease 6C C
206C Collection at source from any other forest produce (not being tendu leaves) 6C D
206C Collection at source from scrap 6C E
206C Collection at source from contractors or licensee or lease relating to parkinglots 6C F
206C Collection at source from contractors or licensee or lease relating to toll plaza 6C G
206C Collection at source from contractors or licensee or lease relating to mine or quarry 6C H
206C Collection at source from tendu leaves 6C I
206C Collection at source on sale of minerals, being coal or lignite or iron ore 6C J
206C Collection at source on cash sale of bullion and jewellery 6C K
206C Collection at source on sale of motor vehicle 6C L
206C Collection at source on remittance under LRS for purchase of overseas tour program package 6C O
206C Collection at source on remittance under LRS for educational loan taken from financial institution mentioned in section 80E 6C P
206C Collection at source on remittance under LRS for purpose other than for purchase of overseas tour package or for educational loan 6C Q
taken from financial institution
206C Collection at source on sale of goods 6C R”
[Notification No. 54/2020/F. No. 370142/22/2020-TPL]
JAVED AKHTAR, Director. (Tax Policy and Legislation Division)
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969 (E), dated the 26th
March, 1962 and last amended vide notification number G.S.R. 429(E), dated 03.07.2020.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.