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Home Bare Acts Phrase: section 200Finance (No. 2) Act 2009 Section 64
Title: Amendment of Section 200
State: Central
Year: 2009
In section 200 of the Income-tax Act, in sub-section (3), for the words, figures and letters "prepare quarterly statements for the period ending on the 30th June, the 30th September, the 31st December and the 31st March in each financial year", the words "prepare such statements for such period as may be prescribed" shall be substituted with effect from the 1st day of October, 2009.
View Complete Act List Judgments citing this sectionFinance Act, 2002 Section 88
Title: Amendment of Section 200
State: Central
Year: 2002
Section 200 of the Income-tax Act shall be re-numbered as sub-section (1) thereof, and after sub-section (1) as so re-numbered, the following sub-section shall be inserted with effect from the 1st day of June, 2002, namely: -- "(2) Any person being an employer, referred to in sub-section (1A) of section 192 shall pay, within the prescribed time, the tax to the credit of the Central Government or as the Board directs.".
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 2004 Section 42
Title: Amendment of Section 200
State: Central
Year: 2004
.....be substituted with effect from the 1st day of October, 2004; (b) after sub-section (2), the following sub-section shall be inserted with effect from the 1st day of April, 2005, namely:-- "(3) Any person deducting any sum on or after the 1st day of April, 2005 in accordance with the foregoing provisions of this Chapter or, as the case may be, any person being an employer referred to in sub-section (1A) of section 192 shall, after paying the tax deducted to the credit of the Central Government within the prescribed time, prepare quarterly statements for the period ending on the 30th June, the 30th September, the 31st December and the 31st March in each financial year and deliver or cause to be delivered to the prescribed income-tax authority or the person authorised by such authority such statement in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed.".
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 2004 Section 11
Title: Amendment of Section 40
State: Central
Year: 2004
.....in anysubsequent year or, has been deducted in the previous year but paid inany subsequent year after theexpiry of the time prescribed under sub-section(1 of section 200, such sum shall be allowed as a deduction in computing the income of theprevious year in which such tax has been paid. Explanation:--For the purposes of this sub-clause,-- (A) "royalty"shall have the same meaningas in Explanation 2to clause (vi) of sub-section (1) of section 9; (B) "fees for technicalservices" shall have thesame meaning as in Explanation 2to clause (vii) of sub-section (1) of section 9; (ia) any interest, commission or brokerage, fees forprofessional services or fees for technical services payable to a resident, oramounts payable to a contractor or subcontractor,being resident, for carrying out any work (including supply of labour forcarrying out any work), on which tax is deductible at source under ChapterXVII_B and such tax has not beendeducted or, after deduction, has not been paid during the previous year, or inthe subsequent year before theexpiry of the time prescribed under sub-section(1) of section 200; Provided that where in respect of any such sum, tax has been deductedin.....
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 98
Title: Insertion of New Section 271h
State: Central
Year: 2012
.....Act, a person shall be liable to pay penalty, if, he-- (a) fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C; or (b) furnishes incorrect information in the statement which is required to be delivered or cause to be delivered under sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C. (2) The penalty referred to in sub-section (1) shall be a sum which shall not be less than ten thousand rupees but which may extend to one lakh rupees. (3) Notwithstanding anything contained in the foregoing provisions of this section, no penalty shall be levied for the failure referred to in clause (a) of sub-section (1), if the person proves that after paying tax deducted or collected along with the fee and interest, if any, to the credit of the Central Government, he had delivered or cause to be delivered the statement referred to in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C before the expiry of a period of one year from the time prescribed for delivering or causing to be delivered such statement. (4) The.....
View Complete Act List Judgments citing this sectionFinance (No. 2) Act 2009 Section 65
Title: Insertion of New Section 200a
State: Central
Year: 2009
.....or the amount of refund due to, the deductor shall be determined after adjustment of amount computed under clause (b) against any amount paid under section 200 and section 201, and any amount paid otherwise by way of tax or interest; (d) an intimation shall be prepared or generated and sent to the deductor specifying the sum determined to be payable by, or the amount of refund due to, him under clause (c); and (e) the amount of refund due to the deductor in pursuance of the determination under clause (c) shall be granted to the deductor: Provided that no intimation under this sub-section shall be sent after the expiry of one year from the end of the financial year in which the statement is filed. Explanation.--For the purposes of this sub-section, "an incorrect claim apparent from any information in the statement" shall mean a claim, on the basis of an entry, in the statement-- (i) of an item, which is inconsistent with another entry of the same or some other item in such statement; (ii) in respect of rate of deduction of tax at source, where such rate is not in accordance with the provisions of this Act. (2) For the purposes of processing of statements under.....
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 86
Title: Insertion of New Section 234e
State: Central
Year: 2012
.....in certain cases 234E. Fee for defaults in furnishing statements.-- (1) Without prejudice to the provisions of the Act, where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues. (2) The amount of fee referred to in sub-section (1) shall not exceed the amount of tax deductible or collectible, as the case may be. (3) The amount of fee referred to in sub-section (1) shall be paid before delivering or causing to be delivered a statement in accordance with sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C. (4) The provisions of this section shall apply to a statement referred to in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C which is to be delivered or caused to be delivered for tax deducted at source or tax collected at source, as the case may be, on or after the 1st day of July, 2012."
View Complete Act List Judgments citing this sectionFinance Act 1972 Section 30
Title: Amendment of Sections 198, 199, 200, 202 and 203
State: Central
Year: 1972
In section 198, section 199, section 200, section 202 and section 203 of the Income-tax Act, for the words, figures and letter "section 194A and", the words, figures and letters "section 194A, section 194B, section 194C and" shall be substituted.
View Complete Act List Judgments citing this sectionFinance Act, 2002 Section 89
Title: Amendment of Section 201
State: Central
Year: 2002
In section 201 of the Income-tax Act, in sub-section (1), after the words "If any such person", the words and figures "referred to in section 200" shall be inserted with effect from the 1 si day of June, 2002.
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 2004 Section 46
Title: Insertion of New Section 203aa
State: Central
Year: 2004
After section 203A of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2005, namely:-- "203AA. Furnishing of statement of tax deducted: The prescribed income-tax authority or the person authorised by such authority referred to in sub-section (3) of section 200, shall, within the prescribed time after the end of each financial year beginning on or after the 1st day of April, 2005 prepare and deliver to every person from whose income the tax has been deducted or in respect of whose income the tax has been paid a statement in the prescribed form specifying the amount of tax deducted or paid and such other particulars as may be prescribed.".
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