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Applicable Section and Rule | |
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The quarterly return to be furnished by a banking company in respect of time deposits should be in Form 26QAA.
The Return shall be furnished to the Director General of Income-tax (Investigation), New Delhi or person authorised by him.
The return shall be furnished:
For Quarter ended |
Due Date of furnishing 26 QAA | |
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The quarterly return comprising Part A and Part B of Form No. 26QAA, referred to in sub-rule (1), shall be furnished on computer readable media being a CD-ROM (650 MB or higher capacity) or Digital Video Disc (DVD), along with Part A of such Form on paper
The person responsible for furnishing the return referred to in sub-rule (1) shall ensure that—
the return is accompanied with a certificate regarding clean and virus free data.
“Time deposits” means deposits (excluding recurring deposits) repayable on the expiry of fixed periods.
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