Sr.

no Category Task_id Legislatio Rule Reference Who When

of law n

1 Taxation- T0007053 The The Section Person On selling goods as

Direct & Income Income 206C and specified in the more
Indirect Tax Act, Tax Rules, Rule 37C information column
1961 1962
2 Taxation- T0007054 The The Section Assessee After collecting tax at
Direct & Income Income 206(5) source
Indirect Tax Act, Tax Rules, and Rule
1961 1962 37D
3 Taxation- T0007057 The The Sec 206 Assessee In case being allotted
Direct & Income Income C(3) Rule TAN number and
Indirect Tax Act, Tax Rules, 31AA & collecting tax as per Sec
1961 1962 Rule 2 of 206C
4 Taxation- T0007058 The The Income
Section Assessee After collecting tax at
Direct & Income Income Tax (6th
206(3) source
Indirect Tax Act, Tax Rules, Amendm
and Rule
1961 1962 ent)
37CA
5 Taxation- T0007059 The The Rules,
Section Assessee In case the buyer
Direct & Income Income 2010
206(1A) furnishes a declaration
Indirect Tax Act, Tax Rules, and 37C in Form 27C
1961 1962
6 Taxation- T0007070 The The Section Assessee After collecting tax at
Direct & Income Income 206C source
Indirect Tax Act, Tax Rules,
1961 1962
Compliance Activity Procedur More Prohibitiv Frequenc
e Informati e/ y
on Prescripti
ve
Collect tax at source at the rate mentioned in the table NA The tax Prescripti Event_Ba
mentioned under Section 206C shall be ve sed
collected
from the
Issue a certificate in Form 27D within 15 days from the due NA buyer on Prescripti Quarterly
A
date for furnishing the statement of tax collected at source selling
duplicate the ve
specified under sub-rule (2) of rule 31AA following
certificate
products:-
may be
Submit electronically quarterly statement of collection of tax at NA (i)
issued
NA in Prescripti Quarterly
source in Form 27EQ along with the verification of the Alcoholic
case the ve
statement in Form 27A Liquor for
original
human
one is lost
Pay the amount collected to the credit of the Central NA consump
NA Prescripti Monthly
Government within seven days from the end of the month in tion; ve
which the collection is made (ii) Tendu
leaves;
Do not collect tax in case buyer furnishes a declaration in NA (iii)
NA Prohibitiv Event_Ba
duplicate in Form 27C Timber e sed
obtained
under a
Pay the amount collected to the credit of the Central NA forest
NA Prescripti Monthly
Government within one week from the last day of the month in lease; ve
which the deduction is made (iv)
Timber
obtained
by any
mode
other
than
under a
forest
lease;
(v) Any
other
forest
produce
not being
timber or
tendu
leaves;
(vi) Scrap;
(vii)
Minerals,
being coal
or lignite
or iron
ore
Form No Due date Specific Type of Corporate Exemptio Event Sub event
due date task Level or n criteria
Unit Level

NA NA NA Verificatio Corporate No NA NA
n Level collection
of tax
shall be
Form No. 30th July, NA Verificatio Corporate made
NA in NA NA
27D 30th n Level the case
October, of a buyer
30th who is
Form January,15
Within 15th May Submissio Corporate resident
NA NA NA
27EQ 30th of
days May for the n Level in India, if
the end quarter such
of the ending on buyer
NA quarter7
Within 31st
NA Payment Corporate furnishes
NA NA NA
for the
days from March Level to the
quarters
end of person
other
the responsibl
than
Form 27C month
NA NA Verificatio Corporate eNAfor NA NA
quarter n Level collecting
ending on tax, a
31st declaratio
NA March
Within 7 On or Payment Corporate n NAin NA NA
days from berore Level writing in
end of 30th April duplicate
the for the in Form
month month of 27C and
March verified in
the
prescribe
d manner
to the
effect
that the
goods
referred
in the
more
informati
on
column
are to be
utilised
for the
purposes
of
manufact
uring,
processin
g or
producing
articles or
things or
for the
purposes
of
generatio
n of
power
and not
for
trading
purposes
Implications Imprison Imprison Fine Subseque Impact Impact on Impact on
ment ment amount nt unit organisati
duration applies to amount on
per day
Imprisonment from three NA Person 10000 0 Major Major Major
months to seven years and
with fine

Imprisonment from three 3 Months Director 10000 0 Major Major Major

months to seven years and
with fine

(i) Fine of Rs. 200 per day of NA NA 200 200 Major Major Major
default;
(ii) Failure to file the
statement for more than an
year
(i) or furnishing
If the incorrect for 7 years
person responsible Assessee 200 0 Major Major Major
details in the
collecting tax statement filed
does not collect
will tax
the result in a penalty
or after notthe
collecting less
thanfails
tax Rs.10000
to pay but
it aswhich may
required
extend
under toRs.
(i)Fine this
of Rs.100000
section,
100 per heday
shall
ofbe NA NA 100 100 Moderate Moderate Moderate
liable to pay simple interest at
default;
the rate of one per
(ii)Dis-allowance of cent per
transaction
month
or or partclaimed.
deduction thereof on the
amount of suchfrom
Imprisonment tax from
threethe 7 years Assessee 100000 0 Major Major Major
date
months on to
which
sevensuch tax and
years was
collectible
with fine ofto the date on
which the tax was actually
paid and such interest shall be
paid before furnishing the
quarterly statement for each
quarter in accordance with the
provisions of sub-section (3)
(ii) Imprisonment from three
months to seven years and
with fine
Statutory Proof of compliance
Authority

Assessing Copy of income tax

Authority return

Assessing Copy of the certificate

Authority

Director Copy of income tax

General of return
Income Tax
(Systems)
Assessing Copy of Payment
Authority Receipt

Assessing Copy of income tax

Authority return

Income Tax Copy of the payment

Officer chalan