43[Furnishing of
quarterly* return in respect of payment of
interest to residents without deduction of tax.
206A. (1) Any banking company or co-operative society
or public company referred to in the proviso to clause (i) of
sub-section (3) of section 194A responsible for
paying to a resident any income 44[not
exceeding ten thousand rupees, where the payer is a banking company or a
co-operative society, and five thousand rupees in any other case] by way of
interest (other than interest on securities), shall prepare 45[such statements for
such period as may be prescribed] and deliver or cause to be delivered to the
prescribed income-tax authority46 or the
person authorised by such authority the quarterly returns as aforesaid, in the
prescribed form47, verified
in such manner and within such time as may be prescribed, on a floppy,
diskette, magnetic cartridge tape, CD-ROM or any other computer readable media.
(2) The Central Government may, by notification in the
Official Gazette, require any person other than a person mentioned in
sub-section (1) responsible for paying to a resident any income liable for
deduction of tax at source under Chapter XVII, to prepare and deliver or cause
to be delivered 48[such
statements] in the prescribed form and verified in such manner and within such
time as may be prescribed, to the prescribed income-tax authority or the person
authorised by such authority on a floppy, diskette, magnetic cartridge tape,
CD-ROM or any other computer readable media.]