Section 206CA of Income Tax Act "Tax collection account number"
206CA. (1) Every person collecting tax in accordance with
the provisions of section 206C, shall, within such time as
may be prescribed, apply to the Assessing Officer for the
allotment of a tax collection account number.
(2) Where a tax collection account number has been allotted
to a person, such person shall quote such number-
(a) in all challans for the payment of any sum in
accordance with the provisions of sub-section (3) of section
206C;
(b) in all certificates furnished under sub-section (5) of
section 206C;
(c) in all the returns delivered in accordance with the
provisions of sub-section (5A) or sub-section (5B) of
section 206C to any income-tax authority; and
(d) in all other documents pertaining to such transactions
as may be prescribed in the interest of revenue:
Provided that the provisions of this section shall not apply
on or after the 1st day of October, 2004.
206CB. (1) Where a statement of tax collection at source
or a correction statement has been made by a person
collecting any sum (herein referred to as collector) under
section 206C, such statement shall be processed in the
following manner, namely:-
(a) the sums collectible under this Chapter shall be
computed after making the following adjustments, namely:-
(i) any arithmetical error in the statement;
(ii) an incorrect claim, apparent from any information in
the statement;
(b) the interest, if any, shall be computed on the basis of
the sums collectible as computed in the statement;
(c) the fee, if any, shall be computed in accordance with
the provisions of section 234E;
(d) the sum payable by, or the amount of refund due to, the
collector, shall be determined after adjustment of the
amount computed under clause (b) and clause (c) against any
amount paid under section 206C or section 234E and any
amount paid otherwise by way of tax or interest or fee;
(e) an intimation shall be prepared or generated and sent to
the collector specifying the sum determined to be payable
by, or the amount of refund due to, him under clause (d);
and
(f) the amount of refund due to the collector in pursuance
of the determination under clause (d) shall be granted to
the collector:
Provided that no intimation under this sub-section shall be
sent after the expiry of the period 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 collection of tax at source,
where such rate is not in accordance with the provisions of
this Act.
(2) The Board may make a scheme for centralised processing
of statements of tax collected at source to expeditiously
determine the tax payable by, or the refund due to, the
collector, as required under sub-section (1).