Section 7, Direct Tax Vivad se Vishwas Act, 2020 [S29-P6B]

As at 7 September 2026. In force from 9 October 2020 by S.O. 3683(E) [N12-KQ6].

In Direct Tax Vivad se Vishwas Act, 2020 [A11-Q1B]. This text from 9 October 2020. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 7, Direct Tax Vivad se Vishwas Act, 2020 [S29-P6B]. Machine: S29-P6B.

7. Maintenance of records and furnishing of returns.—(1) Every person responsible for paying shall maintain such records and registers relating to the payment of sums liable to deduction as may be prescribed and shall preserve them for a period of five years. (2) Every person responsible for paying shall furnish to the Board a return in Form 26AS within thirty days from the end of every financial year, and such other information as the Board may, by order in writing, require.

Defined terms in this text (1)

Board: Section 2, Direct Tax Vivad se Vishwas Act, 2020 [S29P15] (In this Act, unless the context otherwise requires,—): "Board" means the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963)

Board: 279 more definitions.

Made under this section, or naming it (0)

none

Cited by (2)

Section 31, Direct Tax Vivad se Vishwas Act, 2020 [S29-PYY], 7 February 2020, Band A. "section 7".

Rule 6, Direct Tax Vivad se Vishwas Act Rules, 2020 [S2A-40X], 9 October 2020, Band A. "sub-section (2) of section 7 of the Act".

Not held (0)

none

Duties published under this section (1)

D12-4TX. Every person responsible for paying: Maintain records and registers of the payment of sums liable to deduction; preserve for five years; furnish the annual return in Form 26AS; thirty days from the end of every financial year; Form 26AS. Published by Department of Revenue, Ministry of Finance (synthetic record).