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	26QA

Links on this Page: Overview | Steps | Where to Submit | System Requirements

Overview

26QA - 'Maintenance of particulars of time deposits by a banking company for furnishing quarterly return under section 206A.

31AC. (1) Every branch of a banking company, which is required to make a quarterly return under sub-section (1) of section 206A in respect of interest on time deposits without deduction of tax at source, shall keep and maintain the particulars of such time deposits in Form No. 26QA.

(2) Every branch referred to in sub-rule (1) which is maintaining its daily accounts on computer media, shall keep and maintain the particulars in Form No. 26QA on computer readable media.

26QAA - Quarterly return under section 206A.

31ACA. (1) The quarterly return to be furnished by a banking company under sub-section (1) of section 206A in respect of time deposits shall be in Form No. 26QAA and shall be verified in the manner indicated therein.

Steps		Back to Top
How Skorydov Banking Cash Transaction Tax Software works for the entire Bank and its branches? The Software has two modules viz. Branch Module and Bank Module. Read about the modules below. The Branch sends TSQ (Skorydov TSQ) files to the head office every quarter. The head office imports the TSQ files to automatically create 26QAA and 26QA as required. Physical Forms are not to be submitted to the Income-tax Department. Electronic Forms need to be submitted to the Income-tax Department at the address mentioned below: Bank Module: This module is to be used by the head office or the main branch of a bank. This module will help the bank create the electronic form 26QA as required by Rule 31AC, 2005 and the electronic form 26QAA as required by Rule 31ACA. This module creates imports the TSQ files sent by branches to create e-Form 26QA and Form 26QAA. Branch Module: This module is to be used by the branches of a bank. This module will help the branch create the electronic form 26QA as required. These files need to be stored in an electronic file which the module takes care. More importantly, this module creates the TSQ files required by the Head office of the Bank to create Form 26QAA and Form 26QA. The module creates the TSQ file which needs to be sent to the Head office every quarter.

Where to Submit		Back to Top
To, The Directorate General of Income tax - Investigation E-2, ARA Centre, 3rd Floor Jhandelwallan Extn. New Delhi 110 055 With a covering letter. See the Download link on the right

System Requirements		Back to Top
Supported Operating Systems: Windows Server 2003; Windows Vista; Windows XP; Windows XP Home Edition, Windows 98 Microsoft Windows Excel 2000 or above

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Due Dates

Quarter Ending	Due Date
Quarter 1	31st July
Quarter 2	31st October
Quarter 3	31st January
Quarter 4	30th June

Note: 26QA - Need not be submitted to the authority mentioned above. Needs to be electronically maintained at the branches.

Other useful Links

Income-tax Department
Branch Code Search