Income-tax Clearance Certificates granted to contractors valid for a period of one year. - Income Tax - 998/CBDT

INSTRUCTION NO. 998/CBDT Dated : August 12, 1976 Section(s) Referred: 230 Statute: Income - Tax Act, 1961 In accordance with para. 6 of Chapter XXI of Office Manual Volume II Section II, the Income-tax Clearance Certificates granted to contractors are valid for a period of one year. It has been represented to the Board that applications for issue of fresh Income-tax Clearance Certificates are not entertained by the Income-tax Officers till the date of expiry of the earlier certificates which causes unavoidable hardship to the contractors in submitting their tenders in time. 2. The Board have decided that applications for issue of fresh Income-tax Clearance Certificates should be entertained by the Income-tax Officers one month prior to the date on which the validity of the previous certificate is due to expire. However, the new certificate will be issued only after the validity of previous certificate has expired.