Income-tax (Second Amendment) Rules, 1993 - S. O. 123 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 9223 New Delhi, the 24 th February, 1993 INCOME-TAX S. O. 123 (E) : - In exercise of the powers conferred by sections 35AC and 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend to Income-tax Rules, 1962 , namely :- 1. (1) These rules may be called the Income-tax (Second Amendment) Rules, 1993. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In Part II of the Income-tax Rules, 1962 , in sub-part F, after rule 11N , the following shall be inserted, namely :- CERTIFICATE OF PAYMENT OR EXPENDITURE IN RESPECT OF ELIGIBLE PROJECTS OR SCHEMES NOTIFIED UNDER SECTION 35AC 11-O (1) The certificate referred to in Clause (a) of sub-section (2) of section 35AC shall be in Form No. 58A. (2) The certificate referred to in clause (b) of sub-section (2) of Section 35AC shall be in Form No. 58B . (3) Every public sector company or a local authority or an association or institution, as the case may be who issues a certificate referred to in sub-rule (1) or sub-rule (2) shall, in respect of the 31st March, in each financial year, deliver or cause to be delivered to the Secretary, National Committee, an annual Report indicating the progress of work relating to the project/scheme during the year as well as the following information (Please specify the information in respect of each contributor separately) :- (i) Names of the contributors and their address, (ii) Permanent Account Number/G.I.R. Number of the contributors, (iii) Amount(s) of contribution. (iv) The project/scheme for which contribution was made, (v) Total amount of contribution received during the previous year, (vi) Total cost of the project approved by the National Committee (with date of Committee's approval) (4) Every public sector company or a local authority or an association or institution, as the case may be who issues a certificate referred to in sub-rule (1) or sub-rule (2) shall send an annual statement of donation received and the details of the project to the National Committee and to each contributor by 30 th June, following the financial year in which the amounts are received. 3. In Appendix of II of the Income-tax Rules, 1962 , after Form No. 57 of the following forms shall be inserted, namely :- Form No. 58A Form No. 58B [F. No. 142/86/92-TPL] V.K. SAXENA Under Secy. (TPL-I)