Income-tax (Fourteenth Amendment) Rules, 2000 - S.O. 777(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 11467 New Delhi, the 29th August, 2000 INCOME-TAX S.O. 777(E).- in exercise of the powers conferred by section 295 of the Income-tax Act, 1961(43 of 1961) , the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 , namely:- 1. (1) These rules may be called the Income-tax (Fourteenth Amendment) Rules, 2000. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In Income-tax Rules, 1962 ,- (a) after rule 12A, the following rule shall be inserted, namely:- 12B. Statement under sub-section (3A) of section 115R (1) The statement of income distributed shall be furnished as provided in sub-rules(2) and (3) to,- (i) the Assessing Officer so designated by the Chief Commissioner or Commissioner of Income-tax, within whose area of jurisdiction, the principal office of the Unit Trust of India or the concerned Mutual Fund is situated; (ii) in any other case, to the Assessing Officer within whose area of jurisdiction, the principal office of the Unit Trust of India or the concerned Mutual Fund is situated. (2) The statement of distributed income which is to be furnished under sub-section (3A) of section 115R by the Unit Trust of India shall be in Form No. 63, duly verified by an accountant in the manner indicated therein. (3) The statement of distributed income which is to be furnished under sub-section 3 A of section 115R by a Mutual Fund shall be in Form No. 63 A, duly verified by an accountant in the manner indicated therein ; (b) in Appendix II, after FORM NO. 62, the following forms shall be inserted, namely :- FORM NO. 63 [See rule 12B] Statement to be furnished to the Assessing Officer designated under rule 12B of the Income-tax Rules, 1962, in respect of income distributed by the Unit Trust of India (Separate forms to be filled up for each scheme) 1. Address of Registered Office 2. Permanent Account Number 3. Previous Year ending 4. Name and address of the office bearers 5. Name of Scheme 6. Face Value of Unit 7. Total No. of Units 8. Details of income distributed:- Distribution or Payment of Income Tax payable under section 115R Interest chargeable under section 115S, if any Payment towards tax and interest under section 115-S(Attach a copy of challans) Date(s) Amount(s) Date(s) Amount(s) 9. Tax payable on income distributed to the Unitholders Enclose audited accounts including balance sheet, annual report, if any, with certified copies of income and appropriation towards distribution of income. I _____________(name in full and in block letters) son/daughter/wife of ___________do hereby solemnly declare that to the best of my knowledge and belief what is stated above and in the annexure(s), including the documents accompanying such annexure(s), is correct and complete. I further declare that I am furnishing such statement in my capacity as ____(designation)____ and that I am competent to furnish this statement and verify it. Verified today the____ day of____. Place ______ Signature__________ Verification I/We ___________have examined the books of accounts and other documents showing the particulars of income earned and the income distributed to the unitholders by the Unit Trust of India for the previous year ending_________ 2. I/We declare that the above particulars are true and correct to the best of my/our knowledge and belief. (Signature with name of the accountant) Place__________ Date___________ Notes.-1. Accountant means the accountant as defined in the Explanation to sub-section (2) of section 288 of the Income tax Act, 1961. FORM NO. 63A [See rule 12B] Statement to be furnished to the Assessing Officer designated under Rule 12B of the Income-tax Rules, 1961, in respect of income distributed by a Mutual Fund (Separate forms to be filled up for each scheme) 1. Name of the Mutual Fund and the address of registered office 2. Permanent Account Number 3. Previous Year ending 4. Names and addresses of the trustees of the fund 5. Objects of the fund (Enclose a copy of the Mutual Fund deed) 6. Whether registered with SEBI; If yes, please specify the date and number of the order (Enclose a copy of the SEBFs order) 7. Date of inception or setting up of the Mutual Fund 8. Details of Asset management company such as names and addresses of Directors 9. Name of Scheme 10. Face Value of Unit 11. Total No. of Units 12. Details of income distributed:- Distribution or Payment of Income Tax payable under section 115R Interest chargeable under section 115S, if any Payment towards tax and interest under section 115-S(Attach a copy of challans) Date(s) Amount(s) Date(s) Amount(s) 13. Tax payable on income distributed to the Unitholders Enclose audited accounts including balance sheet, annual report, if any, with certified copies of income and appropriation towards distribution of income. I ________(name in fall and in block letters) son/daughter/wife of__________ do hereby solemnly declare that to the best of my knowledge and belief what is stated above and in the annexure(s), including the documents accompanying such annexure(s), is correct and complete. I further declare that I am furnishing such statement in my capacity as _______(designation)_____ and that I am competent to furnish this statement and verify it. Verified today the _______day of_____. Place ____________ Signature____________ Verification I/We _______________have examined the books of accounts and other documents showing the particulars of income earned and the income distributed to the unitholders by the _________(name of the Mutual Fund) ___________for the previous year ending________ 2. I/We declare that the above particulars are true and correct to the best of my/our knowledge and belief. (Signature with name of the accountant) Place_______ Date___________ Notes.-1. Accountant means the accountant as defined in the Explanation to sub-section (2) of section 288 of the Income Tax Act, 1961. [F. No. 142/53/2000-TPL] RAHUL NAVIN, Under Secy.