9911796707
TMI BlogTax Period (Section 3, 26 & 36)X X X X Extracts X X X X X X X X Extracts X X X X ..... ealer, to whom a certificate of registration has been granted for the first time, his tax period, till the end of the year of registration, shall be a quarter and his first tax period shall commence from the date of his liability. ] (6) For the purpose of sub-rule (1), the "turnover" of a dealer shall not include turnover from: (a) the sale of capital assets; (b) sales made in the course of winding up the dealer's activities; and (c) sales made as part of the permanent diminution of the dealer's activities. Explanation : For the purposes of this sub-rule, adequate proof of a dealer's turnover shall be a copy of the following documents-: (i) the annual audited accounts of the dealer for the three previous years or the annual accounts duly ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or a quarter or one month; or (b) clause (b) of sub-rule (1) applies, can opt the tax period of a quarter or one month; or (c) clause (c) of sub-rule (1) applies, can opt the tax period of one month, and the option so exercised by him during a particular year by furnishing an intimation in accordance with sub-rule (4) of this rule, shall not be changed during that year: 5. Substituted vide Notification No. F. 3(59)/Fin (T E)/2005-06/923Kha, Dated 30.112005 . Before it was read as:- (4) Where the tax period applying to a dealer was one month, the dealer shall continue to have tax period of one month unless- (a) the dealer s turnover during each of the last three months was less then forty lakhs rupees; and (b) the dealer s turnover during r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turnover. ] 9. Omitted vide Notification No.F.3(15)/Fin.(Rev-I)/2012-13/dsVI/264 Dated 30/03/2013. Before it was read as, 4 [ (3) A dealer to whom clause (a) of sub rule (1) applies, can opt the tax period of one month and the option so exercised by him during a particular year by furnishing an intimation in accordance with sub-rule (4) of this rule, shall not be changed during that year. ] Provided that for the year 2005-06, an option to change the tax period may be exercised with effect from the first day of October, 2005. 10. Omitted vide Notification No.F.3(15)/Fin.(Rev-I)/2012-13/dsVI/264 Dated 30/03/2013. Before it was read as, 5 [ (4) An intimation for change in tax period in accordance with sub-rule (1) or sub-rule (3) of this rule ..... X X X X Extracts X X X X X X X X Extracts X X X X
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