Section 133(4) of the Income-tax Act, 1961-Returns of income-Requirement of furnishing statements of payments-Raising of limits to Rs. 1,000 regarding.

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..... tax Act, 1961-Returns of income-Requirement of furnishing statements of payments-Raising of limits to Rs. 1,000 regarding. Under section 133(4) of the Income-tax Act, 1961, the Income-tax Officer, the Appellate Assistant Commissioner, or the Inspecting Assistant Commissioner may, for the purposes of this Act, require any assessee to furnish a statement of the names and addresses of all persons t .....

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..... so as to raise the limit of Rs. 400 to Rs. 1,000. 4. Pending amendment of the said forms, the Board have decided that it will be sufficient compliance of the requirements of the above referred Annexures to the Forms prescribed under rule 12 of the Income-tax Rules, 1962, read with section 133(4) of the Income-tax Act, 1961, if the assessees furnish statements of payments exceeding Rs.1,000. A p .....

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