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Income-tax (Seventh Amendment) Rules, 2004 - New Form of report for claiming deduction under section 10BA

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..... ith sub-section (5) of section 10BA 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 (Seventh Amendment) Rules, 2004. (2) They shall come into force on the date of theri publication in the Official Gazette. 2. In the Income-tax Rules .....

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..... ---. 2. I/We certify that the deduction to be claimed by the assessee under sub-section (1) of section 10BA of the Income-tax Act, 1961, in respect of the assessment year ............. is Rs. .................... which has been determined on the basis of the sale proceeds received by the assessee in convertible foreign exchange. The said amount has been worked out on the basis of the details in A .....

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..... of business of the undertaking : 6. Date of commencement of manufacture or production : 7. Number of workers employed by the undertaking : 8. Total turnover of the undertaking : 9. Total profits of the undertaking : 10. Total export turnover of the undertaking : 11. Export proceeds received in convertible foreign exchange in accordance with sub-section 3 of section 10BA, of the undertak .....

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..... such amount relates to any other previous year. also state the name of the authority and the period up to which the approval was accorded ................. (iv) Amount of sale proceeds. If any, that are credited to a separate account Maintained by the Assessee with any bank outside India and the reference number of Reserve Bank of India according permission for the same ................... (v) .....

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