9911796707
TMI BlogIncome-tax (Eighth Amendment) Rules, 2004X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. In the Income-tax Rules, 1962,- (a) after rule 18DB, the following rule shall be inserted, namely:- "Prescribed area, facilities and amenities for convention centres and particulars of audit report, for deduction under Sub-section (7B) and clause (aa) of Sub-section (14) of Section 80-IB. 18DC. (1) For the purpose of Sub-section (7B) and clause (aa) of Sub-section (14) of Section 80-IB, the convention centre shall have the following area, facilities and amenities,- (i) A convention centre located in a town or city mentioned in column (1) of the table below, shall have a minimum plinth area mentioned in column (2), minimum sealing capacity mentioned in column (3) and minimum number of conference or seminar halls mentioned in colu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spaces for outdoor conference or seminar related activities. (ii) a kitchen, dining facility cafeteria or restaurant only to support events in the convention centre. (3) A separate report of the audit, shall be furnished along with the return of income in respect of each eligible convention centre, in Form No. 10-CCBB and shall be duly signed and verified by an accountant as defined in the Explanation below sub-section (2) of Section 288. (4) In the first year of the claim of deduction, the assessee shall enclose along with the audit report, a. copy of approvals for building of convention centre given by State or local authorities, which shall, where applicable, include the following: - (i) permission for construction of the conven ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of exhibition halls. (vii) Technical specification of convention centre: (a) Whether the conference or seminar halls, auditorium and exhibition hall have modern public address system Yes________ No________ (b) Whether conference or seminar halls, auditorium and exhibition hall have slide and power point projection system Yes________ No________ (c) Whether conference or seminar halls, auditorium and exhibition hall have LCD Projector/Video screening facility Yes________ No________ (d) Whether the convention centre has a documentation centre Yes________ No________ (e) Whether the documentation centre has Computers, printers, Fax, E-mail, photocopier and scanner along with trained operators to handle these equipments Yes________ No_ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ..............) as at.....................................and the profit and loss account of the said convention centre for the year ended on that date which are in agreement with the books of account maintained at the head office at....................................and branches at.................................... *I/We have obtained all the information and explanations which to the best of *my/our knowledge and belief were necessary for the purposes of the audit. In *my/our opinion, proper books of account have been kept by the head office and the branches of the convention centre aforesaid visited by *me/us so far as appears from *my/our examination of books, and proper returns adequate for the purposes of audit have been rece ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
