9911796707
TMI BlogIncome-tax (17th Amendment) Rules, 2004X X X X Extracts X X X X X X X X Extracts X X X X ..... (B) after Explanation to clause (k), the following clauses shall be inserted, namely:- (l) making an application to any banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or to any other company or institution, for issue of a credit card; m) payment of an amount of fifty thousand rupees or more to a Mutual Fund for purchase of its units; (n) payment of an amount of fifty thousand rupees or more to a company for acquiring shares issued by it; (o) payment of an amount of fifty thousand rupees or more to a company or an institution for acquiring debentures or bonds issued by it; (p) payment of an amount of fifty thousand r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 114B; o (j) the principal officer of an institution referred to in clause (l) or clause (o) of rule 114B; o (k) any trustee or any other person duly authorised by the trustee of a Mutual Fund referred to in clause (m) of rule 114B; o (l) an officer of the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934); (iii) for the portion beginning with the words "who has received" and ending with the words "received by such person", the following shall be substituted, - "who has received any document relating to a transaction specified in rule 114B shall ensure after verification that permanent account number has been duly and correctly quoted therein. (c) For rule 114D, the following shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Table below in respect of all transactions of the nature and value specified in the corresponding entry in column (3) of the said Table, which are registered or recorded by him during a financial year beginning on or after the 1 st day of April, 2004:- Sl. No. Class of Person Nature and Value of Transaction (1) A Banking company to which the Banking Regulation Act,1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act). Cash deposits aggregating to ten lakh rupees or more in a year in any savings account of a person maintained in that bank. (2) A banking company to which the Banking Regulation Act,1949 (10 of 1949), applies (including any bank or banking institution ref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation Branch): Provided that where the Board has authorised an agency to receive such return on behalf of the commissioner of Income-Tax (Central Information Branch), the return shall be furnished to that agency. (4) (a) The return comprising Part A and Part B of Form No. 65 referred to in sub-rule (1) shall be furnished on computer readable media being a floppy (3.5 inch and 1.44 MB capacity) or CD-ROM (650 MB or higher capacity) or Digital Video Disc (DVD), along with part-A thereof on paper. The person responsibe for furnishing the return shall ensure that- (i) if the data relating to the return or statement is co pied using data compression or backup software utility, the corresponding software utility or procedure for its decom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iii) The return be filed in one CD/floppy/DVD and should not span across multiple floppies/CDs/DVDs. (iv) The return be accompanied with a certificate regarding clean and virus- free data. 2. Please do not use any abbreviation like Pvt., Ltd., etc. 3. PAN is not required to be given in item No. 2 (Part A) and item No. 2 (Part B) by - (i) Registrar or Sub-Registrar appointed under section 6 of the Registration Act, 1908; (ii) a person being an officer of the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act, 1934, who is authorised by the Reserve Bank of India for issue of bonds; 4. A Random Computer Generated Number (Folio Number) shall be allotted after filing of Annual Information Return for the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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