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TMI BlogIncome-tax (Twenty-Second Amendment) Rules, 2003X X X X Extracts X X X X X X X X Extracts X X X X ..... lowing rules shall be substituted, namely:- "Declaration by a buyer for no collection of tax at source under section 206C (1A). 37C. (1) A declaration undersub-section (1A) of section 206C to the effect that any of the goods referred to in the Table in sub-section (1) of that section are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes shall be in Form No. 27C and shall be verified in the manner indicated therein. (2)The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for collecting tax. (3) The person referred to in sub-rule (2) shall deliver or cause to be delivered to the Chief Commissioner or Commissio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e furnished by any person collecting tax at source under sub-section (1) of that section shall be in Form No. 27D. (2) The certificate referred to in sub-rule (I) shall be furnished within a period of one month from the end of the month during which the amount is debited to the account of the buyer or payment is received from the buyer, as the case may be: Provided that where more than one certificate is required to be furnished to a buyer for tax collected at source in respect of the period ending on the 30 th September and the 31 st March in each financial year, the person collecting the tax, may on request from such buyer, issue within one month from the end of such period, a consolidated certificate in Form No. 27D for tax col ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of *manufacturing/processing/producing articles or things and not for trading purposes; 3. that *1 am/we are assessed to income-tax by the Assessing Officer............ Circle/Ward and the permanent account number allotted to me is....; OR that *1 was/we were last assessed to income-tax for the assessment year.... by the Assessing Officer........... Circle/Ward and the permanent account number allotted to me is....; OR that *I/we have not been assessed to income-tax at any time in the past but I fall within the jurisdiction of the Chief Commissioner of Commissioner of Income-tax..........; ................................... Signature of the declarant Verification *l/We...............do hereby declare that t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate of debiting of the amount payable by the buyer to the account of the buyer or receipt of the amount payable from the buyer in cash or by issue of a cheque or draft or by any other mode. Forwarded to the Chief Commissioner or Commissioner of Income-tax.............. Place........... Date............ ........................................................ Signature of the person responsible for collecting tax at the time of the sale of the goods referred to in paragraph 2. FORM N0.27D [See rule 37D] Certificate of collection of tax at source under sub-section (5) of section 206C of the Income-tax Act, 1961. [For collection of tax at s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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