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Income-tax (Eighteenth Amendment) Rules, 2000

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..... ation in the Official Gazette 2. In Income-tax Rules, 1962 ,- (a) the following shall be inserted, namely,- in PART IV, after rule 16D [16E Form of Report for claiming deduction under section 10B 16E. The report of an accountant which is required to be furnished by the assessee along with the return of income, under sub-section (5) of section 10B shall be in Form No.56G. ; (b) in Appendix II, after FORM NO.56E the following shall be inserted, namely FORM NO. 56G [See rule 16E] Report under section 10B of the Income-tax Act, 1961 1. I / We* have examined the accounts and records of ... (name and addre .....

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..... ... Signed +Accountant Notes: 1. *Delete whichever is not applicable. 2. +This report is to be given by - (i) a Chartered Accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949); or (ii) any person, who in relation to any State, is, by virtue of the provisions of sub-section(2) of section 226 of the Companies Act, 1956(1 of 1956), entitled to be appointed to act as .....

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..... *Yes/ No (iii) Specify the amount and the relevant previous year in case such amount is brought into India in convertible foreign exchange beyond the period of six months from the end of relevant previous year and with the approval of the Competent Authority, where such amount relates to any other previous year. Also specify 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. . 17. Amount of deduction to which assessee is enti .....

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