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TMI BlogIncome-tax (Nineteenth Amendment) Rules, 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... tion in the Official Gazette. 2. In Income-tax Rules, 1962 ,- (a) the following shall be inserted, namely,- after PART, VIIA, PART VIIB [40BSpecial provision for payment of tax by certain companies The report of an accountant which is required to be furnished by the assessee along with the return of income, under sub-section (4) of section 115JB shall be in Form No 29B. ; (b) in Appendix II, after FORM NO. 29A the following shall be inserted, namely.- FORM No. 29B [See rule 40B] Report under section 115JB of the Income-tax Act, 1961 for computing the book profits of the company 1. I / We* have examine the accounts and records of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 in sub-section (2) of section 226 of the Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State. 3. Where any of the matter stated in this report is answered in the negative or with a qualification, the report shall state the reasons thereof. ANNEXURE A [See paragraph 2] Details relating to the computation of book profits for the purposes of section 115JB of the Income-tax Act, 1961 1. Name of the assessee 2. Particulars of address 3. Permanent Account Numbe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of this section (file working separately, where required) 12. Book profit as computed according to explanation given in sub-section (2) 13. 7.5% of book profit as computed in 12 above. 14. In case income-tax payable by the company referred to at Sl. No. 6 is less than seven and one-half per cent of its book profits shown in column 12, the amount of income-tax payable by the company would be 7.5% of column 12, i.e., as per (13). [F. No. 142/41/2000-TPL] SHIKHA DARBARI, Under Secy - Notification Tax Management India - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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