TMI BlogIncome-tax (Eighth Amendment) Rules, 2006X X X X Extracts X X X X X X X X Extracts X X X X ..... in Part IV, after rule 16C, the following rule shall be inserted, namely: - "16CC. The report of audit of the accounts of a fund or trust or institution or any university or other educational institution or any hospital or other medical institution which is required to be furnished under the tenth proviso to clause (23C) of section 10 shall be in Form No. 10BB.". (b) in Appendix II, after Form No.10BA, the following Form shall be inserted, namely:- FORM NO. 10BB [See rule 16CC] Audit report under section 10(23C) of the Income-tax Act, 1961, in the case of any fund or trust or institution or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub-clause ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income and Expenditure Account or Profit and Loss Account, surplus or deficit or profit or loss for the year ended on that date. The prescribed particulars are annexed herewith : Place: Date: Signed Membership No. Address Notes: 1. *Strike out whichever is not applicable. 2. This report has 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 an auditor o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... during the year wholly and exclusively to the objects for which it is established 10. Amount of income of the previous year accumulated for application, wholly and exclusively, to the objects for which it is established, to the extent it does not exceed 15% of income of that year. 11. Amount of income, exceeding 15% of income of the year, accumulated in accordance with clause (a) of the third proviso to section 10(23C). 12. (a) Whether, during the previous year, any part of the income, not exceeding 15% of income accumulated in any earlier year, was applied for purposes other than to the objects for which it is established or has ceased to be accumulated for application thereto? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) If the answer to (a) above is 'yes', then give details as under: Sl.No. Nature of investment or deposit Amount invested or deposited Period of investment or t deposit 16. In relation to any income being profits and gains of business, - (a) whether the business was incidental to the attainment of the objectives of the fund or trust or institution or university or other educational institution or hospital or other medical institution? (b) whether separate books of account were maintained in respect of such business? (c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. Place : Date : Signed Auditor Note: 1. Strike out whichever is not applicable. 2. This item is not applicable to any anonymous donation received by- (a) any trust or institution created or established wholly for religious purposes; (b) any trust or institution created or established wholly for religious and charitable purposes other than any anonymous donation made with a specific direction that such donation is for any university or other educational institution or any hospital or other medical institution run by such trust or institution. 3. This item is applicable for assessment year 2007-08 and subsequent assessment years. [F. No. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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