TMI BlogIncome-tax (22nd Amendment) Rules, 2002X X X X Extracts X X X X X X X X Extracts X X X X ..... ibed authority for the purpose of receiving separate accounts from trusts or funds or institutions for providing relief to the victims of earthquake in Gujarat 18AAAA (1) For the purpose of sub-section (5C) of section 80G, the prescribed authority shall be the Director General of Income-tax (Exemptions). (2) The trust, the fund or the institution, which is established in India for a charitable purpose and is approved in terms of clause (vi) of sub-section (5) shall maintain separate accounts of income and expenditure for providing relief to the victims of earthquake in Gujarat and get such accounts audited by an accountant, as defined in the Explanation to sub-section (2) of section 288 and furnish the report of such audit, duly signe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... E RELIEF (a) Name of project: ______________________ (b) Date of commencement: __________________ (c) Date of completion : _______________ (d) Amount raised by donation: _______________________ (e) Branch-wise Bank Account numbers in which donations received: III. DETAILS OF OTHER PROJECTS BEING RUN BY THE TRUST/FUND/INSTITUTION DURING 26.1.2001 TO 31.3.2003 Name of the project Nature Date of commencement Date of completion (a) (b) (c) (d) IV. DETAILS OF RECEIPTS DURING 26.1.2001 TO 30.9.2001 (In Rs.) (i) Total receipts: ________________________ Out of which (ii) Amount received through donations: __________________________ Out of which (iii) Amount received through donation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... balance sheet and the profit and loss account of the trust/fund/institution ............................................(Permanent Account No...............) relating to period for which donations were received and utilised by the said trust/fund/institution for the purpose of Gujarat earthquake relief work. *I/We have obtained all the information and explanations which to the best of *my/our knowledge and belief were necessary for the purposes of the audit. In *my/our opinion, separate books of account have been kept by the assessee in respect of donations received and utilised for the purpose of Gujarat earthquake relief work. In *my/our opinion and to the best of *my/our information and according to explanations given to* me/our o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... would be the authority under the new rule. The notification also prescribes that separate accounts of Income and Expenditure for providing relief to the victims of earthquake in Gujarat are to be maintained and such accounts are to be audited by Chartered Accountant, and that a report be furnished in form No.l0AA of the Income tax Rules. 5. It is certified that the retrospective application of the new rule 18AAAA of the Income Tax Rules shall not prejudicially affect the interest of any assessee. Note: The principal rules were published under Notification No. 969 dated 26th of March, 1962 which has been amended from time to time and the last such amendment was made vide Notification No. 207/2002 dated 13-8-2002. - Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X
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