TMI BlogNew Rule 16D - Form of report for claiming deduction u/s 10AA added in Income-tax (Twenty Sixth Amendment) Rules, 2023.X X X X Extracts X X X X X X X X Extracts X X X X ..... (1) These rules may be called the Income-tax (Twenty Sixth Amendment) Rules, 2023. (2) They shall be deemed to have come into force from the 29th day of July, 2021. 2. In the Income-tax Rules, 1962 (hereinafter referred to as principal rules), after rule 16CC , the following rule shall be inserted, namely: 16D. Form of report for claiming deduction under section 10AA . The report of an accountant which is required to be furnished by the assessee, under sub-section (8) of section 10AA read with sub-section (5) of section 10A shall be in Form No. 56F. . 3. In the principal rules , in rule 130 , (a) in sub-rule (1), the figures and letter 16D , shall be omitted; (b) in sub-rule (2), the figures and letter 56F , s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... true and correct. Date _________________________ Signed Accountant Notes: 1. *Delete whichever is not applicable 2. This report is to be given by a Chartered Accountant within the meaning of the Chartered Accountant Act, 1949 (38 of 1949); 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 therefor. ANNEXURE A [See paragraph 2 of Form 56F] Details relating to the claim by the exporter for deduction under section 10AA of the Income -tax Act, 1961 1. Name of the assessee 2. Assessment year 3. Name of the Unit 4. Location and address of the Unit 5. Nature of business of the Unit 6. Date of initial re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d (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 to permission of the same 17. Amount of deduction under section 10AA to which the assessee is entitled with the working sheet 18. Qualifications, if any, on the above . [F. No. 370142/40/2023-TPL] AMRIT PRITOM CHETIA, Under Secy. Explanatory Memorandum : It is certified that no person will be adversely affected by giving retrospective effect to the Income-tax (Twenty Sixth Amendment) Rules, 2023 Note : The principal rules were published in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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