TMI BlogIncome-tax (First Amendment) Rules, 2007X X X X Extracts X X X X X X X X Extracts X X X X ..... A , in the Explanation, for the words dependent parents, sisters and minor brothers , the words dependent parents shall be substituted; (b) after rule 71 , the following rule shall be inserted, namely: Certain rules not to apply. 71 A . The conditions stipulated in rules 68, 69, 70 and 71 shall not apply in respect of withdrawals made after 1 st April, 2007 from a fund which fulfills the conditions stipulated in 1 [ clause ] (ea) of rule 4 of Part A of the Fourth Schedule to the Income-tax Act, 1961. ; (c) in rule 74 , (i) for sub-rule (4), the following shall be substituted, namely: (4) An abstract for the financial year or other applicable accounting period of the individual account of each employee parti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he application shall be furnished in Form number 40C and shall include the following information shall be substituted; (ii) for sub-rule (4), the following shall be substituted, namely: The application in Form number 40C shall be verified in the manner specified therein. ; (iii) after sub-rule (4) as so amended, the following shall be inserted, namely: (5) A fund which has been granted recognition on or before 31 st March, 2006 or has applied for recognition before the publication of this notification in the Official Gazette, shall make a fresh application in Form No. 40C through the assessing officer referred to in sub-rule (2). (e) for rule 79 , the following shall be substituted, namely:- Withdrawal of reco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he trustees: 14. (a) Whether it is an irrevocable trust : Yes/No (b) If not, the reasons thereof: 15. Please indicate the contribution by the employee as a percentage of his salary: 16. Please indicate the contribution by the employer as a percentage of employee's salary: 17. The contribution being made/proposed to be made by the employer: 18. Whether the establishment is covered under Employees' Provident Fund and Miscellaneous Provisions Act, 1952 (EPF and MP Act): Yes/No If yes, (a) whether covered under section 1(3) of EPF and MP Act: (b) whether covered under section 1(4) of EPF and MP Act: 19. (a) Whether the establishment is exempt under section 17 of the EPF and MP Act ..... X X X X Extracts X X X X X X X X Extracts X X X X
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