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Income-tax (Seventh Amendment) Rules, 2004 - New Form of report for claiming deduction under section 10BA

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..... y section 295 read with sub-section (5) of section 10BA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely : - 1. (1) These rules may be called the Income-tax (Seventh Amendment) Rules, 2004. (2) They shall come into force on the date of theri publication in the Official Gazette. 2. .....

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..... 1st March ---------------------------. 2. I/We certify that the deduction to be claimed by the assessee under sub-section (1) of section 10BA of the Income-tax Act, 1961, in respect of the assessment year ............. is Rs. .................... which has been determined on the basis of the sale proceeds received by the assessee in convertible foreign exchange. The said amount has been worked o .....

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..... n and address of the undertaking : 5. Nature of business of the undertaking : 6. Date of commencement of manufacture or production : 7. Number of workers employed by the undertaking : 8. Total turnover of the undertaking : 9. Total profits of the undertaking : 10. Total export turnover of the undertaking : 11. Export proceeds received in convertible foreign exchange in accordan .....

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..... year and with the approval of the Competent Authority, where such amount relates to any other previous year. also state the name of the authority and the period up to which the approval was accorded ................. (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 Ind .....

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..... F.No. 142/8/2004-TPL Note : The principle rules were published in the Gazette of India. Extraordinary Part-II, section 3(ii), dated the 26th March 1962, vide S.O. 969(E) which was amended from time to time and lst amended by Income-tax (6th Amendment) Rules, 2004 vive Notification S.O. 52(E) dated 12.1.2004. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxman .....

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