TMI BlogIncome-tax (17th Amendment) Rules, 2004X X X X Extracts X X X X X X X X Extracts X X X X ..... erever they occur shall be omitted (B) after Explanation to clause (k), the following clauses shall be inserted, namely:- (l) making an application to any banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or to any other company or institution, for issue of a credit card; m) payment of an amount of fifty thousand rupees or more to a Mutual Fund for purchase of its units; (n) payment of an amount of fifty thousand rupees or more to a company for acquiring shares issued by it; (o) payment of an amount of fifty thousand rupees or more to a company or an institution for acquiring debentures or bo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (i) the principal officer of a company referred to in clause (l) or clause (n) or clause (o) of rule 114B; o (j) the principal officer of an institution referred to in clause (l) or clause (o) of rule 114B; o (k) any trustee or any other person duly authorised by the trustee of a Mutual Fund referred to in clause (m) of rule 114B; o (l) an officer of the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934); (iii) for the portion beginning with the words "who has received" and ending with the words "received by such person", the following shall be substituted, - "who has received any document relating to a transaction specified in rule 114B shall en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 and shall be verified in the manner indicated therein. (2) The return referred to in sub-rule (1) shall be furnished by every person mentioned in column (2) of the Table below in respect of all transactions of the nature and value specified in the corresponding entry in column (3) of the said Table, which are registered or recorded by him during a financial year beginning on or after the 1 st day of April, 2004:- Sl. No. Class of Person Nature and Value of Transaction (1) A Banking company to which the Banking Regulation Act,1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act). Ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act,1934, who is duly authorized by Reserve Bank of India in this behalf Receipt from any person of an amount or amounts aggregating to five lakh rupees or more in a year for bonds issued by the Reserve Bank of India (3) The return referred to in sub-rule(1) shall be furnished to the commissioner of Income-Tax(Central Information Branch): Provided that where the Board has authorised an agency to receive such return on behalf of the commissioner of Income-Tax (Central Information Branch), the return shall be furnished to that agency. (4) (a) The return comprising Part A and Part B of Form No. 65 referred to in sub-rule (1) shall be furni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rm No. 64, the following Form shall be inserted, namely:- Form 60 Form 65 INSTRUCTIONS FOR FILIING ANNUAL INFORMATION RETURN 1. (i) This return (Part A and Part B) be furnished on computer-readable media being a floppy (3.5 inch and 1.44 MB) or CD-ROM (650 MB or higher capacity) or Digital Video Disc, along with Part-A thereof on paper. (ii) In case the return filed is in a compressed format, it should be compressed using winzip 8.1 or ZipltFast 3.0 compression utility only. (iii) The return be filed in one CD/floppy/DVD and should not span across multiple floppies/CDs/DVDs. (iv) The return be accompanied with a certificate regarding clean and virus- free data. 2. Please do not use any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LAND 24 ORISSA 25 PONDICHERRY 26 PUNJAB 27 RAJASTHAN 28 SIKKIM 29 TAMILNADU 30 TRIPURA 31 UTTAR PRADESH 32 WEST BENGAL 33 CHATTISGARH 34 UTTARANCHAL 35 JHARKHAND 6. Codes in respect of transactions to be reported Sl.No Transaction Transaction code 1 Cash deposits aggregating to ten lakh rupees or more in a year in any savings account of a person maintained in a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act). 001 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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