TMI BlogIncome-tax (Fifteenth Amendment) Rules, 2007X X X X Extracts X X X X X X X X Extracts X X X X ..... tax Rules, 1962 , after rule 18DD , the following rule shall be inserted, namely:-. Prescribed area, minimum seating capacity, facilities and amenities for convention centres; minimum number of convention halls in the convention centres; and particulars of audit report, for deduction under section 80-ID . 18DE. (1) For the purposes of clause (a) of sub-section (6) of section 80-ID , the convention centre shall have the following area, facilities and amenities, (a) A convention centre located in the specified area mentioned in column (1) of the Table below, shall have a minimum covered plinth area mentioned in column (2), minimum seating capacity mentioned in column (3) and minimum number of convention halls, for the purpose of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , the convention centres may have,- (a) an amphitheatre and landscaped open spaces for outdoor conference or seminar related activities; (b) a kitchen, dining facility, cafeteria or restaurant only to support events in the convention centre. (3) For the purposes of clause (iv) of sub-section (3) of section 80-ID , the report of an audit shall be in Form No. 10CCBBA. 3. In Appendix-II, after Form IOCCBB, the following Form shall be inserted, namely:- FORM NO. 1OCCBBA [See rule 18DE] 1. Name of the assessee : ------------------- 2. PAN : -------------------------- 3. Status : ------------------------- 4. Share in the ownership of the convention centre or hotel: (a) Fully owned or partly owned [Encircle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd power point projection system : Yes/No [Encircle whichever is applicable] (iii) All the convention halls have LCD Projector or Video screening facility : Yes/No [Encircle whichever is applicable] (iv) Whether the convention centre has a documentation centre : Yes/No [Encircle whichever is applicable] (v) The documentation centre has facilities for printing, faxing, photocopying, scanning, internet surfing along with trained personnel to assist the users: Yes/No [Encircle whichever is applicable] (vi) The convention centre is centrally air-conditioned: Yes/No [Encircle whichever is applicable] (vii) The convention centre has adequate parking facilities and other public conveniences as per local building regulations: Yes/No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the said convention centre/hotel for the year ended on that date which are in agreement with the books of account maintained at the head office at ----------------------- and branches at -------------------------/. 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, proper books of account have been kept by the head office and the branches of the convention centre/hotel aforesaid visited by me/ us so far, as appears from my/our examination of books, and proper returns adequate for the purposes of audit have been received from branches not visited by me/us, subject to the comments given below: ---------------------- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0-ID of the said Act lays down that the assessee shall furnish a report of audit in the prescribed form, and duly signed by an accountant, certifying that the deduction has been correctly claimed, Clause (a) of sub-section (6) of section 80-ID of the said Act defines a 'convention centre' as a building of prescribed area and having such other facilities as may be prescribed. Accordingly, a new rule 18DE and a new form 10CCBBA have been inserted in the Income-tax Rules for this purpose. The new rule 18DE and the new form 10CCBBA will take effect from the 1st day of April, 2008 and will, accordingly, apply in relation to the assessment year 2008-2009 and subsequent years. SOBHAN KAR Under Secretary - Notification Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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