TMI BlogIncome-tax (14th Amendment) Rules, 2013 - Furnishing of information by the person responsible for making any payment including any interest or salary or any other sum chargeable to tax, to a non-resident, not being a company, or to a foreign companyX X X X Extracts X X X X X X X X Extracts X X X X ..... 194E, section 194LB , section 194LC , section 194LD , section 196B , section 196C, section 196D read with section 295 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue, issued by the Central Board of Direct Taxes vide number S.O.2363(E) dated the 5th August, 2013 published in the Gazette of India, dated the 5th August, 2013 , 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 (14th Amendment) Rules, 2013. (2) They shall come into force on the 1st day of October, 2013. 2. In the Income-t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , prior to remitting the payment. (3) An income-tax authority may require the authorised dealer to furnish the signed printout referred to in sub-rule (2) for the purposes of any proceedings under the Act. (4) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture, transmission of data and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner specified. Explanation 1.- For the purposes of this rule, authorised dealer means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999). Explanation 2.- For the removal of dou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Indian companies including import of goods at project site 17 S0602 Freight insurance - relating to import and export of goods 18 S1011 Payments for maintenance of offices abroad 19 S1201 Maintenance of Indian embassies abroad 20 S1202 Remittances by foreign embassies in India 21 S1301 Remittance by non-residents towards family maintenance and savings 22 S1302 Remittance towards personal gifts and donations 23 S1303 Remittance towards donations to religious and charitable institutions abroad 24 S1304 Remittance towards grants and donations to other governments and ch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e is made REMITTANCE Amount payable before TDS (In Indian Currency) Aggregate amount of remittance made during the financial year including this proposed remittance Name of bank Name of the branch of the bank Proposed date of remittance Nature of remittance Tax deducted -- (a) Amount of tax deducted (b) Date of deduction VERIFICATION I/We*, ____________________ (full name in block letters), son/daughter of ______________ in the capacity of __________ (designation) solemnly declare that the information given above is true to the best of my knowledge and belief and no relevant information has been concealed. I/We* further undertake to submit the req ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in this Form*. 3. In case where it is found that the tax actually deductible on the amount of remittance has not been deducted or after deduction has not been paid or not paid in full, I/We* undertake to pay the amount of tax not deducted or not paid, as the case may be along with interest due. I/We* shall also be subject to the provisions of penalty for the said default as per the provisions of the Income-tax Act, 1961 . 4. I/We* further undertake to submit the requisite documents for enabling the Income-tax Authorities to determine the nature and amount of income of the recipient of the above remittance as well as documents required for determining my/our liability under the Income-tax Act, 1961 as a person responsible for deducti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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