TMI BlogIncome-tax (14th Amendment) Rules, 2014 - Guidelines for notification of a semiconductor wafer fabrication manufacturing unit as specified business under section 35AD.X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. (1) These rules may be called the Income-tax (14th Amendment) Rules, 2014. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, (i) after rule 11-OA , the following rule shall be inserted, namely:- Guidelines for notification of a semiconductor wafer fabrication manufacturing unit as specified business under section 35AD . 11-OB. (1) The notification of a semiconductor wafer fabrication manufacturing unit as a specified business under sub-clause (xiii) of clause (c) of sub-section (8) of section 35AD of the Act shall be in accordance with the following procedure, namely:- (a) the applicant shall apply for notification of the u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dance with all or any of the conditions under section 35AD or under this rule; or (iii) the approval granted by the competent authority on the recommendations of the Appraisal Committee under the Modified Special Incentive Package Scheme of the Department of Electronics and Information Technology has been withdrawn. (h) no order treating the application as invalid or rejecting the application or withdrawing the approval or cancellation of the notification, shall be passed without giving an opportunity of being heard to the assessee; (i) a copy of the order invalidating or rejecting the application or withdrawing the approval shall be communicated to the applicant and the Assessing Officer and the Commissioner having jurisdiction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Special Incentive Package Scheme notified by the Government of India, Ministry of Communications and Information Technology, Department of Electronics and Information Technology; (b) date of commencement of operations means the date on which the commercial production of the unit commences; (c) semiconductor wafer fabrications means integrated circuits which are covered in the National Industrial Classification, 2008 under Division 26; Group 261; Class 261; Sub class 26103; (d) Unit means manufacturing facility for semiconductor wafer fabrications: (ii) in Appendix II, after Form No. 3CR, the following Form shall be inserted, namely:- FORM NO. 3CS [See rule 11-OB(1)(a)] Application for notification of a semico ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... firm-3, local authority-4, cooperative society-5, LLP-6, AOP/BOI artificial juridical person-7, individual-8, HUF-9, any other person-10 (please specify: _______________________)] (ix) If a domestic company (Tick) (x) Income-tax Ward/Circle____________________________________________ (xi) Residential Status (Tick) Resident Non-Resident 2.1 Location of the proposed unit:- (i) Name of the unit (if any)_______________________________ (ii) Complete address of location/locations of the proposed unit:- a) Location 1._______________________________________________ b) Location 2.______________________________________________ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the provisions of section 35AD of the Income-tax Act, 1961. I/We hereby certify that the above statements are true and correct to the best of my/our knowledge and belief. __________________________ (Signature of Applicant) __________________________ (Name in Block Letters) .................................................... (Designation of the signatory) Place:______________ Date:_______________ List of Enclosures:- 1._______________ 2._______________ 3._______________ 4._______________ 5._______________ 6._______________ 7.________________ [F. No.142/04/2014-TPL] (Raman Chopra) Director (TPL-II) Note:- The principal rules were published in the Gazette of India vide notificat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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