9911796707
TMI BlogIncome-tax (Nineteenth Amendment) Rules, 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... x 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 (Nineteenth Amendment) Rules, 2000. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In Income-tax Rules, 1962,- (a) the following shall be inserted, namely ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p;………………………………………….. engaged in the business of ……………………………………………………….. in order to (nature of business) arrive at the book profits dur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hellip;……... Signed+Accountant Notes: 1. *Delete whichever is not applicable. 2. +This report is to be given by - (i) a Chartered Accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949); or (ii) any person, who in relation to any State, is, by virtue of the provisions in sub-section (2) of section 226 of the Companies Act, 1956 (1 of 1956), entitled t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 above has followed the same accounting policies, accounting standards for preparing the profit and loss account and the same method of rates for calculating depreciation as have been adopted for preparing accounts laid before the company at its annual general body meeting? If not, the extent and nature of variation be specified. ). YES / NO 9. Net profit according to Profit and Los ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p;……… 13. 7.5% of "book profit" as computed in 12 above. ……………………… 14. In case income-tax payable by the company referred to at Sl. No. 6 is less than seven and one-half per cent of its book profits shown in column 12, the amount of income-tax payable by the company would be 7.5% of column 12, i.e., as pe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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