TMI BlogIncome-tax (Fourteenth Amendment) Rules, 2023.X X X X Extracts X X X X X X X X Extracts X X X X ..... proviso to clause (a) of sub-section (2) of section 35D by the assessee shall be in Form No. 3AF for each previous year. (2) Form No. 3AF shall be furnished one month prior to the due date for furnishing the return of income as specified under sub-section (1) of section 139. (3) Form No. 3AF shall be furnished to the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, or any person authorised by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems). (4) Form No. 3AF, shall be furnished electronically, (i) under digital signature, if the return of income is required to be furnished under digital signature; (ii) through electronic verification code in a case not covered under clause (i). (5) The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be, shall specify the procedures for furnishing Form No. 3AF and shall also be responsible for formulating and evolving appropriate security, archival and retrieval policies in relation to the form so furnished. (6) The Principal Dire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .. Membership No: Notes : 1. *Delete whichever is not applicable. 2. This report is to be given by an accountant as defined in the Explanation below sub-section (2) of section 288 of the Income-tax Act,1961. 3. Where any of the matters stated in this Report is answered in the negative or with a qualification, the Report shall state the reasons for the same. ANNEXURE TO FORM NO. 3AE SECTION A STATEMENT OF PARTICULARS REQUIRED FOR THE PURPOSES OF DEDUCTION UNDER SECTION 35D 1. Date of commencement of business 2. Where the deduction is claimed with reference to the expenditure incurred in connection with the extension of the industrial undertaking or the setting up of a new industrial unit, the date on which the extension was completed or new industrial unit commenced production or operation . *3. Qualifying amount of expenditure : (a) Expenditure in connection with- (i) preparation of feasibility report Rs (ii) preparation of project r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Name: .. Address: .. Membership No: . *Where the qualifying expenditure was incurred during more than one year, year-wise details of the expenditure should be given. Expenditure prior to 1.4.2023 under this head should be claimed only where the work in connection with the preparation of the feasibility report or project report or conducting market survey or any other survey or engineering services has been carried out by the assessee himself or by a concern which has been approved in this behalf by the Board. Expenditure after 1.4.2023 under this head requires Form No. 3AF also to be furnished. In a case where the claim relates to preliminary expenses incurred before the commencement of business, the actual cost of the specified assets which are shown in the books of the assessee as on the last day of the previous year in which the business was commenced should be given. In a case where the expenses were incurred in connection with the extension of the industrial undertaking or the setting up of a new industrial unit, the actual cost of the specified assets which are shown in the books of account as on the last day of the previou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b. Preparation of project report c. Conducting market survey or any other survey n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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