Notification No. 280/2004-Income Tax Dated 16/11/2004

Notification No. 280 of 2004, dt. 16th Nov., 2004

Income Tax Notification No: 280 (16-Nov-04) Income-tax (Fourteenth Amendment) Rules, 2004

In exercise of the powers conferred by section 295, read with section 44AB, of the Income-tax 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 (Fourteenth Amendment) Rules, 2004.

(2) They shall come into force from the 1st day of December, 2004.

2. In Appendix-II to the Income-tax Rules, 1962,-

(A) in Form No.3CA, in item No.3, after the words, figure and letters “Form No.3CD”, the words “and the Annexure thereto” shall be inserted;

(B) in Form No.3CB, for item No.4, the following items shall be substituted, namely:-

“4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No.3CD.

5. In *my/our opinion and to the best of *my/our information and according to explanations given to *me/us, the particulars given in the said Form No.3CD and the Annexure thereto are true and correct.”;

(C) in Form No.3CD, for the Note occurring at the end, the following shall be substituted, namely:-

Note :

1. The Annexure to this Form must be filled up failing which the Form will be considered as incomplete.

2. This Form and the Annexure have to be signed by the person competent to sign Form No.3CA or Form No.3CB, as the case may be.

Annexure

Part A

1. Name of the assessee:…………………………….

2. Address:…………………………….

3. Permanent Account Number:…………………………….

4. Status:…………………………….

5. Previous year ended: 31st March…………………….
6. Assessment year:…………………………….

Part B

Nature of Business ………………..

Code* ………………

Sl. No.                                                Parameters                     Current Year           Preceding Year

1.       Paid up Share Capital

2.       Share Application Money

3.       Reserves and Surplus

4.       Secured Loans

5.       Unsecured Loans

6.       Current liabilities and Provisions

7.       Total of Balance Sheet

8.       Gross Turn Over

9.       Gross Profit

10.     Commission received

11.     Commission Paid

12.     Interest received

13.     Interest paid

14.     Depreciation as per books of Account

15.     Net Profit(or loss) before tax

16.     Taxes on income paid/provided for in the books

Signed

…………….

Place : ………………….

Date : …………………..

Note :

*Please enter the relevant code pertaining to the main area of your business activity.

The codes are as Follows :

Sector                       Sub – Sector                                   Code

                                 Agro-based Industries                   0101

                                 Automobile and Auto parts           0102

                                 Cement                                          0103

                                 Diamond Cutting                           0104

                                 Drugs and Pharmaceuticals           0105

                                 Electronics including Computer Hardware      0106

                                 Engineering goods                         0107

                                 Fertilizers, Chemicals, Paints        0108

                                 Flour & Rice Mills                        0109

                                 Food Processing units                   0110

                                 Marble & Granite                          0111

                                 Paper                                              0112

                                 Petroleum and Petrochemicals      0113

                                 Power and energy                          0114

                                 Printing & publishing                    0115

                                 Rubber                                           0116

                                 Steel                                               0117

                                 Sugar                                             0118

                                 Tea,Coffee                                     0119

                                 Textilex, Handlooms,Power Looms       0120

                                 Tobacco                                         0121

                                 Tyre                                               0122

                                 Vanaspati & Edible Oils                0123

                                 Others                                            0124

(2) Trading               Chain Stores                                  0201

                                 Retailers                                         0202

                                 Wholesalers                                   0203

                                 Others                                            0204

(3)Commission Agents                                                   General Commission Agents                      0301

(4)Builders               Builders                                         0401

                                 Estate Agents                                 0402

                                 Property Developers                      0403

                                 Others                                            0404

(5)Contractors          Civil Contractors                           0501

                                 Excise Contractors                        0502

                                 Forest Contractors                         0503

                                 Mining Contractors                       0504

                                 Others                                            0505

(6)Professionals       Chartered Accountants,Auditors etc.      0601

                                 Fashion Designers                         0602

                                 Legal Professionals                       0603

                                 Medical Professionals                   0604

                                 Nursing Homes                              0605

                                 Speciality Hospitals                       0606

                                 Others                                            0607

(7) Service Sector    Advertisement Agencies               0701

                                 Beauty Parlours                             0702

                                 Consultancy Services                    0703

                                 Courier Agencies                           0704

                                 Computer Training/Educational and Coaching institutes                                  0705

                                 Forex Dealers                                0706

                                 Hospitality Services                      0707

                                 Hotels                                            0708

                                 I.T. enabled services, BPO service provides    0709

                                 Security Agencies                          0710

                                 Software Development Agencies  0711

                                 Transporters                                   0712

                                 Travel Agents, Tour Operators     0713

                                 Others                                            0714

(8) Financial Service Sector                                           Banking Companies                                 0801

                                 Chit Funds                                     0802

                                 Financial Institutions                     0803

                                 Financial Service Providers           0804

                                 Leasing Companies                       0805

                                 Money Lenders                              0806

                                 Non Banking Finance Companies 0807

                                 Share Brokers, sub-brokers, etc.   0808

                                 Others                                            0809

(9) Entertainment Industry                                             Cable T.V productions                                 0901

                                 Film Distribution                           0902

                                 Film Laboratories                          0903

                                 Motion Picture Producers              0904

                                 Television Channels                      0905

                                 Others                                            0906