Notification No. 294/2004-Income Tax Dated 8/12/2004

Notification No. 294 of 2004, dt. 8th Dec., 2004

S.O. 1340 (E). -In exercise of the powers conferred by section 295 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.

2. In the Income-tax Rules, 1962,-

(A) for rule 114A, the following rule shall be substituted, namely:-

 

Application for allotment of a tax deduction and collection account number

114A. (1) An application under sub-section (1) of section 203A for the allotment of a tax deduction and collection account number shall be made in duplicate in Form No.49B.

(2) An application referred to in sub-rule (1) shall be made,—

(3) The application referred to in sub-rule (1) shall be made,—

(i) in a case where a person has deducted tax or collected tax in accordance with the provisions of Chapter XVII under the heading ‘B.—Deduction at source’ or ‘BB.- Collection at source’, as the case may be, prior to the 1st day of October, 2004, on or before the 31st day of January, 2005;

(ii) in a case where a person has,-

on or after the 1st day of October, 2004, within one month from the end of the month in which the tax was deducted or collected, as the case may be, or the 31st day of January, 2005, whichever is later;

(B) in Appendix II, for Form No.49B, the following Form shall be substituted, namely:-

Form No. 49B

Note.- The principal rules were published vide Notification No.S.O.969(E), dated the 26 th March, 1962 and last amended by Income-tax (19th Amendment) Rules, 2004 vide Notification S.O. No.1334 (E) dated 7.12.2004.

F.No.142/32/2004-TPL