Draft Income Tax Rule 221, 222, 223, 224 – Forms for Accountant Certificate (Sec 398(2)), Notice of Demand (Sec 289), Advance Tax Estimate (Sec 407(8)) & Statement under Sec 413/414
Rules 221 to 224 prescribe specific forms for compliance with certain provisions of the Income-tax Act to ensure procedural uniformity and clarity. Rule 221 mandates that the certificate required from an accountant under section 398(2) must be furnished in Form No. 149. Rule 222 provides that, notwithstanding anything contained in rule 179, a notice of demand issued under section 289 in pursuance of an order under section 407 must be served upon the assessee in Form No. 151. Rule 223 specifies that the intimation required to be sent by an assessee to the Assessing Officer under section 407(8), relating to an estimate of advance tax, shall be furnished in Form No. 152. Rule 224 further provides that a statement under section 413 or section 414 shall be drawn up by the Tax Recovery Officer in Form No. 153. Collectively, these rules standardize documentation and procedural requirements for accountant certification, tax demand notices, advance tax estimation, and tax recovery statements, thereby ensuring consistency in administration and compliance.
Rule 221
Form for furnishing certificate of accountant under Section 398(2) of the Act.
The certificate from an accountant under section 398(2) shall be furnished in Form No. 149.
Rule 222
Notice of Demand under section 289 of the Act.
Irrespective of anything contained in rule 179, the notice of demand under section 289 to be served upon the assessee in pursuance of an order under section 407 shall be in Form No. 151.
Rule 223
Estimate of advance tax under section 407(8) of the Act.
The intimation which an assessee has to send to the Assessing Officer under section 407(8) shall be in Form No. 152.
Rule 224
Form of statement under section 413 or section 414 of the Act.
A statement under section 413 or section 414 shall be drawn up by the Tax Recovery Officer in Form No. 153.
