Notification No. : 143
Section(s) Referred : s. 295
Date of Issue : 9/6/2003
Notification No. 143 of 2003, dt. 9th June 2003.
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. (1) These rules may be called the income-tax (Eighth Amendment) Rules, 2003.
(2) They shall come into force from the date of publication in the Official Gazette.
In the Income-tax Rules, 1962,–
(a) in Part VI, for rule 29C, the following rule shall be substituted, namely :
’29C. Declaration by person claiming receipt of certain incomes without deduction of tax.–(1) A declaration under sub-section (1) by an individual or under sub-section (1A) of section 197A by a person (not being a company or firm) shall be in Form No. 15G and shall be verified in the manner indicated therein.
(2) The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for paying the “interest on securities” or dividend or interest other than “interest on securities” or, income in respect of units or, as the case may be, any amount referred to in clause (a) of sub-section (2) of section 80CCA.
(3) The person referred to in sub-rule (2) shall deliver or cause to be delivered to the Chief Commissioner or Commissioner, one copy of the declaration referred to in sub-rule (1) on or before the seventh day of the month next following the month in which the declaration is furnished to him.
Explanation.–For the purposes of sub-rule (3), the Chief Commissioner or the Commissioner means the Chief Commissioner or Commissioner to whom the Assessing Officer having jurisdiction to assess the person referred to in sub-rule (2) is subordinate.;
(b) in Appendix II,–
(i) Form No. 15G, shall be inserted.
[F.No. 29/FB/2003-TPL]
