Income-tax (Seventh Amendment) Rules, 2009 - Insertion of rule 37BB
Notification No. 30/2009 [F. No. 142/19/2007-TPL]/S.O. 857(E), dated 25-3-2009
In exercise of the powers conferred by section 295 read with sub-section (6) of section 195 of the Income-tax Act, 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 (Seventh Amendment) Rules, 2009.
(2) They shall come into force with effect from 1st July, 2009.
2. In the Income-tax Rules, 1962, after rule 37BA, the following rule shall be inserted, namely:—
"Furnishing of information under sub-section (6) of section 195.
37BB. (1) The information under sub-section (6) of section 195 shall be furnished by the person responsible for making the payment to a non-resident, not being a company, or to a foreign company, after obtaining a certificate from an accountant as defined in the Explanation to section 288 of the Income-tax Act, 1961.
(2) The information to be furnished under sub-section (6) of section 195 shall be in Form No. 15CA and shall be verified in the manner indicated therein and the certificate from an accountant referred to in sub-rule (1) shall be obtained in Form No. 15CB.
(3) The information in Form No. 15CA shall be furnished electronically to the website designated by the Income-tax Department and thereafter signed printout of the said form shall be submitted prior to remitting the payment.
(4) The Director-General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture, transmission of data and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner specified."
FORM NO. 15CA
(See rule 37BB)
Information to be furnished under sub-section (6) of Section 195 of the Income-tax Act, 1961 relating to remittance of payments to a non-resident or to a foreign company
Ack. No -
Part A
GENERAL
INFORMATION : REMITTER
Name of Remitter (Person responsible
For making payment u/s 195 of IT Act, 1961)
PAN of Remitter
Flat/Door/Block No.
Name of Premises/Building/Village
TAN of Remitter
Road/Street/Post Office
Area/Locality
Status-
Write 1 if company, Write 2 if firm, and write 3 if others
In case of company-If domestic, write ‘1’ and if other than domestic, write ‘2’
Town/City/District
State
Pin code
Principal Place of Business
Email Address
(STD code)-Phone Number
( )
Area Code
AO Type
Range Code
AO No
INFORMATION : RECIPIENT OF REMITTANCE
Name of recipient of Remittance
PAN of recipient of Remittance
Complete Address:
Country to which remittance is made :
Status-
Write 1 if company, write 2 if firm, and write 3 if others
Principal Place of Business
In case of company- If domestic, write ‘1’ and if other than domestic, write ‘2’
Email Address
(ISD code)-Phone Number
( )
INFORMATION : ACCOUNTANT
(a)
Name of the Accountant* signing the certificate
(b)
Name of the proprietorship/ firm of the Accountant
(c)
Address
(d)
Registration no. of the Accountant
(e)
Date of Certificate : (DD/MM/YYYY)
**Certificate No :
* Accountant (other than an employee) shall have the same meaning as defined in the Explanation to Section 288 of Income-tax Act, 1961.
** Please fill the serial number as mentioned in the certificate of the accountant.
For Office Use Only
For Office Use Only
Receipt No.
Date
Seal and Signature of receiving official
Part B
PARTICULARS OF REMITTANCE AND TDS (as per certificate of the Accountant)
PARTICULARS OF REMITTANCE AND TDS
1.
Country to which remittance is made
Country:
Currency:
2.
Amount of remittance
In foreign currency
In Indian Rs.
3.
Name of the bank
Branch of the bank
4.
BSR Code of the bank branch (7 digit)
5.
Proposed date of remittance
(DD/MM/YYYY)
6.
Amount of TDS
In foreign currency
In Indian Rs.
7.
Rate of TDS
As per Income-tax Act (%)
As per DTAA (%)
8.
Actual amount of remittance after TDS
In foreign currency
In Indian Rs.
9.
Date of deduction of tax at source
(DD/MM/YYYY)
10.
Nature of remittance as per agreement/ document
11.
In case the remittance is net of taxes, whether tax payable has been grossed up?
(Tick) Ö Yes No
12.
If the remittance is for royalties, fee for technical services, interest, dividend, etc., please indicate:-
(Tick) Ö Yes No
(a) The clause of the relevant DTAA under which the remittance is covered along with reasons
Clause of DTAA
(b) Rate of TDS required to be deducted in terms of such clause of the applicable DTAA
As per DTAA (%)
(c) In case TDS is made at a lower rate than the rate prescribed under DTAA, reasons thereof
13.
In case remittance is for supply of articles or things (e.g. plant, machinery, equipment etc.), please indicate,
(Tick) Ö Yes No
(a) Whether the recipient of remittance has any permanent establishment (PE) in India through which the beneficiary of the remittance is directly or indirectly carrying on such activity of supply of articles or things?
(Tick) Ö Yes No
(b) Whether such remittance is attributable to or connected with such permanent establishment
(Tick) Ö Yes No
(c) If the reply to Item no. (b) above is ‘yes’, the amount of income comprised in such remittance which is liable to tax.
(d) If not, the reasons in brief thereof.
14.
In case the remittance is on account of business income, please indicate:-
(Tick) Ö Yes No
(a) Whether such income is liable to tax in India
(Tick) Ö Yes No
(b) If so, the basis of arriving at the rate of deduction of tax.
(c) If not, the reasons thereof.
15.
In case any order u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer, details thereof:
(Tick) Ö Yes No
(a) Name and Designation of the Assessing officer who issued the order/ certificate
(b) Date of the order/ certificate
(DD/MM/YYYY)
(c) Specify whether u/s 195(2)/ 195(3)/ 197 of I T Act
16.
In case of any other remittance, if tax is not deducted at source for any reason, details thereof.
VERIFICATION
I/We, _____________________________________(full name in block letters), son/ daughter of ______________________________solemnly declare that the information given above is true to the best of my/our knowledge and belief and no relevant information has been concealed. I/We certify that a certificate has been obtained from an accountant, particulars of which are given in this Form, certifying the amount, nature and correctness of deduction of tax at source. In a case where it is found that the tax actually deductible on the amount of remittance has not been deducted or after deduction has not been paid or not paid in full. I/we undertake to pay the amount of tax not deducted or not paid, as the case may be along with interest due. I/We shall also be subject to the provisions of penalty for the said default as per the provisions of the IT Act, 1961. I/We further undertake to submit the requisite documents for enabling the Income-tax Authorities to determine the nature and amount of income of the recipient of the above remittance as well as documents required for determining my/our liability under the Income-tax Act as a person responsible for deduction of tax at source. I/We further declare that I/we am/are furnishing this information in my/our capacity as ____________________and I/we am/are also competent to sign the return of income as per provisions of section 140 of the Income-tax Act, 1961 and verify it.
Place Date Sign here Ô
FORM NO. 15CB
(See rule 37BB)
Certificate of an accountant*
I/We have examined the agreement (wherever applicable) between Mr./Ms./M/s…………………………and Mr./Ms./M/s…………………requiring the (remitters) (beneficiary) above remittance as well as the relevant documents and books of account required for ascertaining the nature of remittance and for determining the rate of deduction of tax at source as per provisions of sub-section (6) of section 195. We hereby certify the following:—
A
Name and address of the beneficiary of the remittance
B
1.
Country to which remittance is made
Country:
Currency:
2.
Amount of remittance
In foreign currency
In Indian Rs.
3.
Name of the bank
Branch of the bank
4.
BSR Code of the bank branch (7 digit)
5.
Proposed date of remittance
(DD/MM/YYYY)
6.
Amount of TDS
In foreign currency
In Indian Rs.
7.
Rate of TDS
As per Income-tax Act (%)
As per DTAA (%)
8.
Actual amount of remittance after TDS
In foreign currency
In Indian Rs.
9.
Date of deduction of tax at source
(DD/MM/YYYY)
10.
Nature of remittance as per agreement/ document
11.
In case the remittance is net of taxes, whether tax payable has been grossed up? If so computation thereof may be indicated.
(Tick)Ö Yes No
12.
If the remittance is for royalties, fee for technical services, interest, dividend, etc, please indicate:-
(Tick)Ö Yes No
(a) The clause of the relevant DTAA under which the remittance is covered along with reasons
Clause of DTAA
(b) Rate of TDS required to be deducted in terms of such clause of the applicable DTAA
As per DTAA (%)
(c) In case TDS is made at a lower rate than the rate prescribed under DTAA, reasons thereof
13.
In case remittance is for supply of articles or things (e.g. plant, machinery, equipment etc.), please indicate,
(Tick)Ö Yes No
(a) Whether the recipient of remittance has any permanent establishment (PE) in India through which the beneficiary of the remittance is directly or indirectly carrying on such activity of supply of articles or things?
(Tick)Ö Yes No
(b) Whether such remittance is attributable to or connected with such permanent establishment
(Tick)Ö Yes No
(c) If the reply to Item no. (b) above is ‘yes’, the amount of income comprised in such remittance which is liable to tax.
(d) If not, the reasons in brief thereof.
14.
In case the remittance is on account of business income, please indicate:-
(Tick)Ö Yes No
(a) Whether such income is liable to tax in India
(Tick)Ö Yes No
(b) If so, the basis of arriving at the rate of deduction of tax.
(c) If not, the reasons thereof.
15.
In case any order u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer, details thereof:
(Tick)Ö Yes No
(a) Name and Designation of the Assessing officer who issued the order/ certificate
(b) Date of the order/ certificate
(DD/MM/YYYY)
(c) Specify whether u/s 195(2)/ 195(3)/ 197 of I T Act
16.
In case of any other remittance, if tax is not deducted at source for any reason, details thereof.
(Attach separate sheet duly authenticated wherever necessary)
**Certificate No.:
Signature:
Date : Name:
Place: Name of the proprietorship/firm
Address:
Registration number:
* (To be signed and verified by an accountant (other than an employee) as defined in the Explanation to section 288 of the Income-tax Act, 1961).
** Certificate number is an internal reference number to be given by the Accountant
Monday, March 30, 2009
Notification for change in the Format of Form 16/16AA
NOTIFICATION NO 31/2009, Dated: March 25, 2009
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 (8th Amendment) Rules, 2009.
(2) They shall come into force on the 1st day of April, 2009.
2. In the Income-tax Rules, 1962,
(a) for rules 30, 31, 31A and 31AA, the following rules shall be substituted, namely:
“Time and mode of payment to Government account of tax deducted at source or tax paid under Chapter XVII -B
30.(1) All sums deducted in accordance with the provisions of Chapter XVII-B shall be paid to the credit of the Central Government
(a) within two months from the end of the month in which the amount is credited by the payer to the account of the payee if the crediting is on the date up to which the accounts of the payer are made; and
(b) in any other case, within one week from the end of the month in which the (i) deduction is made; or
(ii) income-tax is due under sub -section (1A) of section 192.
(2) Notwithstanding anything contained in sub -rule (1), the Assessing Officer may permit, in special cases,
(a) quarterly payment of the amount on June 15, September 15, December 15 and March 15 if the amount is deducted from any income chargeable under the head “Salaries”; and
(b) quarterly payment of the amount on July 15, October 15, January 15 and April 15 if the amount is deducted from any income by way of
(i) interest, other than interest on securities; (ii) insurance commission; or
(iii) commission or brokerage referred to in section 194H.
(3) No permission under sub -rule (2) shall be granted without the prior approval of the Joint Commissioner.
(4) The person responsible for making deduction, or payment of tax, under Chapter XVII-B shall, within the time specified in sub -rule (1), or sub -rule (2),
(a) electronically furnish an income-tax challan in Form No.17; and
(b) pay the amount so deducted to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank.
(5) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of
(a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) credit or debit card.
Certificate of tax deducted at source or tax paid under sub -section (1A) of section 192
31.(1) The certificate of deduction of tax at source or, the certificate of payment of tax by the employer on behalf of the employee, under section 203 shall be in
(a) Form No.16 if the deduction or, payment of tax, is under section 192; and (b) Form No.16A if the deduction is under any other provision of Chapter XVII-B.
(2) The certificate referred to in sub -rule (1) shall be furnished to the deductee
(a) within one week after the date on which the sum of tax deducted at source is paid to the credit of the Central Government if the payment in respect of which the tax so deducted is by way of crediting on the date upto which the accounts of the deductor are made;
(b) within one month from the end of the financial year in which the payment is made to the deductee if (i) the deduction of tax is made under sub -section (1) of section 192;
(ii) the certificate relates to payment of tax by the employer on behalf of the employee under section (1A) of section 192;
(iii) the deduction of tax is made under section 194D; or
(iv) more than one certificate is required to be furnished to a deductee for deductions of income-tax made during a financial year and the deductee has requested for issue of a consolidated certificate in respect of such deductions;
(c) within fourteen days from the date of payment of income-tax if the payment is made quarterly under sub -rule (2) of rule 30;
(d) within one month from the end of the month in which the deduction of tax at source is made, in all other cases.
(3) The deductor may issue a duplicate certificate in Form No.16 or Form No.16A, as the case may be, if the deductee has lost the original certificate so issued and makes a request for issuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the deductor.
(4) The Assessing Officer, before giving credit for the tax deducted at source on the basis of duplicate certificate referred to in sub -rule (3), shall
(a) obtain an Indemnity Bond from the deductee; and
(b) get the payment certified by the Assessing Officer designated in this behalf by the Chief Commissioner or the Commissioner.
Quarterly statement of deduction of tax or collection of tax
31A.(1) Every person who has been allotted a tax deduction and collection account number under section 203A shall deliver, or cause to be delivered the following quarterly statements; namely:
(a) the TDS Compliance Statement in Form No.24C;
(b) the Quarterly Statement of deduction of tax under section 192 in Form No.24Q; (c) the Quarterly Statement of deduction of tax under sections 193 to 196D in
(i) Form No.27Q in respect of the deductee other than a company, being a non-resident or resident but not ordinarily resident, or the deductee being a foreign company; and
(ii) Form No.26Q in respect of all other deductees; and
(d) the Quarterly Statement for collection of tax under section 206C in Form No.27EQ.
(2) Every person, who is required to deliver, or cause to be delivered, under sub -rule (1), the statements referred to therein, shall deliver, or cause to be delivered, such statements electronically to the Director General of Income Tax (Systems) or the person authorised by the Director General of Income Tax (Systems).
(3) The statement in Form No.24C referred to in sub -rule (1), shall be delivered, or caused to be delivered, on or before
the 15th July, the 15th October, the 15th January in respect of the first three quarters of the financial year,
respectively, and on or before the 15th June following the last quarter of the financial year.
(4) The statements in Form No.24Q, Form No.26Q, Form No.27Q and Form No.27EQ referred to in sub -rule (1), shall be delivered, or caused to be delivered, on or before the 15th June following the financial year.”;
(b) rule 37A shall be omitted;
(c) for rules 37CA and 37D, the following rules shall be substituted, namely:
“Time and mode of payment to Government account of tax collected at source under Chapter XVII -BB
37CA. (1) All sums collected in accordance with the provisions of Chapter XVII-BB shall be paid to the credit of the Central Government within one week from the end of the month in which the collection is made.
(2) The person responsible for making collection under Chapter XVII-BB shall, within the time specified in sub -rule (1),(a) electronically furnish an income-tax challan in Form No.17; and
(b) pay the amount so collected to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank.
(3) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of
(a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) credit or debit card.
Certificate of tax collected at source
37D. (1) The certificate of collection of tax at source under sub -section (5) of section 206C shall be in Form No.27D.
(2) The certificate referred to in sub -rule (1), shall be furnished to the deductee within one month from the end of the month in which the amount is debited to the account of the buyer or licensee or lessee or payment is received from the buyer or licensee or lessee, as the case may be.
(3) The person responsible for collecting tax at source may issue a duplicate certificate in Form No.27D, if the buyer or licensee or lessee has lost the original certificate so issued and makes a request for issuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the person responsible for collecting tax at source.
(4) The Assessing Officer, before giving credit for the tax collected at source on the basis of duplicate certificate referred to in sub -rule (3), shall
(a) obtain an Indemnity Bond from the buyer or licensee or lessee; and
(b) get the payment certified by the Assessing Officer designated in this behalf by the Chief Commissioner or the Commissioner.”;
(d) for Form No.16, Form No.16A and Form No.16AA, the following forms shall be substituted, namely:
F.No.142/22/2008-TPL
(Vijay K. Jaiswal)
Under Secretary to the Government of India
Note:- The principal rules were published vide Notification No.S.O.969(E) dated the 26th March, 1962 and last amended by Incometax (6th Amendment) Rules, 2009 vide Notification S.No.740(E) dated 16.3.2009.
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 (8th Amendment) Rules, 2009.
(2) They shall come into force on the 1st day of April, 2009.
2. In the Income-tax Rules, 1962,
(a) for rules 30, 31, 31A and 31AA, the following rules shall be substituted, namely:
“Time and mode of payment to Government account of tax deducted at source or tax paid under Chapter XVII -B
30.(1) All sums deducted in accordance with the provisions of Chapter XVII-B shall be paid to the credit of the Central Government
(a) within two months from the end of the month in which the amount is credited by the payer to the account of the payee if the crediting is on the date up to which the accounts of the payer are made; and
(b) in any other case, within one week from the end of the month in which the (i) deduction is made; or
(ii) income-tax is due under sub -section (1A) of section 192.
(2) Notwithstanding anything contained in sub -rule (1), the Assessing Officer may permit, in special cases,
(a) quarterly payment of the amount on June 15, September 15, December 15 and March 15 if the amount is deducted from any income chargeable under the head “Salaries”; and
(b) quarterly payment of the amount on July 15, October 15, January 15 and April 15 if the amount is deducted from any income by way of
(i) interest, other than interest on securities; (ii) insurance commission; or
(iii) commission or brokerage referred to in section 194H.
(3) No permission under sub -rule (2) shall be granted without the prior approval of the Joint Commissioner.
(4) The person responsible for making deduction, or payment of tax, under Chapter XVII-B shall, within the time specified in sub -rule (1), or sub -rule (2),
(a) electronically furnish an income-tax challan in Form No.17; and
(b) pay the amount so deducted to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank.
(5) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of
(a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) credit or debit card.
Certificate of tax deducted at source or tax paid under sub -section (1A) of section 192
31.(1) The certificate of deduction of tax at source or, the certificate of payment of tax by the employer on behalf of the employee, under section 203 shall be in
(a) Form No.16 if the deduction or, payment of tax, is under section 192; and (b) Form No.16A if the deduction is under any other provision of Chapter XVII-B.
(2) The certificate referred to in sub -rule (1) shall be furnished to the deductee
(a) within one week after the date on which the sum of tax deducted at source is paid to the credit of the Central Government if the payment in respect of which the tax so deducted is by way of crediting on the date upto which the accounts of the deductor are made;
(b) within one month from the end of the financial year in which the payment is made to the deductee if (i) the deduction of tax is made under sub -section (1) of section 192;
(ii) the certificate relates to payment of tax by the employer on behalf of the employee under section (1A) of section 192;
(iii) the deduction of tax is made under section 194D; or
(iv) more than one certificate is required to be furnished to a deductee for deductions of income-tax made during a financial year and the deductee has requested for issue of a consolidated certificate in respect of such deductions;
(c) within fourteen days from the date of payment of income-tax if the payment is made quarterly under sub -rule (2) of rule 30;
(d) within one month from the end of the month in which the deduction of tax at source is made, in all other cases.
(3) The deductor may issue a duplicate certificate in Form No.16 or Form No.16A, as the case may be, if the deductee has lost the original certificate so issued and makes a request for issuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the deductor.
(4) The Assessing Officer, before giving credit for the tax deducted at source on the basis of duplicate certificate referred to in sub -rule (3), shall
(a) obtain an Indemnity Bond from the deductee; and
(b) get the payment certified by the Assessing Officer designated in this behalf by the Chief Commissioner or the Commissioner.
Quarterly statement of deduction of tax or collection of tax
31A.(1) Every person who has been allotted a tax deduction and collection account number under section 203A shall deliver, or cause to be delivered the following quarterly statements; namely:
(a) the TDS Compliance Statement in Form No.24C;
(b) the Quarterly Statement of deduction of tax under section 192 in Form No.24Q; (c) the Quarterly Statement of deduction of tax under sections 193 to 196D in
(i) Form No.27Q in respect of the deductee other than a company, being a non-resident or resident but not ordinarily resident, or the deductee being a foreign company; and
(ii) Form No.26Q in respect of all other deductees; and
(d) the Quarterly Statement for collection of tax under section 206C in Form No.27EQ.
(2) Every person, who is required to deliver, or cause to be delivered, under sub -rule (1), the statements referred to therein, shall deliver, or cause to be delivered, such statements electronically to the Director General of Income Tax (Systems) or the person authorised by the Director General of Income Tax (Systems).
(3) The statement in Form No.24C referred to in sub -rule (1), shall be delivered, or caused to be delivered, on or before
the 15th July, the 15th October, the 15th January in respect of the first three quarters of the financial year,
respectively, and on or before the 15th June following the last quarter of the financial year.
(4) The statements in Form No.24Q, Form No.26Q, Form No.27Q and Form No.27EQ referred to in sub -rule (1), shall be delivered, or caused to be delivered, on or before the 15th June following the financial year.”;
(b) rule 37A shall be omitted;
(c) for rules 37CA and 37D, the following rules shall be substituted, namely:
“Time and mode of payment to Government account of tax collected at source under Chapter XVII -BB
37CA. (1) All sums collected in accordance with the provisions of Chapter XVII-BB shall be paid to the credit of the Central Government within one week from the end of the month in which the collection is made.
(2) The person responsible for making collection under Chapter XVII-BB shall, within the time specified in sub -rule (1),(a) electronically furnish an income-tax challan in Form No.17; and
(b) pay the amount so collected to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank.
(3) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of
(a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) credit or debit card.
Certificate of tax collected at source
37D. (1) The certificate of collection of tax at source under sub -section (5) of section 206C shall be in Form No.27D.
(2) The certificate referred to in sub -rule (1), shall be furnished to the deductee within one month from the end of the month in which the amount is debited to the account of the buyer or licensee or lessee or payment is received from the buyer or licensee or lessee, as the case may be.
(3) The person responsible for collecting tax at source may issue a duplicate certificate in Form No.27D, if the buyer or licensee or lessee has lost the original certificate so issued and makes a request for issuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the person responsible for collecting tax at source.
(4) The Assessing Officer, before giving credit for the tax collected at source on the basis of duplicate certificate referred to in sub -rule (3), shall
(a) obtain an Indemnity Bond from the buyer or licensee or lessee; and
(b) get the payment certified by the Assessing Officer designated in this behalf by the Chief Commissioner or the Commissioner.”;
(d) for Form No.16, Form No.16A and Form No.16AA, the following forms shall be substituted, namely:
F.No.142/22/2008-TPL
(Vijay K. Jaiswal)
Under Secretary to the Government of India
Note:- The principal rules were published vide Notification No.S.O.969(E) dated the 26th March, 1962 and last amended by Incometax (6th Amendment) Rules, 2009 vide Notification S.No.740(E) dated 16.3.2009.
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