Due Date for Half Year Service Tax Return from Oct to March 2013

CBEC has declared the due date for filing half service tax return for period ending 31st March 2013. Due date for half yearly service tax return has been extended from 25th April to 31st August 2013. Service Tax ST-3 Form for half yearly service tax return is expected to be released on 31st July 2013. Due date for Half Year ending 30th Sept 2013 i.e. 1st April 2013 to 30th September is 25th October 2013.

Due Date for Service Tax Half Yearly Return for period

  • 1st April to 30th September : 25th October
  • 1st October to 31st March: 25th April

Service Tax Order No: 03/2013 Dated 23rd April 2013

In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends the date of submission of the  Form ST-3, for the period from 1stOctober 2012 to 31st March 2013, from 25th April, 2013 to  31st August, 2013.

The circumstances of a special nature, which have given rise to this extension of time, are as follows:

“The Form ST-3, for the period from 1st October 2012 to 31st March 2013, is expected to be available on ACES around 31st of July, 2013”

Now Available: Download Half Yearly Service Tax Return Oct to March 2013

Download Service Tax Return ST-3 for Second Quarter July -Sept 2012

Due date for July-Sept 2012, 2nd Quarterly Service Tax Return is 30th April 2013. As per the CBEC quarterly service return has be filed in new format of ST-3 Form. Service Provider should always use the latest format of ST-3 for Quarterly Return. Service Provider can download the latest ST 3 Service Tax Quarterly return for online filing of Service Tax return.

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Service Tax Form S.T.-5, S.T.-6 and S.T.-7 Amendment

Amendment in Service tax Form S.T.-5, S.T.-6 and S.T.-7 – Service Tax Notification No. 5/2013 dt. 10th April 2013

In exercise of the powers conferred by sub-section(1) read with sub-section (2) of section 94 of the Finance Act 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely:-
1. (1) These rules may be called the Service Tax (Second Amendment) Rules, 2013.
(2) They shall come into force on and from the 1st day of June, 2013.
2. For Form No. S.T.-5, S.T.-6 and S.T.-7 appended to the said rules, the following Forms shall respectively be substituted, namely:-

Form ST 5: Form of Appeal to Appellate Tribunal under sub-section (1) of section 86 of the Finance Act, 1994. See Rule 9(1) 

FORM ST 6: Form of Memorandum of Cross-Objections to the Appellate Tribunal under sub-section (4) of section 86 of Finance Act, 1994. See rule 9 (3)

FORM ST 7: Form of Appeal to Appellate Tribunal under sub-section (2) of section 86 or sub-section (2A) of section 86 of the Finance Act, 1994. See rules 9 (2) and 9 (2A)

Rule 9. Form of appeals to Appellate Tribunal 

1.An appeal under sub-section (1) of section 86 of the Act to the Appellate Tribunal shall be made in Form ST-5 in quadruplicate and shall be accompanied by a copy of the Order appealed against (one of which shall be a certified copy).
2. An appeal under sub-section (2) of section 86 of the Act to the Appellate Tribunal shall be made in Form ST-7 in quadruplicate and shall be accompanied by a copy of the order of the Commissioner of Central Excise (one of which shall be a certified copy) and a copy of the order passed by the Central Board of Excise and Customs directing the Commissioner of Central Excise to apply to the Appellate Tribunal.
2A. An appeal under sub-section (2A) of Section 86 of the Act to the Appellate Tribunal shall be made in from ST-7 in quadruplicate and shall be accompanied by a copy of the order of the Commissioner of Central Excise (Appeals) (one of which shall be a certified copy) and a copy of the order passed by the Commissioner of Central Excise directing the Assistant Commissioner of Central Excise or as the case may be, the Deputy Commissioner of Central Excise to apply to the Appellate Tribunal; and
3.A memorandum of cross-objections under sub-section (4) of section 86 of the Act, shall be made in form ST-6 in quadruplicate.

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Penalty or Late Fee for Furnishing of Service Tax Returns

Penalty or Late Fee for Furnishing of Service Tax  Returns

Every Person who is liable to pay service tax is required to submit the service tax return on time or due date as prescribed by the service tax authority. In case person is not able to file Service Tax return he has to pay penalty/late fee for same. But as per section 70 of Finance Act,1994 maximum penalty for late filing of Service Tax return is Rs 20000/-(Twenty Thousand Rupees Only).

As per Rule 7C of Service Tax Rules 1994 7C): Schedule for Late Fee For Service Tax Return (Read Penalty Chart for Service Tax)

(i) fifteen days from the date prescribed for submission of such return, an amount of five hundred rupees;

(ii) beyond fifteen days but not later than thirty days from the date prescribed for submission of  such return, an amount of one thousand rupees; and

(iii) beyond thirty days from the date prescribed for submission of such return an amount of one thousand rupees plus one hundred rupees for every day from the thirty first day till the date of furnishing the said return:

Provided also that where the gross amount of service tax payable is nil, the Central Excise officer  officer may, on being satisfied that there is sufficient reason for not filing the return, reduce or waive the penalty.

Section Nature of default Amount for Penalty
70 Fees for late filling of Return.

Delay upto 15 days from the due date

Delay of more than 15 days and upto 30 days from the due date

Delay of more than 30 days from the due date

 

Rs. 500

 

Rs. 1000

 

Rs. 1000 + Rs. 100 per day from 31st day maximum Rs.20000 w.e.f. 01.04.2011 prior to that Rs. 2000/-

Reference Rule 7C of Service Tax Rules 1994

(7C). Amount to be paid for delay in furnishing the prescribed return.— Where the return
prescribed under rule 7 is furnished after the date prescribed for submission of such return, the person liable to to furnish the said return shall pay to the credit of the Central Government, for the period of  delay of-

(i) fifteen days from the date prescribed for submission of such return, an amount of five hundred rupees;
(ii) beyond fifteen days but not later than thirty days from the date prescribed for submission of  such return, an amount of one thousand rupees; and
(iii) beyond thirty days from the date prescribed for submission of such return an amount of one thousand rupees plus one hundred rupees for every day from the thirty first day till the date of furnishing the said return:
Provided that the total amount payable in terms of this rule, for delayed submission of return, shall not  exceed the amount specified in section 70 of the Act:
Provided further that where the assessee has paid the amount as prescribed under this rule for delayed submission of return, the proceedings, if any, in respect of such delayed submission of return shall be deemed to be concluded.

Provided also that where the gross amount of service tax payable is nil, the Central Excise officer  officer may, on being satisfied that there is sufficient reason for not filing the return, reduce or waive the penalty.

Reference Chapter V Section 70 of Finance Act 1994

70. Furnishing of Returns

Every person liable to pay the service tax shall himself assess the tax due on the services provided by him and shall furnish to the Superintendent of Central Excise, a return in such form and in such manner and at such frequency and with such late fee not exceeding twenty thousand rupees, for delayed furnishing of return, as may be prescribed.

(2) The person or class of persons notified under sub-section (2) of section 69, shall furnish to the Superintendent of Central Excise, a return in such form and in such manner and at such frequency as may be prescribed.

Section 69 of Finance Act 1994, Service Tax Registration

69. Registration – (1) Every person liable to pay the service tax under this chapter or the rules made there under shall, within such time and in such manner and in such form as may be prescribed, make an application for registration to the 6[Superintendent of Central Excise.
(2) The person or class of persons notified under sub-section (2) of section 69, shall furnish to the Superintendent of Central Excise, a return in such form and in such manner and at such frequency as may be prescribed.

Income Tax Challan Correction, Rectification of Challan Details

Process of Income Tax Challan Correction and Rectification of Challan Details. One of the most common problem related to payment of income tax is wrong details filed in Income Tax Challan,  So how to rectify or correct the Income Tax challan or how to transfer the   income tax paid to correct PAN Number or how to correct assessment year in IT Challan. So to solve the challan correction problem income tax Income Tax Department has introduced OLTAS (On Line Tax Accounting System), the physical challans of all Direct Tax payments received from the deductors / taxpayers are digitized on daily basis by the  collecting banks and the data transmitted to TIN (Tax Information Network) through link cell. At present, the banks are permitted to correct data relating to three fields only i.e. amount, major head code and name.

The other errors can be corrected only by the assessing officers. So if person want to correct the PAN number or  Assessment Year in Income tax Challan can do so within 7 days by filing application with Bank of Deposit but after 7 days he has to contact assessing officer for any correction in Income Tax Challan.

New Procedure of challan correction by banks (for physical challans):
To remedy this situation, a new Challan Correction Mechanism for physical challans has been put in place. Under this mechanism, for income tax payments made on or after  1.9.2011, the following fields can be got corrected through the concerned bank branch:

  • Assessment Year,  TAN/PAN,  Total Amount  can be corrected with in 7days from challan deposit date
  • Nature of payment (TDS Codes),  Major Head Code  Minor Head Code can be corrected with 3 months from challan deposit date.

Conditions for correction of Income Tax Deposit Challan by Bank
The changes can be made by the banks, subject to following conditions:

  1. Correction in Name is not permitted.
  2. Any combination of correction of Minor Head and Assessment Year together is not allowed.
  3. PAN/TAN correction will be allowed only when the name in the challan matches with the name as per the new PAN/TAN.
  4. The change of amount will be permitted only on the condition that the amount so corrected is not different from the amount actually received by the bank and credited to Govt. Account.
  5. For a single challan, correction is allowed only once. However, where 1st correction request is made only for amount, a 2nd correction request will be allowed for correction in other fields.
  6. There will be no partial acceptance of change correction request, i.e. either  all the requested changes will be allowed, if they pass the validation, or no change will be allowed, if any one of the requested changes fails the validation test.

Format of application to bank for challan correction to be requested by the taxpayer

To
The Branch Manager,
————————— (Address of Branch)
Taxpayer Details :
Taxpayer Name :
Taxpayer Address :
Taxpayer TAN/PAN :
Name of Authorized Signatory :
(in case of non-individual taxpayer)
Sub : Request for Correction in Challan No: 280/281/282/283 [Strike out which ever is not applicable]
Sir/Madam,
I request you to make corrections in the challan data as per following details :
Challan Details:
BSR Code Challan Tender Date (Cash/Cheque Deposit Date) Challan Sl. No.
Sl. No. Fields in which correction required Please Tick Original Details Modified Details
1. TAN/PAN (10 digit)
2. Assessment Year (YYYY)
3. Major Head code (4 digit)
4. Minor Head code (3 digit)
5. Nature of Payment (3 digit)
6. Total Amount (13 digit)
Note: Please tick against the relevant fields where changes are required.

Tax payer/Authorized Signatory

Date
Note:
1. Attach copy of original challan counterfoil.
2. In case of correction to challan 280, 282, 283 attach copy of PAN card.
3. In case of a non-individual tax payer, attach the original authorization with seal of the
non-individual tax-payer.
4. The request form for correction is to be submitted in duplicate to the bank branch.
5. A separate request form is to be submitted for each challan.

Form B, Download Income Tax Form B In PDF Format

Form B for Declaration to Be Submitted To the Depository Participant. Under the Rajiv Gandhi Equity Saving Scheme only Individual those are investing first time into the listed equity share and whose total income is less than Rs 10lakhs are eligible for deduction of Rs 50000/- for new investment made in the BSE-100 or CNX-100 by the Bombay Stock Exchange and the National Stock Exchange, equity shares of public sector enterprises, Units of Exchange Traded Funds (ETFs), Mutual Fund Scheme those investing into Initial Public Offer of a public sector undertaking wherein the government shareholding is at least fifty-one per cent and Public offer of BSE-100 or CNX-100 & public sector enterprises.

The new retail investor shall submit a declaration in Form B indicating that such securities are not to be included within the investment limit of Rs.50,000/-

Declaration to be submitted by the new retail investor to the depository participant on purchase of eligible securities.

To

Depository participant

Address

It is hereby informed that I have demat account no _________________ in ____________________ depository participant and the following securities

(a)

 

(b)

(c)

(d)

(e) purchased in the aforesaid demat account on ______________are not to be included as investment for the purpose of the Rajiv Gandhi Equity Savings Scheme.

 

Signature

Name of the Investor:

(first holder)

Address of the investor:

Permanent Account Number (PAN):

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Form A, Download Income Tax Form A In PDF Format

Form A for Declaration to Depository Participants for Availing the Benefits under the Rajiv Gandhi Equity Savings Scheme. Under the Rajiv Gandhi Equity Saving Scheme only Individual those are investing first time into the listed equity share and whose total income is less than Rs 10lakhs are eligible for deduction of Rs 50000/- for new investment made in the BSE-100 or CNX-100 by the Bombay Stock Exchange and the National Stock Exchange, equity shares of public sector enterprises, Units of Exchange Traded Funds (ETFs), Mutual Fund Scheme those investing into Initial Public Offer of a public sector undertaking wherein the government shareholding is at least fifty-one per cent and Public offer of BSE-100 or CNX-100 & public sector enterprises.

The new retail investor shall submit a declaration in Form A to the depository participant who will forward the same to the depository for verifying the status of the new retail investor.

 

Declaration to be submitted by the investors to the depository participants for availing the benefits under the Rajiv Gandhi Equity Savings Scheme.

Name of the Investor:

(first holder)

Address of the investor:

Permanent Account Number (PAN):

1. It is hereby certified that* —

 

(a) I do not have a demat account and I have not traded in any derivatives.

(b) I have demat account no _________________ in ____________________ depository participant but I have not traded in any equity shares or derivatives in this account.

(c) I have a joint demat account no _________________ in ____________________ depository participant but I am not the first account holder.

2. I hereby declare that I have read and understood all the terms and conditions of the Rajiv Gandhi Equity Savings Scheme.

3. It is hereby verified that I am an eligible new retail investor for availing the benefits under the Rajiv Gandhi Equity Savings Scheme.

4. I undertake to abide by all the requirements and fulfill all obligations under the Scheme, and will comply with all the terms and conditions of the Scheme.

5. I understand that, in case I fail to comply with any condition specified in the Scheme, the benefits availed there under will be withdrawn and the tax shall be payable by me accordingly.

 

Signature of the Investor

Place:

Date:

* Tick whichever is appropriate.

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Amendment in Income Tax Form 15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ

Amendment in Income Tax Form 15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ and Introduction New Income Tax Form 26B

Read TDS Rates on Salary and Interest Income 

Notification: 11 Date of Issue: 19/2/2013

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 (2nd Amendment) Rules, 2013.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962, (hereinafter referred to as the said rules) in rule 31A,-

(a) in sub-rule (3),-

(A) in clause (i), for item (b), the following items shall be substituted, namely:-

“(b) furnishing the statement electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5);

(c) furnishing the statement electronically along with the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5)”;

(B) in clause (ii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(C) in clause (iii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(b) after sub-rule (3), the following sub-rule shall be inserted, namely:-

“(3A) A claim for refund, for sum paid to the credit of the Central Government under Chapter XVII-B, shall be furnished by the deductor in Form 26B electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5).”;

(c) in sub-rule (4), after clause (vii), the following clause shall be inserted, namely:-

“(viii) furnish particulars of amount paid or credited on which tax was not deducted in view of the notification issued under sub-section (1F) of section 197A.”;

(d) for sub-rule (5), the following sub-rule shall be substituted, namely:-

“(5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements or claim for refund in Form 26B and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements or claim for refund in Form 26B in the manner so specified.”.

3. in rule 31AA of the said rules,-

(a) in sub-rule (3),-

(A) in clause (i), for item (b), the following items shall be substituted, namely:-

“(b) furnishing the statement electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5);

(c) furnishing the statement electronically along with the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5);”;

(B) in clause (ii), for the words, brackets and letters “item (b) of clause (i)” the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(C) in clause (iii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;

(b) in sub-rule (4), after clause (iv), the following clause shall be inserted, namely:-

“(v) furnish particulars of amount received or debited on which tax was not collected in view of the furnishing of declaration under sub-section (1A) of section 206C by the buyer. “;

(c) for sub-rule (5), the following sub-rule shall be substituted, namely:-

“(5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements in the manner so specified.”.

4. For rule 31ACB of the said rules, the following rule shall be substituted, namely:-

“31ACB. Form for furnishing certificate of accountant under the first proviso to sub-section (1) of section 201.—(1) The certificate from an accountant under the first proviso to sub-section (1) of section 201 shall be furnished in Form 26A to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) in accordance with the procedures, formats and standards specified under sub-rule (2), and verified in accordance with the procedures, formats and standards specified under sub-rule (2).

(2) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the Form 26A and be responsible for the day-to-day administration in relation to furnishing and verification of the Form 26A in the manner so specified.”.

5. For rule 37J of the said rules, the following rule shall be substituted, namely:-

“37J. Form for furnishing certificate of accountant under the first proviso to sub-section (6A) of section 206C.—(1) The certificate from an accountant under the first proviso to sub-section (6A) of section 206C shall be furnished in Form 27BA to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) in accordance with the procedures, formats and standards specified under sub-rule (2) and verified in accordance with the procedures, formats and standards specified under sub-rule (2).

(2) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the Form 27BA and be responsible for the day-to-day administration in relation to furnishing and verification of the Form 27BA in the manner so specified.”.

6. In Appendix-II of the said rules,-

(a) for Form No. 15G, the following Form shall be substituted, namely:-

FORM NO. 15G

[See section 197A(1), 197A(1A) and rule 29C]

Declaration under section 197A(1) and section 197A(1A) of the Income-tax Act, 1961 to be made by an individual or a person (not being a company or firm claiming certain receipts without deduction of tax

(b) for Form No. 15H, the following Form shall be substituted, namely:-

FORM NO. 15H

[See section 197A(1C) and rule 29C(1A)]

Declaration under section 197A(1C) of the Income-tax Act, 1961 to be made by an individual who is of the age of sixty years or more claiming certain receipts without deduction of tax.

(c) for Form No. 16, the following Form shall be substituted, namely :—

FORM NO. 16

[See rule 31(1)(a)]

Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source on salary

(d) for Form No. 16A, the following Form shall be substituted, namely :—

FORM NO. 16A

[See rule 31(1)(b)]

Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source

(e) for Form No. 24Q, the following Form shall be substituted, namely :—

FORM NO. 24Q

[See section 192 and rule 31A]

Quarterly Statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of salary for the quarter ended ………….. (June/September/December/March) …………….. (Financial Year)

(f) after Form No. 26A, the following Form shall be inserted, namely :—

FORM NO. 26B

[See rule 31A(3A)]

Form to be filed by the deductor, if he claims refund of sum paid under Chapter XVII-B of the Income-tax Act, 1961

(g) for Form No. 26Q, the following Form shall be substituted, namely :—

FORM NO. 26Q

[See sections 193, 194, 194A, 194B, 194BB, 194C, 194D, 194EE, 194F, 194G, 194H, 194-I, 194J, 194LA, and rule 31A]

Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of payments other than salary for the quarter ended …………….. (June/September/December/March) ………. (Financial year)

(h) for Form No. 27C, the following Form shall be substituted, namely :—

FORM NO. 27C

[See rule 37C]

Declaration under sub-section (1A) of section 206C of the Income-tax Act, 1961 to be made by a buyer for obtaining goods without collection of tax

(i) for Form No. 27D, the following Form shall be substituted, namely :—

FORM NO. 27D

[See rule 37D]

Certificate under section 206C of the Income-tax Act, 1961 for tax collected at source

(j) for Form No. 27EQ, the following Form shall be substituted, namely :—

FORM NO. 27EQ

[See section 206C and rule 31AA]

Quarterly statement of collection of tax at source under section 206C of the Income-tax Act, for the quarter ended ………. (June/September/December/March) ………. (Financial year)

(k) for Form No. 27Q, the following Form shall be substituted, namely :—

FORM NO. 27Q

[See sections 194E, 194LB, 194LC, 195, 196A, 196B, 196C, 196D and rule 31A]

Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act in respect of payments other than salary made to non-residents for the quarter ended …………….. (June/September/December/March) ………. (Financial Year)

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Format of Certificate to be obtained by Auditor, under clause 17(h) of Form CD of the Tax Audit Report

To

 

PQR & Associates/Co.
Chartered Accountants
XYZ City

 

CERTIFICATE

 

UNDER CLAUSE 17(h) A OF FORM 3CD

(Read With Section 40a (3) Read With Rule 6dd Of The Income Tax Act, 1961)

 

1. Name of the Assessee                       : _______________________________________
2. Address                                               : _______________________________________
3. Permanent Account Number          : __________________
4. Status : __________________
5. Previous year ended                         : __________________
6. Assessment year                                : __________________

 

I/We (the above named assessee/ partner or director of the above named assessee) do hereby certify, for and on behalf of the assessee, that the following expenditure  is incurred by the assessee during the previous year ended as stated above, in excess of Rs. 20,000/- otherwise than by account payee cheque drawn on a bank or by account payee bank draft, and is therefore not allowable under the provisions of Section 40A(3) read with Rule 6DD of the Income Tax Act, 1961 read with Rule 6DD and accordingly 100% of the following expenditure is added back as income while computing the total income of the assessee for the above said assessment year Viz.:

 

Date Particulars Amount Allowance Disallowance
Total          Rs.

I/We (the above named assessee/ partner or director of the above named assessee) do hereby further certify, for and on behalf of the assessee, that all other expenditure  incurred by the assessee during the previous year ended as stated above, in excess of Rs. 20,000/- is incurred by account payee cheque drawn on a bank or by account payee bank draft only and not otherwise, except in such cases and in such circumstances (having regard to the nature and extent of banking facilities available. considerations of business expediency and other relevant factors) as prescribed under Rule 6DD of the Income Tax Act, 1961.

 

Place:_____________

                     ________________

                                                   Proprietor / Partner / Director

Date:______________

                             

Form 63A, Download Income Tax Form 63A in PDF Format

Income Tax FORM NO. 63A for Statement to Be Furnished To the Assessing Officer In Respect Of Income Distributed By a Mutual Fund. Form No. 63A is relevant only for a mutual fund which is liable to pay additional income tax on distributed profit under section 115R on or after 1-4-2003.this form is to be submitted on or before 15th September in each year in respect of the income distributed during the preceding previous year.

Any amount of income distributed by the specified company or a Mutual Fund to its unit holders shall be chargeable to tax and such specified company or Mutual Fund shall be liable to pay additional income-tax on such distributed income at the rate of—

(i)  twenty-five per cent on income distributed to any person being an individual or a Hindu undivided family] by a money market mutual fund or a liquid fund;

(ia) thirty per cent on income distributed to any other person by a money market mutual fund or a liquid fund;]

(ii)  twelve and one-half per cent on income distributed to any person being an individual or a Hindu undivided family by a fund other than a money market mutual fund or a liquid fund; and

(iii) thirty per cent on income distributed to any other person by a fund other than a money market mutual fund or a liquid fund:

FORM NO. 63A

[See rule 12B]

Statement to be furnished to the Assessing Officer designated under rule 12B of the Income-tax Rules, 1962, in respect of income distributed by a Mutual Fund

(Separate forms to be filled up for each scheme)

1. Name of the Mutual Fund and the address of registered office

 

2. Permanent Account Number

 

3. Previous Year ending

 

4. Names and addresses of the trustees of the fund

 

5. Objects of the fund (Enclose a copy of the Mutual Fund deed)

 

6. Whether registered with SEBI;

 

If yes, please specify the date and number of the order (Enclose a copy of the SEBI’s order)

 

7. Date of inception or setting up of the Mutual Fund

 

8. Details of Asset management company such as names and addresses of Directors

 

9. Name of Scheme

 

10. Face Value of Unit

 

11. Total No. of Units

12. Details of income distributed:-

Distribution or Payment of Income

Tax payable under section 115R

Interest chargeable under section 115S, if any

Payment towards tax and interest under section 115S (Attach a copy of challans)

Date(s)

Amount(s)

Date(s)

Amount(s)

13. Tax payable on income distributed to the Unit holders

Enclose audited accounts including balance sheet, annual report, if any, with certified copies of income and appropriation towards distribution of income.

I,

(Name in full and in block letters) son/daughter/wife of ____________ do hereby solemnly declare that to the best of my knowledge and belief what is stated above and in the Annexure(s), including the documents accompanying such Annexure(s), is correct and complete. I further declare that I am furnishing such statement in my capacity as

(designation) and that I am competent to furnish this statement and verify it.

Verified today the

day of

Place
Signature

Verification

I/We

have examined the books of account and other documents showing the particulars of income earned and the income distributed to the unit holders by the

(name of the Mutual Fund) for the previous year ending

2. I/We declare that the above particulars are true and correct to the best of my/our knowledge and belief.


Place

(Signature with name of the Accountant)

Date

 

 

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