Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Audit report requirement: audit under tax provision must be furnished in prescribed Form 3AC under Income tax rules. Rule 5AC mandates that the report of audit of accounts required under sub section (2) of section 33AB of the Income tax Rules, 1962 shall be furnished in Form No. 3AC, establishing the prescribed documentary format for assessees carrying on business or profession.
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Provisions expressly mentioned in the judgment/order text.
Audit report requirement: audit under tax provision must be furnished in prescribed Form 3AC under Income tax rules.
Rule 5AC mandates that the report of audit of accounts required under sub section (2) of section 33AB of the Income tax Rules, 1962 shall be furnished in Form No. 3AC, establishing the prescribed documentary format for assessees carrying on business or profession.
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