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)
Tax collection declaration in Form 27C governs buyer claims for no collection at source on manufacturing use. Declaration by a buyer for no collection of tax at source under section 206C(1A) must be made in Form No. 27C and verified accordingly. The declaration must state that the goods are to be used for manufacturing, processing or producing articles or things and not for trading purposes. It must be furnished in duplicate to the person responsible for collecting tax, who must send one copy to the Chief Commissioner or Commissioner by the seventh day of the next month.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax collection declaration in Form 27C governs buyer claims for no collection at source on manufacturing use.
Declaration by a buyer for no collection of tax at source under section 206C(1A) must be made in Form No. 27C and verified accordingly. The declaration must state that the goods are to be used for manufacturing, processing or producing articles or things and not for trading purposes. It must be furnished in duplicate to the person responsible for collecting tax, who must send one copy to the Chief Commissioner or Commissioner by the seventh day of the next month.
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