Revise declaration

[Piyush Jain]

As per notification no. 36/2001 CE(NT) dt 26.6.01 amended by 40/2008 CE (NT) dt 29.9.08, revise declaration to be filed by 31.10.08. Our sales for the Acct. Year 07-08 as per Balance Sheet is Rs.62.24 lacs, though we have already filled our regular declaration 1st week of April 08. Do we have to file revise declaration as per new format

[Surender Gupta]

Yes, you need to file revised declaration as per revised fromat to calim SSI exemption.

[Guest]

yes, as per new notification, you are required to submit the new declaration form for claiming the SSI exemption upto 31st Oct. 2008

AI Summary

Revised declaration requirement for SSI exemption: file the prescribed form to preserve entitlement under the notification. A requirement exists to submit a revised declaration in the format prescribed by a recent notification in order to claim the SSI exemption. Taxpayers who previously filed the regular declaration remain obliged to refile in the new form to maintain entitlement to the exemption and must submit the revised declaration by the notified deadline in the prescribed format.