Income-tax (Third Amendment) Rules, 2004

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (Third Amendment) Rules, 2004. (2) They shall come into force from the 1st day of April, 2004. 2. In the Income-tax Rules, 1962, after rule 28AA, the following rule shall be inserted, namely: -"Certificate of no deduction of tax in case of certain entities. 28AB. (1) Su....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ing, namely:- (i) the person concerned has furnished the returns of income for all assessment years for which such returns became due on or before the date on which the application under sub-rule (1) is made; (ii) the trust, scientific research association, news agency, association or institution, fund or trust or university or other educational institution or any hospital or other medical i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....te issued under sub-rule (4) to the person responsible for paying the income for the purpose of no deduction of tax at source. (6) The certificate shall be valid for the financial year specified therein unless it is cancelled by the Assessing Officer at any time before the expiry of the said financial year. (7) An application for a fresh certificate maybe made, if the assessee so desires, af....