Income-tax (Eighth Amendment) Rules, 2004

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....o have come into force from the 1st day of April, 2002. 2. In the Income-tax Rules, 1962,- (a) after rule 18DB, the following rule shall be inserted, namely:- "Prescribed area, facilities and amenities for convention centres and particulars of audit report, for deduction under Sub-section (7B) and clause (aa) of Sub-section (14) of Section 80-IB. 18DC. (1) For the purpose of Sub-section (7B) and clause (aa) of Sub-section (14) of Section 80-IB, the convention centre shall have the following area, facilities and amenities,- (i) A convention centre located in a town or city mentioned in column (1) of the table below, shall have a minimum plinth area mentioned in column (2), minimum sealing capacity mentioned in column (3) and m....

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....lding regulations and should also fulfil all local building regulations in respect of fire and safety. (2) In addition to facilities mentioned in sub-rule (1), the convention centres may have,- (i) an amphi-theatre, landscaped open spaces for outdoor conference or seminar related activities. (ii) a kitchen, dining facility cafeteria or restaurant only to support events in the convention centre. (3) A separate report of the audit, shall be furnished along with the return of income in respect of each eligible convention centre, in Form No. 10-CCBB and shall be duly signed and verified by an accountant as defined in the Explanation below sub-section (2) of Section 288. (4) In the first year of the claim of deduction, the assesse....

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....ificate 9. Technical details of convention centre: (i) Town size population (as per 2001 census) (ii) Total covered plinth area (in Sq. metres) (iii) Number of conference or seminar halls (iv) Seating capacity of the convention centre (v) Number of Auditoriums (vi) Number of exhibition halls. (vii) Technical specification of convention centre: (a) Whether the conference or seminar halls, auditorium and exhibition hall have modern public address system Yes________ No________ (b) Whether conference or seminar halls, auditorium and exhibition hall have slide and power point projection system Yes________ No________ (c) Whether conference or seminar halls, auditorium and exhibition hall have LCD Projecto....

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.... convention centres: (Amount in rupees) ___________ (v) Deduction under section 80-IB (7B) (amount in rupees) ___________ Declaration *I/We have examined the balance sheet of the above convention centre styled** ....................and belonging to the assessee M/s............................................(Permanent Account No......................................) as at.....................................and the profit and loss account of the said convention centre for the year ended on that date which are in agreement with the books of account maintained at the head office at....................................and branches at.................................... *I/We have obtained all the information and explanati....