Income-tax (Twenty-Third Amendment) Rules, 2003

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....r to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (Twenty-Third Amendment) Rules, 2003. (2) They shall come into force from the date of publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in Appendix II, in Form No-3AC, for Part III, the following shall be substituted, namely: - "Part III Statement of particulars relating t....

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....otal sales or turnover of assessee's business computed under the head "Profits and gains of business or profession " before making any deduction under section 33AB; and (iii) the proportionate profit of the business of growing and manufacturing *tea/coffee/rubber. 6. The amounts deposited before the expiry of six months from the end of the previous year or before furnishing of return of income....

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....erred to in item 7 above with details regarding the purpose for which and the dates on which the amounts were utilised. 10. Please indicate whether any amount has been utilised for the purchase of any item referred to in sub-section (4) of section 33AB or has also been claimed as an allowance in computing the income chargeable to tax under the head "Profits and gains of business or profession". ....

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....anation to section 33AB. 3. The "scheme" mentioned above refers to the scheme as referred to in clause (a) of sub-section (1) of section 33AB or the Deposit Scheme referred to in clause (b) of sub-section (1) of section 33AB. 4. **This part of the report is to be signed by the person signing Part I or part II of the report. 5. Please attach the profit and loss account/income and expenditure ....