Income-tax (Eighth Amendment) Rules, 2003

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....uted, namely:- 'Declaration by person claiming receipt of certain incomes without deduction of tax 29C. (1) A declaration under sub-section (1) by an individual or under sub-section (1A) of section 197A by a person (not being a company or firm) shall be in Form No. 15G and shall be verified in the manner indicated therein. (2) The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for paying the "interest on securiffes" or dividend or interest other than "interest on securities" or, income in respect of units or, as the case may be, any amount referred to in clause (a) of sub-section (2) of section 80CCA. (3) The person referred to in sub-rule (2) shall deliver or cause to be....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....low, stand in *my/our name and beneficially belong to *me/us, and the *interest in respect of such securities or sums and/ or income in respect of units is/ are not includible in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961; OR *that the particulars of my account under the National Savings Scheme and the amount of withdrawal are as per the Schedule V below; 2. that *my/ our present occupation is.......................................... 3. that the tax on *my/our estimated total income, including- *the dividends from shares referred to in Schedule I below; and/or *#interest on secufities, interest other than "interest on secufities" and / or respect of units, referred to in....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....which the declaration is being made, are as under: SCHEDULE I No of shares  Class of shares and face value of each share  Total face value of shares  Distinctive numbers of the shares  Date(s) on which the shares were acquired by the declarant            SCHEDULE II Description of securities  Number of securities  Date(s) of securities  Amount of Securities  Date(s) on which the securities were acquired by the declarent            SCHEDULE III Name and address of the person to whom the sums are given on interest  Amount of such sums  Date on which sums wer....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he verification, the declarant should satisfy himself that the information furnished in the declaration is true, correct and complete in all respects. Any person making a false statement in the declaration shall be liable to prosecution under section 277 of the Income-tax Act, 1961, and on conviction be punishable - (i) in a case where tax sought to be evaded exceeds one lakh rupees, with rigorous imprisonment which shall not be less than six months but which may extend to seven years and with fine; (ii) in any other case, with rigorous imprisonment which shall not be less than three months but which may extend to three years and with fine. PART II [FOR USE BY THE PERSON TO WHOM THE DECLARATION IS FURNISHED] 1. Name and addre....