Income-tax (9th Amendment) Rules, 2013 - Insertion of Rule 6DDC AND FORM NO. 3BC

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....e on the date of their publication in the Official Gazette. 2. In the Income - tax Rules, 1962, in Part II, in sub - part C, after rule 6DDB , the following rules shall be inserted, namely :- "6DDC. Conditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43. -For the purposes of clause (e) of the proviso to clause (5) of section 43, a recognised association shall fulfil the following conditions in respect of trading in derivatives, namely: - (i) the recognised association shall have the approval of the Forward Markets Commission established under the Forward Contracts (Regulation) Act, 1952 (74 of 1952) in re spe....

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....of the proviso to clause (5) of section 43 may be made to the Member (Legislation ), Central Board of Direct Taxes, North Block, New Delhi. (2) The application referred to in sub - rule (1) shall be accompanied with the following documents, namely : - (i) approval granted by Forward Markets Commission for trading in derivatives; (ii) up - to - date rules, bye - laws and trading regulations of the recognised association; (iii) confirmation regarding fulfilling the conditions referred to in clause (ii) to clause (v) of rule 6DDC ; (iv) such other information as t he recognised association may like to place before the Central Government. (3) The Central Government may call for such other information from the applicant as it d....

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....omplete. Place ................ Signature of the Principal Officer of the recognised association ................... Date ................. Name and Designation ..................................................................... ANNEXURE TO FORM NO. 3BC (Soft Copy) Derivative Market Sl. No Transaction ID Member details Original Client Code Modified Client Code Name of the original client PAN of the original client Name of the modified client PAN of the modified client Commodity derivative name Quantity Rate Total value of transaction Buy or ....