Income-tax (2nd Amendment) Rules, 1999

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ct Taxes hereby makes the following rule further to amend the Income-tax Rule, 1962, namely,- 1. (1) These rules may be called the Income-tax (2nd Amendment) Rules, 1999; (2) They shall come into force on their publication in the Official Gazette. 2. In the Income-tax Rules, 1962; (a) in rule 18BBA, after sub-rule (1), the following shall be inserted, namely,- "(lA)The report of the aud....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....te accounts in respect of the profits and gains derived from the execution of a housing project awarded to the assessee on the basis of global tender which is aided by the world bank. I/We certify that all expenses, wherever incurred, for the purposes of the said business have been debited to the profit and loss account of the said business and that expenses, if any, incurred by the assessee whi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....me/us, the said accounts give a true and fair view- (i) in the case of the balance sheet, of the state of affairs of the aforesaid business as at--------------, and (ii) in the case of the profit and loss account, of the profit or loss of the aforesaid business for the accounting year ending ------------------on. Place: --------------------- Date: ---------------------- --------------------....