Income-tax (21st Amendment) Rules, 1999

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....(43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further, to amend the Income tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (21st Amendment) Rules, 1999 (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, after rule 6G, the following shall be inserted namely:- &qu....

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....Nature of business ___________ 2. Details of the undertaking or division, transferred by way of slump sale: (a) Address/Location ___________ (b) Nature of business ___________ 3. (a) Book value of the fixed assets of the assesse effecting the slump sale _____________ (b) Book value of the fixed assets of the undertaking or division, transferred by way of slump sale ___________ (c) Ratio of(b....

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....tion provisions and amalgamation: (i) Rs. ___________ (ii) Rs. ___________ (iii) Rs. ___________ (iv) Rs. ___________ (c) Total Rs. ___________ 8. Indicate the computation of the net worth of the undertaking or division referred to in item 2 which is transferred by way of slump sale. (Net worth of the undertaking or division should be computed keeping in view of the ratio mentioned in item ....

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.... section 50B of the Income-tax Act, 1961. ------------------------ Signed 2Accountant Place -------------------------------- Date -------------------------- Notes: 1. Delete whichever is not applicable. 2. Accountant means the accountant as defined in Explanation below subsection (2) of section 288 of the Income-tax Act. 3. The net worth in item 7 should be computed in accordance with th....