Form 63A, Download Income Tax Form 63A in PDF Format

Income Tax FORM NO. 63A for Statement to Be Furnished To the Assessing Officer In Respect Of Income Distributed By a Mutual Fund. Form No. 63A is relevant only for a mutual fund which is liable to pay additional income tax on distributed profit under section 115R on or after 1-4-2003.this form is to be submitted on or before 15th September in each year in respect of the income distributed during the preceding previous year.

Any amount of income distributed by the specified company or a Mutual Fund to its unit holders shall be chargeable to tax and such specified company or Mutual Fund shall be liable to pay additional income-tax on such distributed income at the rate of—

(i)  twenty-five per cent on income distributed to any person being an individual or a Hindu undivided family] by a money market mutual fund or a liquid fund;

(ia) thirty per cent on income distributed to any other person by a money market mutual fund or a liquid fund;]

(ii)  twelve and one-half per cent on income distributed to any person being an individual or a Hindu undivided family by a fund other than a money market mutual fund or a liquid fund; and

(iii) thirty per cent on income distributed to any other person by a fund other than a money market mutual fund or a liquid fund:

FORM NO. 63A

[See rule 12B]

Statement to be furnished to the Assessing Officer designated under rule 12B of the Income-tax Rules, 1962, in respect of income distributed by a Mutual Fund

(Separate forms to be filled up for each scheme)

1. Name of the Mutual Fund and the address of registered office

 

2. Permanent Account Number

 

3. Previous Year ending

 

4. Names and addresses of the trustees of the fund

 

5. Objects of the fund (Enclose a copy of the Mutual Fund deed)

 

6. Whether registered with SEBI;

 

If yes, please specify the date and number of the order (Enclose a copy of the SEBI’s order)

 

7. Date of inception or setting up of the Mutual Fund

 

8. Details of Asset management company such as names and addresses of Directors

 

9. Name of Scheme

 

10. Face Value of Unit

 

11. Total No. of Units

12. Details of income distributed:-

Distribution or Payment of Income

Tax payable under section 115R

Interest chargeable under section 115S, if any

Payment towards tax and interest under section 115S (Attach a copy of challans)

Date(s)

Amount(s)

Date(s)

Amount(s)

13. Tax payable on income distributed to the Unit holders

Enclose audited accounts including balance sheet, annual report, if any, with certified copies of income and appropriation towards distribution of income.

I,

(Name in full and in block letters) son/daughter/wife of ____________ do hereby solemnly declare that to the best of my knowledge and belief what is stated above and in the Annexure(s), including the documents accompanying such Annexure(s), is correct and complete. I further declare that I am furnishing such statement in my capacity as

(designation) and that I am competent to furnish this statement and verify it.

Verified today the

day of

Place
Signature

Verification

I/We

have examined the books of account and other documents showing the particulars of income earned and the income distributed to the unit holders by the

(name of the Mutual Fund) for the previous year ending

2. I/We declare that the above particulars are true and correct to the best of my/our knowledge and belief.


Place

(Signature with name of the Accountant)

Date

 

 

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Form 64, Download Income Tax Form 64 in PDF Format

Form No. 64 for Statement of Income Distributed By Venture Capital Company or A Venture Capital Fund. Form No. 64 is relevant only for venture capital companies and venture capital funds which make payments to any person on investments made by person in such companies/ funds. This from is required to be verified and certified by a chartered Accountant / restricted state auditor.

Any income received by a person out of investments made in a venture capital company or venture capital fund shall be chargeable to income-tax in the same manner as if it were the income received by such person had he made investments directly in the venture capital undertaking.

The person responsible for making payment of the income on behalf of a venture capital company or a venture capital fund and the venture capital company or venture capital fund shall furnish, within such time as may be prescribed, to the person receiving such income and to the prescribed income-tax authority, a statement in the prescribed form and verified in the prescribed manner, giving details of the nature of the income paid during the previous year and such other relevant details as may be prescribed.

The income paid by the venture capital company and the venture capital fund shall be deemed to be of the same nature and in the same proportion in the hands of the person receiving such income as it had been received by, or had accrued or arisen to, the venture capital company or the venture capital fund, as the case may be, during the previous year.

FORM NO. 64

[See rule 12C]

Statement of income distributed by Venture Capital Company or a Venture Capital

Fund to be furnished under section 115U of the Income-tax Act, 1961

1. Name of the Venture Capital Company or Venture Capital Fund and the address of registered office

 

2. Permanent Account Number

 

3. Previous year ending

 

4. Name and address of the Directors of the Venture Capital Company/trustees of the Venture Capital Fund

 

5. Total income under all heads received from the investments in Venture Capital Undertakings (6+8+10+12)

 

6. Total income received from the investments in Venture Capital Undertakings under the head ‘Long-term Capital Gains’

 

7. Proportion of (6 to 5)

 

8. Total income received from the investments in Venture Capital Undertakings under the head ‘Short-term Capital Gains’

 

9. Proportion of (8 to 5)

 

10. Total Dividend income received from the investments in Venture Capital Undertakings

 

11. Proportion of (10 to 5)

 

12. Other income (such as interest etc.) received from the investments in Venture Capital Undertakings

 

13. Proportion of (12 to 5)

14. Details of persons receiving income from the Venture Capital Company or the Venture Capital Fund in the following format:—

S. No.

Name(s)

Address(es)

PAN

Circle/ Ward/ Special Range where assessed to Income-tax

Total amount paid

Amount paid under ‘Long Term Capital Gains’

Amount paid under ‘Short Term Capital Gains’

Amount paid as ‘dividend’

Other Income such as interest etc. paid

[Column 6× Sl. No. 7]

[Column 6× Sl. No. 9]

[Column 6× Sl. No. 11]

[Column 6× Sl. No. 13]

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

Enclose a copy of the Certificate of Registration under the Securities and Exchange Board of India Act, 1992.

Enclose a copy of the Venture Capital Fund deed in case of Venture Capital Fund registered under the provisions of the Registration Act, 1908.

Enclose audited accounts including balance sheet, annual report, if any, with certified copies of income and appropriation towards distribution of income.

I,
(Name in full and in block letters) son/daughter/wife of
do hereby solemnly declare that to the best of my knowledge and belief what is stated above and in the Annexure(s), including the documents accompanying such Annexure(s), is correct and complete. I further declare that I am furnishing such statement in my capacity as
(designation) and that I am competent to furnish this statement and verify it.

Verified today the
day of

Place
.
Signature

Verification

I/We
have examined the books of account and other documents showing the particulars of income earned and the income distributed to the investors by the
(name of the Venture Capital Company or the Venture Capital Fund) for the previous year ending

2. I/We declare that the above particulars are true and correct to the best of my/our knowledge and belief.


Place

(Signature with name of the Accountant)

Date

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Form 61A, Download Income Tax Form 61A in PDF Format

Form No. 61A for Annual Information Return under Section 285BA of the Income-Tax Act, 1961. Form no. 61A form is relevant to persons mentioned in col. 2 of the table below of rule 114E. The persons should file as annual information return in this form. The requirements laid down in this record in rule should be adhered to while furnishing the return.

Sl.No.

Class of person

Nature and value of transaction

(1)

(2)

(3)

1.

A Banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act).

Cash deposits aggregating to ten lakh rupees or more in a year in any savings account of a person maintained in that bank.

2.

A banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or any other company or institution issuing credit card.

Payments made by any person against bills raised in respect of a credit card issued to that person, aggregating to two lakh rupees or more in the year.

3.

A trustee of a Mutual Fund or such other person managing the affairs of the Mutual Fund as may be duly authorised by the trustee in this behalf.

Receipt from any person of an amount of two lakh rupees or more for acquiring units of that Fund.

4.

A company or institution issuing bonds or debentures.

Receipt from any person of an amount of five lakh rupees or more for acquiring bonds or debentures issued by the company or institution.

5.

A company issuing shares through a public or rights issue.

Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by the company.

6.

Registrar or Sub-Registrar appointed under section 6 of the Registration Act, 1908.

Purchase or sale by any person of immovable property valued at thirty lakh rupees or more.

7.

A person being an officer of the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act, 1934, who is duly authorized by the Reserve Bank of India in this behalf.

Receipt from any person of an amount or amounts aggregating to five lakh rupees or more in a year for bonds issued by the Reserve Bank of India.

FORM No. 61A

[See rule 114E]

Annual Information Return under section 285BA of the Income-tax Act, 1961

(PART-A)


Please see the instructions and fill up relevant columns

1.

Name of the person (in block letters)

(Please leave one blank box between two words.)

2.

Permanent Account Number (PAN) of the person

(see instructions)

3.

Folio Number of the person (see instructions)

 

4.

Address (in block letters) (Please leave one blank box between two words.)

4.1

Flat No.

4.2 House/Premises No.

4.3 Floor No.

4.4

Building Name

4.5 Block/Sector

4.6

Road/Street

4.7 Locality/Colony

4.8

City

4.9 State Code (Refer to State Code in instructions)

4.10

Pin Code

5.

Status

(Individual-I, Company-C, Firm-F, Hindu undivided family-H, Government Office-G, Banks-B, Others-O)

6.

Financial Year (transactions relating to which are reported)

 

7.

Address of Jurisdictional Director of Income-tax (Central Information Branch)

8.

Total number of transactions reported in Annual Information Return (Part B)

9.

Total value of all transactions reported in Annual Information Return (Part B) Rs.

10.

Medium of Annual Information Return (Please strike off inapplicable)-CD/Floppy/DVD/ONLINE

Verification

I,
(full name in block letters), son/daughter of
solemnly declare that to the best of my knowledge and belief, the information given in Part A and Part B of this return is correct and complete. I further declare that I am making this return in my capacity as
and I am also competent to make this return and verify it. I further certify that the floppy/CD-ROM/Digital Video Disc/online data through which Part-B is submitted is clean and virus free.

Date

Signature

Place

Name

(FOR OFFICE USE)

Receipt No.

:

Date

:

Name & Signature of person receiving

:

Annual Information Return (with Stamp)

(PART- B)

1.

Name of the person (in block letters)

(Please leave one blank box between two words.)

2.

Permanent Account Number (PAN) of the person

(see instructions)

3.

Folio Number of the person (see instructions)

 

4.

Address (in block letters) (Please leave one blank box between two words.)

4.1

Flat No.

4.2 House/Premises No.

4.3 Floor No.

4.4

Building Name

4.5 Block/Sector

4.6

Road/Street

4.7 Locality/Colony

4.8

City

4.9 State Code (Refer to State Code in instructions)

4.10

Pin Code

 

5.

Status

(Individual-I, Company-C, Firm-F, Hindu undivided family-H, Government Office-G, Banks-B, Others-O)

6.

Financial Year (transactions relating to which are reported)

 

7

Total number of transactions reported in Annual Information Return

8

Total value of all transactions reported in Annual Information Return (in Rupees)

9. Details of transactions:

Sl. No. Date of Transaction (DD-MM-YY) Name of Transacting Party

(in block letters)

1. First Name

2. Middle Name

3. Surname

(In case of non-individuals, full name be written. Leave one blank box between two words.PAN of Transacting Party (Refer to Instruction No. 5)Full Address

(in block letters. Leave one blank box between two words)

1. Flat No.; 2. House/Premises No.; 3. Floor No.; 4. Building Name;

5. Block/Sector; 6.Road/Street;

7. Locality/colony; 8. City; 9. District; 10. State Code; 11. Pin

(Refer to State Code in Instructions)Mode of transaction (Cash-C, Cheque-Q, Card-R, Demand Draft-, Others-O)Amount in Rs. (Rounded off to nearest Rupee)Transaction Code Address of Office/Branch of person (responsible for furnishing the Annual Information Return) where transaction took place

INSTRUCTIONS FOR FILING ANNUAL INFORMATION RETURN

    1.        (i)    This return (Part A and Part B) be furnished on computer-readable media being a floppy (3.5 inch and 1.44 MB) or CD-ROM (650MB or higher capacity) or Digital Video Disc, along with Part-A thereof on paper.

    (ii)    In case the return filed is in a compressed format, it should be compressed using WinZip 8.1 or ZipltFast 3.0 compression utility only.

    (iii) The return be filed in one CD/floppy/DVD and should not span across multiple floppies/CDs/DVDs.

    2.    Please do not use any abbreviation like Pvt. Ltd., etc.

    3.    PAN is not required to be given in item No. 2 (Part A) and item No. 2 (Part B) by—

    (i)    Registrar or Sub-Registrar appointed under section 6 of the Registration Act, 1908;

    (ii)    A person being an officer of the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934, who is authorised by the Reserve Bank of India for issue of bonds;

    4.    A Random Computer Generated Number (Folio Number) shall be allotted after filing of Annual Information Return for the first time. This number shall be quoted in item No. 3 Part A and item No. 3 (Part B) of the return for subsequent years.

    5.    Where the transacting party does not have PAN please mention 60 (in case Form No. 60 under rule 114B is received) or 61 (in case Form No. 61 under rule 114C is received) or NR (for Non-Resident) or G (for Central or State Government department or consular office) as the case may be.

    6.    State Code

 

Codes

Name of the State

Codes

Name of the State

 

01.

ANDAMAN AND NICOBAR ISLANDS

19.

MAHARASHTRA

 

02.

ANDHRA PRADESH

20.

MANIPUR

 

03.

ARUNACHAL PRADESH

21.

MEGHALAYA

 

04.

ASSAM

22.

MIZORAM

 

05.

BIHAR

23.

NAGALAND

 

06.

CHANDIGARH

24.

ORISSA

 

07.

DADRA AND NAGAR HAVELI

25.

PONDICHERRY

 

08.

DAMAN AND DIU

26.

PUNJAB

 

09.

DELHI

27.

RAJASTHAN

 

10.

GOA

28.

SIKKIM

 

11.

GUJARAT

29.

TAMIL NADU

 

12.

HARYANA

30.

TRIPURA

 

13.

HIMACHAL PRADESH

31.

UTTAR PRADESH

 

14.

JAMMU AND KASHMIR

32.

WEST BENGAL

 

15.

KARNATAKA

33.

CHHATTISGARH

 

16.

KERALA

34.

UTTARANCHAL

 

17.

LAKSHADWEEP

35.

JHARKHAND

 

18.

MADHYA PRADESH

 

 

    7.    Codes in respect of transactions to be reported

Sl. No.

Transaction

Transaction Code

1.

Cash deposits aggregating to ten lakh rupees or more in a year in any savings account of a person maintained in a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act).

001

2.

Payment made by any person against bills raised in respect of a credit card aggregating to two lakh rupees or more in a year.

002

3.

Receipt from any person of an amount of two lakh rupees or more for purchase of units of a Mutual Fund.

003

4.

Receipt from any person of an amount of five lakh rupees or more for acquiring bonds or debentures issued by a company or institution.

004

5.

Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by a company.

005

6.

Purchase by any person of immovable property valued at thirty lakh rupees or more.

006

7.

Sale by any person of immovable property valued at thirty lakh rupees or more.

007

8.

Receipt from any person of an amount of five lakh rupees or more in a year for investment in bonds issued by Reserve Bank of India.

008

EXPLANATORY MEMORANDUM

It has been decided to give retrospective effect to the proposed amendment i.e., from the first day of December, 2004, the date from which rule 114E and the Form 65 were published in the Official Gazette vide S.O. No. 1316(E). It is certified that this will not prejudicially affect the interest of any assessee.

Note: The principal rules were published under notification no. S.O. 969 dated the 26th March, 1962 which has been amended from time to time, and last such amendment was made vide notification S.O. No. 932(E), dated 01-7-2005.

 

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Form 65, Download Income Tax Form 65 in PDF Format

Form No. 65 for Application For Exercising/Renewing Option For The Tonnage Tax. Form No. 65 is relevant only for shipping companies which opt for ‘Tonnage Tax Scheme’ prescribed in Chapter XII-G which came into force with effect from the assessment year 2005-06.

A qualifying company may opt for the tonnage tax scheme by making an application to the Joint Commissioner having jurisdiction over the company in the form and manner as may be prescribed, for such scheme.

The application under sub-section (1) may be made by any existing qualifying company at any time after the 30th day of September, 2004 but before the 1st day of January, 2005 (hereafter referred to as the “initial period”):

Provided that—

 (i)  a company incorporated after the initial period; or

(ii)  a qualifying company incorporated before the initial period but which becomes a qualifying company for the first time after the initial period,

may make an application within three months of the date of its incorporation or the date on which it became a qualifying company, as the case may be.

(3) On receipt of an application for option for tonnage tax scheme under sub-section (1), the Joint Commissioner may call for such information or documents from the company as he thinks necessary in order to satisfy himself about the eligibility of the company and after satisfying himself about such eligibility of the company to make such option for tonnage tax scheme, he—

 (i)  shall pass an order in writing approving the option for tonnage tax scheme; or

(ii)  shall, if he is not so satisfied, pass an order in writing refusing to approve the option for tonnage tax scheme,

and a copy of such order shall be sent to the applicant:

FORM NO. 65

[See rule 11P]

Application for exercising/renewing option for the
tonnage tax scheme under sub-section (1) of
section 115VP or sub-section (1) of section 115VR
of the Income-tax Act, 1961

To,

The Joint Commissioner,

Sir,

I, on behalf of
[Name of the company] hereby apply for exercising/renewing the option for the tonnage tax scheme in accordance with the provisions of sub-section (1) of section 115VP or sub-section (1) of section 115VR of the Income-tax Act, 1961 with effect from the assessment year

2. A statement of particulars for the purpose of *exercising/renewing the option is enclosed as per Annexure to this Form.

Verification

I,
(full name in block letters), do hereby declare that what is stated in this application and the Annexure hereto is true to the best of my information and belief. I further confirm that:

(1)
[Name of the company] is an Indian company within the meaning of clause (26) of section 2 of the Income-tax Act, 1961.

(2) The place of effective management of the company within the meaning of section 115VC of the Income-tax Act, 1961 is in India.

(3) The company owns
qualifying ship(s).

(4) The main object of the company is operation of ships. Copy of Memorandum of Association of the company is enclosed.

2. I further declare that I am making this application in my capacity as
and I am also competent to make this application and verify it.

Place :


Date :

Name and Signature

ANNEXURE

Statement of particulars to be furnished for exercising/
renewing option for tonnage tax scheme

PART A

1.

Name of the company in full (in block letters)

2.

Permanent Account Number

3.

Address of the Registered Office

4.

Address(es) of branch office(es)

5.

Date of incorporation (enclose a copy of the certificate of incorporation)

6.

Date on which the company became a qualifying company [to be given only in case of a company which becomes a qualifying company after the initial period] (enclose evidence in support of the claim)

7.

Details of ships owned or chartered by the company

    (i)    Owned ships

Sl. No.

Name of the ship

Net tonnage

Flag

Type of ship

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

 

 

 

 

 

 

    (ii)    Ships chartered in on bareboat charter-cum-demise terms

Sl. No.

Name of the ship

Net tonnage

Flag

Type of ship

Date of commencement of charter

Period of charter

Reference No. of DG (Shipping) approval

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

 

 

 

 

 

 

 

 

 

    (iii)    Ships chartered in on bareboat charter terms for more than three years

Sl. No.

Name of the ship

Net tonnage

Flag

Type of ship

Date of commencement of charter

Period of charter

Reference No. of DG (Shipping) approval

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

 

 

 

 

 

 

 

 

 

 

 

 

    (iv)    Ships chartered in on bareboat charter terms for less than three years

Sl. No.

Name of the ship

Net tonnage

Flag

Type of ship

Date of commencement of charter

Period of charter

Reference No. of DG (Shipping) approval

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

 

 

 

 

 

 

 

 

 

 

    (v)    Ships chartered out on bareboat charter-cum-demise terms

Sl. No.

Name of ship

Net tonnage

Date of commencement of charter

Period of charter

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

 

 

 

 

 

    (vi)    Ships chartered out on bareboat charter terms for more than three years

Sl. No.

Name of ship

Net tonnage

Date of commencement of charter

Period of charter

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

 

 

 

 

 

 

    (vii)    Ships chartered out on bareboat charter terms for less than three years

Sl. No.

Name of ship

Net tonnage

Date of commencement of charter

Period of charter

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

 

 

 

 

 

 

(viii)    Other ships chartered in [other than those referred to at (ii), (iii) and (iv) above]

Sl. No.

Name of the ship

Net tonnage

Flag

Type of ship

Date of commencement of charter

Period of charter

Reference No. of DG (Shipping) approval

Whether qualifying or not

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

 

 

 

 

 

 

 

 

 

 

8. Name(s) and address (es) of directors of the applicant company.

PART B

(Statement of particulars to be furnished only in case of
renewing of option for tonnage tax scheme)

1.

Date(s) of exercising earlier option(s) along with date(s) of order approving the option [enclose a copy of the order(s)].

2.

Details regarding earlier options :

(i) Whether the company ceased to be a qualifying company at any time during earlier option(s).

(ii) Whether any default was made in complying with the provisions of section 115VT or section 115VU or section 115VV (if yes, give details).

(iii) Whether the company was excluded from the scheme under section 115VZC (if yes, give details).

(iv) Whether the company voluntarily opted out of the tonnage tax scheme (if yes, give details).

(v) Whether there was an amalgamation of the company with a company, which was a qualifying company on 1st October, 2004 and had not exercised the option within the initial period.

Place :


Date :

Signed

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Form 63A, Download Income Tax Form 63A in PDF Format

Form No. 63 for Statement to Be Furnished To the Assessing Officer In Respect Of Income Distributed By the Unit Trust of India. Form No. 63 is relevant for the unit Trust of India, in respect of income distributed before 31-3-2002 or after 1-4-2003 by unit Trust of India or the specified company for which additional income tax is leviable under section 115R.

Any amount of income distributed by the specified company or a Mutual Fund to its unit holders shall be chargeable to tax and such specified company or Mutual Fund shall be liable to pay additional income-tax on such distributed income at the rate of—

(i)  twenty-five per cent on income distributed to any person being an individual or a Hindu undivided family] by a money market mutual fund or a liquid fund;

(ia) thirty per cent on income distributed to any other person by a money market mutual fund or a liquid fund;

(ii)  twelve and one-half per cent on income distributed to any person being an individual or a Hindu undivided family by a fund other than a money market mutual fund or a liquid fund; and

(iii) thirty per cent on income distributed to any other person by a fund other than a money market mutual fund or a liquid fund:

FORM NO. 63

[See rule 12B]

Statement to be furnished to the Assessing Officer designated under rule 12B of the Income-tax Rules, 1962, in respect of income distributed by the Unit Trust of India

(Separate forms to be filled up for each scheme)

1. Address of Registered Office

 

2. Permanent Account Number

 

3. Previous Year ending

 

4. Name and address of the office bearers

 

5. Name of Scheme

 

6. Face Value of Unit

 

7. Total No. of Units

8. Details of income distributed:—

Distribution or Payment of Income

Tax payable under section 115R

Interest chargeable under section 115S, if any

Payment towards tax and interest under section 115S (Attach a copy of challans)

Date(s)

Amount(s)

Date(s)

Amount(s)

9. Tax payable on income distributed to the Unit holders.

Enclose audited accounts including balance sheet, annual report, if any, with certified copies of income and appropriation towards distribution of income.

I,

(Name in full and in block letters) son/daughter/wife of
do hereby solemnly declare that to the best of my knowledge and belief what is stated above and in the annexure(s), including the documents accompanying such annexure(s), is correct and complete. I further declare that I am furnishing such statement in my capacity as

(designation) and that I am competent to furnish this statement and verify it.

Verified today the

day of

Place


Signature

Verification

I/We

have examined the books of account and other documents showing the particulars of income earned and the income distributed to the unit holders by the Unit Trust of India for the previous year ending

2. I/We declare that the above particulars are true and correct to the best of my/our knowledge and belief.

.

Place :

(Signature with name of the Accountant)

Date :

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Form 62, Download Income Tax Form 62 in PDF Format

Form No. 62 for Certificate from the Principal Officer of the Amalgamated Company. Form No. 62 from the principal officer of the amalgamated company and duly verified by an accountant regarding achievement of the prescribed level of production and continuance of such level of production in subsequent years.

Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation

(a) the amalgamated company, owning an industrial undertaking of the amalgamating company by way of amalgamation, shall achieve the level of production of at least fifty per cent of the installed capacity of the said undertaking before the end of four years from the date of amalgamation and continue to maintain the said minimum level of production till the end of five years from the date of amalgamation:

Provided that the Central Government, on an application made by the amalgamated company, may relax the condition of achieving the level of production or the period during which the same is to be achieved or both in suitable cases having regard to the genuine efforts made by the amalgamated company to attain the prescribed level of production and the circumstances preventing such efforts from achieving the same;

(b) the amalgamated company shall furnish to the Assessing Officer a certificate in Form No. 62, duly verified by an accountant, with reference to the books of account and other documents showing particulars of production, along with the return of income for the assessment year relevant to the previous year during which the prescribed level of production is achieved and for subsequent assessment years relevant to the previous year’s falling within five years from the date of amalgam-mation.

FORM NO. 62

[See rule 9C]

Certificate from the principal officer of the amalgamated company and duly verified by an accountant regarding achievement of the prescribed level of production and continuance of such level of production in subsequent years

1. Particulars of the amalgamated company:


(a) Name

 


(b) Address

 


(c) Permanent account number

 


(d) Nature and details of business

 

2.

Details of the amalgamating company(ies) :

(Please attach separate sheets, if necessary)

 


(a) Name

 


(b) Address

 


(c) Permanent account number

 


(d) Nature and details of business

 


(e) Installed capacity of production on the date of amalgamation

 

3.

Date of amalgamation

 

4.

Date and period during which 50% of the installed capacity of production is achieved

 

5.

Whether the prescribed level of production has been maintained in subsequent years :(till the end of five years from the date of amalgamation)

 

Place
Date

(Signature with name of the principal officer of the Amalgamated Company)

 

Verification

I/We
[name] have examined the books of account and other documents showing the particulars of production of the company/companies referred to in above items 1 and 2 for the relevant period.

2. I/We have obtained all the information and explanations which are to the best of my/our knowledge and belief necessary for the purposes of ascertaining the actual attainment/continuance of prescribed level of production.

3. I/We declare that the above particulars are true and correct to the best of my/our knowledge and belief.

Place
Date

(Signature with name of the Accountant)

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Form 59A, Download Income Tax Form 59A in PDF Format

Form No. 59A for Application for Approval of Mutual Funds Investing In the Eligible Issue of Public Companies. Form No. 59A is required to be made to the CBDT by a mutual fund 3 months before it makes the public issue for the purpose of obtaining approval under section 80C(2)(xx)/88(2)(xvii) of the act. Unless this approval is obtained, subscribers to the issue cannot get the benefit of deduction under this provision. as subscription to any units of any mutual fund referred to in clause (23D) of section 10 and approved by the Board on an application made by such mutual fund in the prescribed form. Provided that this clause shall apply if the amount of subscription to such units is subscribed only in the eligible issue of capital of any company.

Explanation.—For the purposes of this clause “eligible issue of capital” means an issue referred to in clause (i) of the Explanation to clause (xix) of sub-section (2);


FORM NO. 59A

[See rule 20A]

Application for approval of mutual funds investing in the eligible issue of public companies under section 80C (2) (xx) or
under section 88(2) (xvii) of the Income-tax Act

1.

Name of the Mutual Fund and the address of its registered office

 

2.

Details of the trustees of the fund such as names, addresses, their professional experience, etc.

3. Objects of the fund


(i) Main objects

 


(ii) Ancillary objects (Enclose a copy of the Mutual Fund deed)

 

4.

Whether registered with SEBI; if yes, please specify the date and the number of the order (enclose a copy of the SEBI’s order)

 

5.

Whether notified under section 10(23D) of the Income-tax Act; if yes, please specify the date and the number of the order (enclose a copy of the order)

 

6.

Details of the custodians (enclose a copy of the custodian agreement for mutual fund)

 

7.

Details of Asset Management company such as names of directors with their experience, qualifications and profession, and whether related to the trustees (enclose a copy of the audited balance sheet for last 3 years)

 

8.

Plan-wise details of various schemes launched so far and the application of their proceeds (enclose audited balance sheet for last 3 years)

 

9.

Details of the proposed scheme to be launched for the purpose of section 80C(2)(xx) or section 88(2)(xvii), such as number of units, face value, total amount to be mobilised, etc. (enclose a copy of the approval by the SEBI)

 

10.

Name and address of the public company in whose public issue subscription is proposed to be made, along with the details of the issue (enclose a copy of the approval of the public issue by the Board)

 

11.

Names and addresses of the Bankers

 

12.

Names and addresses of the auditors

 


Signatures of the authorised signatory

Verification

I, certify that the information furnished above is true to the best of my knowledge and belief.


(Signatures of the authorised signatory)

 

 

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Form 61, Download Income Tax Form 61 in PDF Format

FORM NO. 61for Form of Declaration In Respect Of Transactions Specified Rule 114B. Form No. 61 must filled up by persons having only agricultural income and no other income which is chargeable to income tax, while entering into any of the transactions mentioned in rule 114B. The declaration in this form must be made on each occasion on which any of the specified transactions entered into, and handed over to the person concerned, as specified in rule 114(2) along with one of the document for proof of address.

FORM NO. 61

[See proviso to clause (a) of rule 114C (1)]

Form of declaration to be filed by a person who has agricultural income and is not in receipt of any other income chargeable to income-tax in respect of transactions specified rule 114B

1. Full name and address of the declaring_______________________

2. Particulars of transaction__________________________________

3. Details of documents being produced in support of address in column (1)

Yes /No

I hereby declare that my source of income is from agriculture and I am not required to pay income-tax on any other income if any.

 

Date :

Place :

Signature of the declarant

Verification

I


do hereby declare that what is stated above is true to the best of my knowledge and belief.

Verified today, the


day of

Place :

Signature of the declaring

Instructions: Documents which can be produced in support of the address are:-

(a) Ration Card

(b) Passport

(c) Driving licence

(d) Identity Card issued by any institution

(e) Copy of the electricity bill or telephone bill showing residential address

(f) Any document or communication issued by any authority of Central Government, State Government or local bodies showing residential address

(g) Any other documentary evidence in support of his address given in the declaration.

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Form 66, Download Income Tax Form 66 in PDF Format

FORM NO. 66 for Audit Report under Clause (Ii) Of Section 115VW of the Income-Tax Act, 1961. This form is relevant only to companies which are engaged in the business of operating qualifying ships and have opted for computation of income from such business under the tonnage tax scheme contained in chapter XII G of the act, which had come into force from 1-4-2005.

An option for tonnage tax scheme by a tonnage tax company shall not have effect in relation to a previous year unless such company—

 (i)  Maintains separate books of account in respect of the business of operating qualifying ships; and

(ii)  Furnishes, along with the return of income for that previous year, the report of an accountant, in the prescribed form duly signed and verified by such accountant.

Explanation.—for the purposes of this section, “accountant” shall have the same meaning as in the Explanation below sub-section (2) of section 288.

 

FORM NO. 66

[See rule 11T]

Audit Report under clause (ii) of section 115VW of the Income-tax Act, 1961

 

1.

Name of the Company

:
2.

PAN

:
3.

Assessment year

:
4.

Option for tonnage tax effective from assessment year

:
5.

Remarks, if any

:
6.

(a) Whether separate books of account are maintained in respect of the business of operating qualifying ships

Yes

No

(b) If yes, list of books of account maintained (in case books of account are maintained in a computer system, mention the books of account generated by such computer system).

(c) List of books of account examined.

7.

Limit for charter-in :

Whether correctly computed keeping in view the limit of 49% under section 115VV.

8.

Relevant shipping income :

(i) Profits from core activities referred to in sub-section (2) of section 115V-I, and

(ii) Whether profits from incidental activities exceed 0.25 per cent of the turnover from core activities.

9.

Tonnage tax reserve account :

(i) Certify the book profit

(ii) Minimum reserve created

(iii) Reserve utilized in the manner laid down under sub-section (3) of section 115VT

10.

Computation of tonnage income under section 115VG

 

*Name of the qualifying ship

Net tonnage / deemed tonnage

Owned / chartered

Kind of charter**

Daily tonnage income

No. of days operated

Tonnage income (56)

1

2

3

4

5

6

7

 

11.

Details of transactions by the company with related parties

12.

Depreciation :

I. Computation of depreciation in accordance with the provisions of section 115VK of the Income-tax Act, 1961 in the case of qualifying assets and other assets, as the case may be, in the following form [to be given only in case of the first year in tonnage tax scheme]:

II. Particulars of depreciation allowable as per the Income-tax Act, 1961 in respect of each qualifying asset or block of qualifying assets, as the case may be, in the following form :—

(a)    Description of asset/block of assets.

(b)    Rate of depreciation.

(c)    Actual cost or written down value, as the case may be.

(d)    Additions/deductions during the year with dates, in the case of any addition of an asset, date on which put to use including adjustments on account of—

(i)    Modified Value Added Tax credit claimed and allowed under the Central Excise Rules, 1944 or Central Excise Rules, 2002, as the case may be, in respect of assets acquired on or after 1st March, 1994,

(ii)    change in rate of exchange of currency, and

(iii)     Subsidy or grant of reimbursement, by whatever name called.

(e)    Depreciation allowable.

(f)    Written down value at the end of the year.

13.

Details of assets (other than ships), if any, not used exclusively for the tonnage tax business :

14.

Details of losses relating to the business of operating qualifying ships, if any :

There is no need to mention the name of the ship, income from which is computed on deemed tonnage basis.

Certificate of charter-in/out on Time Charter, Voyage Charter, Bare Boat Charter and Bare Boat Charter cum demise basis.

Declaration

I/We report that the statutory audit of
(mention name, address and permanent account number of the company) was conducted by *me/us/M/s

I/We have obtained the information and explanations which to the best of *my/our knowledge and belief were necessary for the purposes of ascertaining the profits of the said assessee derived from the business of operating qualifying ships.

In my/our opinion and to the best of *my/our information and according to the explanations given to me/us the particulars given in the report are true and correct.

Date
Place

Signed

Accountant

SUMMARY

1 NT: 19 cbm when loadable capacity is taken on volume basis.

1 NT: 14 t when loadable capacity is taken on weight basis.

1 NT: 2.5 TEUs when loadable capacity is taken on TEU basis.

Deemed tonnage would thus be calculated as under:

19 cbm is equivalent to 1 NT

14 metric tonnes is equivalent to 1 NT

2.5 TEUs is equivalent to 1 NT

Worksheet for TEU: NT formula

A. Indfex Service (Far East to India)
Name of Vessel R. Gandhi NT 9749
Capacity @ 14 MT Homogenus 1534
TEUs
Operating days 360
Round voyage days 35
Theoretical volumes carried
Container carriage 3068
Voyages completed 10.29
Yearly traffic 31557
Equivalent of one NT in TEUs 0.30894
B. ISE Service (UK Continent to India)
Name of Vessel R. Gandhi NT 9749
Capacity @ 14 MT Homogenous 1534
TEUs
Operating days 360
Round voyage days 49
Theoretical volumes carried
Container carriage 3068
Voyages completed 7.35
Yearly traffic 22540
Equivalent of one NT in TEUs 0.43251
C. Indamex Service (USA to India)
Name of Vessel R. Gandhi NT 9749
Capacity @ 14 MT Homogenus 1534
TEUs
Operating days 360
Round voyage days 56
Theoretical volumes carried
Container carriage 3068
Voyages completed 6.43
Yearly traffic 19723
Equivalent of one NT in TEUs 0.49429

 

Average of INT in TEUs = A+B+C/3 1.23574/3 = 0.41192

0.41 NT = 1 slot

1.025 NT

2.5 slot

Therefore, 1 NT = 2.5 TEU

4. Formula for conversion of Cargo carried (by volume and weight) into NT (Space Charter)

(a)    The quantum of cargo that can be carried by a break-bulk vessel is restricted by two factors – (i) volume of the cargo or (ii) weight of the cargo.

(b)    Since the entire vessel is not chartered and only a small space is booked in the vessel, conversion of chartered space into net tonnage (NT) is not available. Hence, a conversion formula of cargo carried on a ship to its net tonnage has been worked out.

(c)    The formula has been worked out based on a break-bulk vessel, ‘MV State of Nagaland’ owned by the Shipping Corporation of India Limited. Physical parameters of the vessel are:

(i)    NT of the vessel: 8294

(ii)    GT of the vessel: 14166

(iii)     Cubic Capacity: 26186 Bale

(iv)    Dead wt.: 20574 M/T

(v)    Bunkers + water: 900 M/T

(vi)    Ballast + constant: 1000 M/T

(vii) Loadable Dead wt.

(iv) – (v) – (vi): 18675 M/T

(d)    A vessel can either load on—

    Maximum bale capacity (i.e., maximum capacity restricted by volume of cargo); or

    Maximum dead weight capacity (i.e., maximum capacity restricted by weight of cargo).

(e)    The vessel ‘State of Nagaland’ is a typical break-bulk vessel which operates in the India – UK Continent sector and can complete 3 voyages in a year. The complete circuit of India – UK Continent – India is considered as one voyage (i.e., cargo would be carried from India and discharged in UK Continent and on the return leg, cargo would be loaded at UK-Continent and discharged at India).

(f)    The vessel can thus carry one way cargo of maximum bale capacity of 26186 cubic meters (cbm), i.e., maximum volume permissible or cargo of maximum 18675 metric tons, i.e., maximum weight permissible. Thus conversion of cargo carried to net tons (NT) can be worked out depending on whether the carrying capacity is limited by volume or weight. The workings have been done on the basis of what a normal break-bulk vessel can carry during a period of one year.

A.    Cargo restricted by volume – In each leg i.e., from India – UK Continent and from UK-Continent to India, the vessel can carry maximum bale capacity of 26186 cbm. Thus in one voyage, the vessel can carry 2X26186 cbm. Therefore, in 3 voyages, the vessel would carry 2 X 26186 X 3 cbm bale capacity.

(i)    Loadable bale capacity 26186 X 2 per voyage: 52372 cbm

(ii)    Net tonnage of ship (NT): 8294

(iii)    Max No. of voyages/year: 3

(iv)    Loadable capacity 26186 cbm X 2 X 3: 157116 cbm

NT: cbm based on volume of cargo (iv)/ (ii)

= (157116 cbm/8294 NT)

1 NT = 18.94 cbm

say 19 cbm

B.    Cargo restricted by weight – In each leg i.e., from India – UK Continent and from UK-Continent to India, the vessel can carry maximum cargo weight of 18675 metric tons. Thus in one voyage, the vessel can carry 2 X 18675 metric tons. Therefore, in 3 voyages, the vessel would carry 2 X 18675 X 3 metric tons (mt).

(i)    Loadable weight 18675 mt. X 2 per voyage: 37350 mt.

(ii)    Net tonnage of ship (NT): 8294

(iii)    Max No. of voyages/year: 3

(iv)    Loadable capacity 18675 mt. X 2 X 3: 112050 mt.

NT: weight based on loadable weight of (IV)/ (ii)

= (112050 mt. /8294 NT)

Or

1 NT = 13.50

say 14 mt.

The loadable capacity in volume and weight has been taken on per year basis.

5.    Incidental activities for the purpose of relevant shipping income

(a)    Maritime Consultancy Charges – Maritime consultancy charges received by a shipping company in the course of business of operating ships in lieu of knowledge offered by it to other companies which do not possess such expertise and which may among other things include rendering advice on setting up of shipping business, ship designing and repair and business acquisition, etc.

(b)    Income Earned from Loading/Unloading of Cargoes – Charges received for services in connection with loading and unloading of cargo to and from the ship (such charges being separate from the transit charges).

(c)    Ship Management fees/remuneration for managed vessels – Fees or remuneration earned for providing services of operation and maintenance of vessels on behalf of other ship owners/agencies.

(d)    Maritime Education/Recruitment fees – Training fees charged/earned by a shipping company by extending its surplus training facility to other personnel in the shipping industry and fees earned from foreign ship owners for rendering services by way of screening, interviewing, short-listing and recruitment of floating staff and officers.

6. Calculation of average of net tonnage for computing the limit for charter-in (illustrative example):

Ship No.

Ownership/type of operation

Net Tonnage

No. of days

Ton-days

Operation Charter-in

1. Qualified ship chartered-in on BBCD basis

11000

365

4015000

2. Owned qualified ship

15000

365

5475000

3. Owned qualified ship but chartered out on BBC basis to another company for more than 3 years

20000

365

0

4. Qualified ship chartered-in for 5 years on BBC basis

12000

365

4380000

4380000

5. Qualified owned ship – time chartered – out

10000

365

3650000

6. Qualified ship – voyage chartered-in

15000

60

900000

900000

7. Qualified ship – time chartered-in

20000

120

2400000

2400000

8. Qualified ship – time chartered in

15000

365

5475000

5475000

9. Qualified ship-chartered-in (slot charter)

5000

365

1825000

1825000

10. Qualified ship-chartered-in (space charter)

6000

365

2190000

2190000

Total

30310000

17170000

Percentage of tonnage chartered-in: (17170000/30310000) X 100 = 56.65%. Since the percentage of net tonnage chartered in is more than 49%, as per section 115VV, the company’s option for tonnage tax scheme will cease to have effect.’

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