Form 37EE, Download Income Tax Form 37EE in PDF Format

FORM NO. 37EE for Statement for Registered With the Competent Authority. FORM NO. 37EE should be signed by each of the parties to the transaction referred to in section 269AB (1) of the income tax act. 1961 or by any of the parties to such transaction acting on behalf of himself and on behalf of the other parties ; if the statement is signed only by one of such parties, certified copy of document evidencing authority to act on behalf of other parties should be attached.

1) The statement required to be registered with the competent authority under sub-section (2) of section 269AB shall be in Form No. 37EE and shall be signed and verified in the manner indicated therein by each of the parties to the transaction referred to in sub-section (1) of that section or by any of the parties to such transaction acting on behalf of himself and on behalf of the other parties.

(2) The statement in Form No. 37EE shall be made in duplicate and shall be furnished to the competent authority within a period of thirty days from the date on which the transaction referred to in sub-section (1) of section 269AB takes place :

Provided that in relation to any such transaction which has taken place between the 1st day of July, 1982 and the date of the publication of the Income-tax (Eighth Amendment) Rules, 1982 in the Official Gazette, the provisions of this sub-rule shall have effect as if for the words “thirty days”, the words “sixty days” had been substituted.

(3) Where the competent authority considers that the statement in Form No. 37EE furnished under sub-section (2) of section 269AB is defective, he may intimate the defect to the parties or, as the case may be, the party furnishing such statement and give them an opportunity to rectify the defect within a period of fifteen days from the date of such intimation or within such further period which, on an application made in this behalf, the competent authority may, in his discretion allow ; and if the defect is not rectified within the period of fifteen days or, as the case may be, the further period so allowed, then, notwithstanding anything contained in any other provision of this rule, the statement in Form No. 37EE shall be treated as an invalid statement and the provisions of the Act shall apply as if the parties to the transaction had not complied with the provision of section 269AB.

(4) The competent authority shall, within a period of sixty days from the date of the receipt by him of the statement in Form No. 37EE or, as the case may be, from the date of the rectification of the defects under sub-rule (3), make an order registering the statement under section 269AB ; and if no such order is made by the competent authority within the said period of sixty days, the statement shall be deemed to have been registered under section 269AB as on the date on which the said period of sixty days expires.

FORM NO. 37EE

[See rule 48DD]

Statement to be registered with the competent authority under section 269AB(2) of the Income-tax Act, 1961

1.

Name and address of the transferor

 

2.

Name and address of the transferee

 

3.


Detailed description, location and other particulars of the property transferred

 

4.

Whether land is freehold or leasehold

 

5. In the case of building-

 

(a) floorwise plinth area

(b) year or years in which the building was constructed

 

6. Where the transfer of property involves transaction of the nature referred to in section 269AB(1)(a)-

(a) date of transfer

 


(b) date on which possession of the property was taken by the transferee if the date at (b) above is prior to the date at (a) above and the transferee retains the possession of the property in part performance of the contract and does some other act in furtherance of the contract-

(i) the nature of the act performed by the transferee in furtherance of the contract

(ii) the date on which such act was performed by the transferee

(Also attach copy of the contract)

 

7. Where the transfer of property involves transaction of the nature referred to in section 269AB(1)(b)-

(a) name and address of the co-operative society, company or other association of persons

 


(b) date of becoming a member of and/or acquiring shares in co-operative society, company or other association of persons

(c) number and face value of the shares

(d) if the transfer is otherwise than by way of transfer of shares in a co-operative society, a company or other association of persons-

(i) the nature of act having the effect of transferring or enabling the enjoyment of property

(ii) the date on which such act was performed

(Attach statement setting out the terms of the agreement or arrangement)

 

8.

Name and address of person(s), if any, in occupation of the property

 

9.

Name and address of any other person(s) interested in the property

 

10.

Consideration for transfer

 

11.

Estimated fair market value of the property

 

12.

If the transfer is by way of exchange, description and location of the thing or things for which the property is exchanged

 

13.


Fair market value of the thing or things mentioned against item 12

 

14.

If the consideration for transfer is less than the estimated fair market value, whether the transferee is a relative of the transferor, and if so, indicate relationship and state whether the transfer for a consideration which is less than the fair market value is on account of natural love and affection




Signature(s) of the person(s)


making the statement

Verification

I/We, , do hereby declare that what is stated above is true to the best of my/our knowledge and belief.

 

Verified today the
day
of



Signature

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