FORM NO. 5B for Application for notification of a zero coupon bond. FORM NO. 5B form is relevant for an Infrastructure capital company or public sector company, which is purposes to issue any zero coupon bond. The other conditions referred to in clause (iii) of sub-section (3) of section 33A shall be the following, namely:—
(a) the assessee shall, at least three months before commencing the operations for planting or, as the case may be, replanting tea bushes, give notice of his intention to do so to the Tea Board in writing in Form No. 4:
Provided that in a case where such operations have commenced before the 1st day of January, 1968], this condition shall be deemed to have been fulfilled if notice of such commencement is given by the assessee before the 1st day of February, 1968;
(b) the assessee shall afford the Tea Board or such other person or agency as may be authorised in writing by the Tea Board in this behalf, every reasonable facility to enter upon and inspect the area under planting or, as the case may be, replanting;
(c) the assessee shall furnish to the Tea Board such particulars, documents or statements, in relation to the planting or replanting of tea, as the Tea Board may require him to furnish;
(d) the assessee shall furnish to the Assessing Officer, along with his return of income for the previous year for which the deduction is claimed, a certificate from the Tea Board in Form No. 5 and a state-ment of particulars in Form No. 5A.
Explanation : For the purposes of this rule, “Tea Board” means the Tea Board established under section 4 of the Tea Act, 1953 (29 of 1953).
FORM NO. 5B
[See rule 8B]
Application for notification of a zero coupon bond under clause (48) of section 2 of the Income-tax Act, 1961
Name of the applicant
Category (Please tick one):
|Infrastructure capital company/Infrastructure capital fund/Public sector company|
Address of the applicant
Permanent Account Number of the applicant
Assessing Officer under whose jurisdiction the applicant is assessed/assessable to income-tax
Date of incorporation/registration (Please enclose copy of certificate of incorporation/registration)
Objects of the applicant (Please enclose copy of Memorandum/Trust deed, etc.)
(a) main objects
(b) ancillary objects
The total number of bonds proposed to be issued
Amount for which the bond is proposed to be issued
Amount payable on maturity/redemption of the bond
Discount [(10) – (9)]
Period of life of the bond
The period during which the bonds are to be issued.
The objects of issue of the bonds
In case of infrastructure capital company or infrastructure capital fund—
(a) the name of enterprise or enterprises or undertaking or undertakings in which investment is proposed to be made;
(b) nature of business carried on by the enterprise or enterprises or undertaking or undertakings referred to in (a);
(c) whether the enterprise or enterprises or undertaking or undertakings referred to in (a) is, for the time being, approved under clause (23G) of section 10, if yes, please attach copy of the approval;
(d) whether approval referred to in (c) is for any particular amount of investment/cost of project, if yes, furnish the details thereof.
In case of public sector company—
(a) the nature of business;
(b) in case investment is proposed to be made in the business of the company, please furnish details thereof;
(c) in case investment is proposed to be made with another public sector company or public sector companies or enterprise or enterprises or undertaking or undertakings, please furnish the details thereof;
(d) nature of business carried on by the public sector company or public sector companies or the enterprise or enterprises or undertaking or undertakings referred to in (c);
(e) whether the enterprise or enterprises or undertaking or undertakings referred to in (c) is, for the time being, approved under clause (23G) of section 10, if yes, please attach copy of the approval;
(f) whether approval referred to in (e) is for any particular amount of investment/cost of project, if yes, furnish the details thereof.
Location of project/projects in which investment is proposed to be made.
Approximate year-wise investment required to be made.
Sources of investment (other than the bonds), if any.
Schedule of development of project/projects :
(a) planned date of commencement
(b) planned date of commencement of operations of the project.
Details of management responsible for execution of project:
(a) name of directors, trustees, etc., with their experience, qualifications and performance.
(b) name of other key personnel with their qualification and experience.
(c) organisational structure.
(d) particulars of Asset Management Company in case of a fund.
Copy of the project report, if any
(Write “not applicable” against the column or columns which are not relevant to the applicant.)
I certify that the information furnished above is true to the best of my knowledge and belief. I undertake on behalf of _______ (write the name of the applicant) that the money realised on issue of such bond shall be invested in accordance with clause (iv) or clause (v) of sub-rule (3) of rule 8B of the Income-tax Rules, 1962.
Signature of the authorised signatory