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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