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Rule 12C of Income Tax Rules 1962: Statement under sub-section (2) of section 115U

Rule 12C : Statement under sub-section (2) of section 115U
(Chapter: III - Assessment Procedure)

(1) The statement of income paid or credited shall be furnished by the 30th November of the Financial year following the previous year during which such income is paid or credited, to the Chief Commissioner or Commissioner of Income-tax, within whose jurisdiction, the principal office of the Venture Capital Company or the Venture Capital Fund, as the case may be, is situated.


(2) The statement of income paid or credited which is to be furnished under sub-section (2) of section 115U by the Venture Capital Company or the Venture Capital Fund, as the case may be, shall be in Form No. 64, duly verified by an accountant in the manner indicated therein and shall be furnished electronically under digital signature.

(3) The Director General of Income-tax (Systems) shall specify the procedure for filing of Form No. 64 and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to the statements so furnished.



Extra Notes for Readers:

- Rule 12C was introduced by the Income Tax (15th Amendment) Rules, 2000, w.e.f. 29-Aug-2000. Substituted by the Income Tax (13th Amendment) Rules, 2013, w.e.f. 5-Aug-2013



Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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