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Rule 2C Defines guidelines for approval under section 10(23)(iv) and (v) of Income Tax Act : Rule 2C of Income Tax Rules 1962

Guidelines for approval under Section 10(23C)(iv) and (iv) of Income Tax Act
Rule 2C of Income Tax Rules 1962 defines Guidelines for approval under Section 10(23C) of Income Tax Act.

 

 



Provisions in Income Tax Rules 1962 related to Rule 2C is as under:

Guidelines for approval under sub-clauses (iv) and (v) of clause (23C) of section 10.
2C. (1) The prescribed authority under sub-clauses (iv) and (v) of clause (23C) of section 10 shall be the Chief Commissioner or Director General, to whom the application shall be made as provided in sub-rule (2).

(2) The application to be furnished under sub-clauses (iv) and (v) of clause (23C) of section 10 by a fund, trust or institution shall be in Form No. 56.

Explanation.—For the purposes of this rule, "Chief Commissioner or Director General" means the Chief Commissioner or Director General whom the Central Board of Direct Taxes may, authorise to act as prescribed authority56 for the purposes of sub-clause (iv) or sub-clause (v) of clause (23C) of section 10 in relation to any fund or trust or institution.

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