notification no. 60/2019 f.no.370142/14/2018 tpl /so 3215 e income tax 6th amendment rules 2019

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th September, 2019 INCOME-TAX S.O. 3215(E).—In exercise of the powers conferred by the first proviso to clause (23C) of sub-section (1) of section 10 and clause (vi) of sub-section (5) of section 80G read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: — 1. Short title and commencement. — (1) These rules may be called the Income-tax (6th Amendment) Rules, 2019. (2) They shall come into force on the 5th November, 2019. 2. In the Income-tax Rules, 1962 (hereafter referred to as the principal rules), - (i) for ‘rules 2C and 2CA’, the following rule shall be substituted, namely: — “Application for the purpose of grant of approval for the exemption under sub-clause (iv), sub-clause (v), sub-clause (vi) and sub-clause (via) of clause (23C) of section 10. 2C. (1) The prescribed authority under sub-clause (iv), sub-clause (v), sub-clause (vi) and sub-clause (via) of clause (23C) of section 10 shall be the Principal Commissioner or Commissioner whom the Central Board of Direct Taxes may authorise to act in this behalf. (2) An application for grant of approval for the exemption under sub-clause (iv), sub-clause (v), sub-clause (vi)or sub-clause (via) of clause (23C) of section 10 to any fund or institution, any trust (including any other legal obligation) or institution, any university or other educational institution and any hospital or other institution (hereinafter referred to as ‘the applicant’) shall be made in Form No. 56 and shall be verified by the person who is authorised to verify the return of income under section 140, as applicable to the assesse. (3) Form No. 56 shall be furnished electronically, — (i) under digital signature, if the return of income is required to be furnished under digital signature; or (ii) through electronic verification code in a case not covered under clause (i). (4 ) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, shall lay down the data structure, standards and procedure of furnishing and verification of Form No. 56 and shall be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the said form so furnished.”. (ii) for ‘rule 11AA’, the following rule shall be substituted, namely: — “Requirements for approval of an institution or fund under section 80G. 11AA (1) For approval under clause (vi) of sub-section (5) of section 80G, the institution or fund (hereinafter referred to as ‘the applicant’) shall be required to file application in Form No 10G, which shall be verified by the person who is authorised to verify the return of income under section 140, as applicable to the assesse. (2) Form No 10G shall be furnished electronically, — (i) under digital signature, if the return of income is required to be furnished under digital signature; or (ii) through electronic verification code in a case not covered under clause (i). (3) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, shall lay down the data structure, standards and procedure of furnishing and verification of Form ¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 11 No. 10G and shall be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the said form so furnished. (4) The Principal Commissioner or Commissioner may call for such further documents or information from applicant or cause such inquiries to be made as he may deem necessary in order to satisfy himself about the genuineness of the activities of the applicant. (5) Where the Principal Commissioner or Commissioner is satisfied that all the conditions laid down in clauses (i) to (v) of sub-section (5) of section 80G are fulfilled by the applicant, he shall record such satisfaction in writing and grant approval under clause (vi) of sub-section (5) of section 80G. (6) Where the Principal Commissioner or Commissioner is satisfied that one or more of the conditions laid down in clauses (i) to (v) of sub-section (5) of section 80G are not fulfilled, he shall record the reasons in writing and reject the application for approval after giving the applicant an opportunity of being heard. (7) The order granting approval under clause (vi) of sub-section (5) of section 80G or rejecting the application shall be passed within the period of six months from the end of the month in which such application was received.”. 3. In the principal rules, in Appendix II, - (i) for ‘Form 10G’, the following Form shall be substituted, namely: ___ “FORM No. 10G (See rule 11AA) Application for grant of approval to fund or institution under clause (vi) of sub-section (5) of section 80G of the Income-tax Act, 1961 A. Details of Registered Office PAN Name of the Fund/ Institution (Auto populated) A B C D E 1 2 3 4 F Flat / Door / Block No. Name of Premises / Building / Village Road / Street Post Office Area / Locality Town/City/District PIN Code State(Select) Country(Select) Office Phone No. with STD Code/ Mobile No. 1 Fax No. with STD Code/ Mobile No. 2 Email Address 1 Email Address 2 B. Legal Status Please specify whether the Fund/ Institution is- (select any one) o constituted as Public Trust under __________________________________ (please specify name of Act under which constituted as a Public Trust) o registered under the Societies Registration Act, 1860 (21 of 1860) or under any law corresponding to that Act in force in any part of India ________________________________________________ (please specify name of the law under which registered) o registered under section 8 of the Companies Act, 2013 (18 of 2013) or under section 25 of the Companies Act, 1956 (1 of 1956) o a University established by law o any other educational institution recognised by the Government or by any University established by law, or affiliated to any University established law. o An Institution financed wholly or in part by the Government or a local authority o A Regimental Fund or Non-Public Fund established by the Armed Forces of the Union for the welfare of the past and present members of such forces or their dependants o Others (please specify) _______________________________________ C. Purpose 1. Please select from the following (at least one): Relief of the poor Preservation of environment (including watersheds, forests and wildlife) Education Preservation of monuments or places or objects of artistic or historic interest Yoga Advancement of any other object of general public utility Medical relief 12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 1a. In case of “advancement of any other object of general public utility”, please provide following: (i) Whether it involves the carrying on of any activity in the nature of trade, commerce or business, or any activity of rendering any service in relation to any trade, commerce or business, for a cess or fee or any other consideration? Yes/ No (ii) Whether the activity is undertaken in the course of actual carrying out of such advancement of any other object of general public utility; and Yes/ No (ii) Details of receipts from such activity: S. No. Total Receipts Aggregate Receipts from the Activity Percentage to Total Receipts Remarks, if any