INCOME TAX CLEARANCE CERTIFICATE (Income Tax)

This query is : Resolved

Shailendra Sharma

( Author )
21 June 2011

IS INCOME TAX CLEARANCE CERTIFICATE REQUIRED IN TENDER PROCESS?

CA PARAS BAFNA

( Expert )
21 June 2011

.

There is no such compulsion, however, you may better know about it from the eligibility criteria prescribed for the tender, particularly.

Shailendra Sharma

( Author )
22 June 2011

Is currently ITCC is (in use)
withdraw by department.

Tender conntains the point regarding submission of ITCC however tender formats are very old.

CA PARAS BAFNA

( Expert )
22 June 2011

Section 230 Tax Clearance Certificate
*

Abolition of the requirement of obtaining Income-tax Clearance Certificate (ITCC) by persons entering into commercial contracts - With effect from 1-1-2003, no Income Tax Clearance Certificate shall be required to be furnished by any person while filing a tender for the purpose of obtaining commercial contracts.

*

It is clarified by the CBDT that contractors are now not required to obtain Income-tax Clearance Certificate from the Income-tax Department and there is no need to furnish such certificate while submitting tenders or obtaining commercial contracts.

*

Further, it is also clarified that Income-tax Clearance Certificate shall also not be required for any other purposes such as registration or renewal of registration of contractors, renewal of import/export licences, renewal of post licences and renewal of shipping licences. However, all such persons shall quote their Permanent Account Number in their tender or other relevant documents.

*

It is reiterated that the Income-tax Department will not issue any Income-tax Clearance Certificates for any of the above mentioned or similar purposes -
*

Circular : No. 2/2004, dated 10-2-2004.

Shailendra Sharma

( Author )
22 June 2011

Thanks a lot sir