INCOME TAX CLEARANCE CERTIFICATE

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Shailendra Sharma

Shailendra Sharma (Querist)
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21 June 2011 IS INCOME TAX CLEARANCE CERTIFICATE REQUIRED IN TENDER PROCESS?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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21 June 2011 .

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

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Shailendra Sharma

Shailendra Sharma (Querist)
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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

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22 June 2011 Section 230 Tax Clearance Certificate
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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.

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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.

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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.

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

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Shailendra Sharma

Shailendra Sharma (Querist)
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22 June 2011 Thanks a lot sir

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