INCOME TAX CLEARANCE CERTIFICATE
This query is : Resolved
Shailendra Sharma
(Querist)
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.
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
(Querist)
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.
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.
*
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.
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Shailendra Sharma
(Querist)
22 June 2011
Thanks a lot sir
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