The Central Board of Direct Taxes has notified the Income-tax (35th Amendment) Rules, 2021 to make amendments to the Income-tax Rules,1962.
Under the amended rules, after Rule 16D, a New Rule 16DD shall be inserted for Form of Particulars to be Furnished along with Return of Income for Claiming Deduction under clause (b) of sub-section (1B) of section 10A.
Particulars to be furnished under clause (b) of sub-section (1B) of section 10A of the Income-tax Act, 1961
1. Details of Special Economic Zone Reinvestment Allowance Reserve Account (in rupees)
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(1) |
(2) |
(3) |
(4) |
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I |
Amounts of eligible profits debited to the profit and loss account and credited to the Special Economic Zone Reinvestment Allowance Reserve Account: |
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(i) During the current previous year ending on …. |
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(ii) During the previous year, immediately preceding the previous year mentioned at (i) ending on …. |
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(iiii) During the previous year, immediately preceding the previous year mentioned at (ii) ending on ….. |
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(iv) During the previous year immediately preceding the previous year mentioned at (iii) ending on …. |
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(v) Total (i)+(ii)+(iii)+(iv) |
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II |
Amounts withdrawn from the Special Economic Zone Reinvestment Allowance Reserve Account: |
Used for eligible purposes |
Not used for eligible purposes |
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(i) During the current previous year ending on …. |
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(ii) During the previous year, immediately preceding the previous year mentioned at (i) ending on… |
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(iii) During the previous year, immediately preceding the previous year mentioned at (ii) ending on…. |
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(iv) During the previous year, immediately preceding the previous year mentioned at (iii) ending on…. |
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(v) Total amounts withdrawn (i)+(ii)+(iii)+(iv) |
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III |
Net amount outstanding the Special Economic Zone Reinvestment Allowance Reserve Account on the last day of the current previous year ending on …. [II.(v)–I.(v)] |
2. Details of new plant/machinery purchased out of amounts withdrawn from Special Economic Zone Reinvestment Allowance Reserve Account
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S. No. |
Details of the new plant/ machinery (give Make Number and Model Number) |
Name and address of the supplier of the new plant/ machinery |
Date(s) of acquisition of plant/ machinery |
Date(s) on which the new plant/ machinery was first put to use |
To read the official notification, click here
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