Standing Order No. 1595/2024 of the Urban Development Department, Government of Assam dated 13th October, 2024 on the administration of a trust [C14-7ZB]

Standing Order No. 1595/2024

GOVERNMENT OF ASSAM

Urban Development Department, Government of Assam

Dispur, dated the 13th October, 2024

STANDING ORDER

To

All Valuation Officers,

Subject: The administration of a trust by trusts under the Assam Agricultural Income-tax Act, 1939, regarding.

In exercise of the powers conferred by section 9 of the Assam Agricultural Income-tax Act, 1939 (Assam Act 9 of 1939), the Urban Development Department, Government of Assam hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the administration of a trust by trusts.

2. The matter has been examined. Every trust carrying on the administration of a trust shall make an application in Form ITR-1 to the Director General of Income-tax within ninety days, accompanied by a fee of one thousand rupees.

3. The Valuation Officer shall ensure that permanent account number is dealt with as directed above, and shall report compliance to the Director General of Income-tax within ninety days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Urban Development Department, Government of Assam.

(Secretary to Government)