Standing Order No. 2420/2012 of the General Administration Department, Government of Assam dated 5th February, 2012 on the distribution of dividends [C15-1TH]

Standing Order No. 2420/2012

GOVERNMENT OF ASSAM

General Administration Department, Government of Assam

Dispur, dated the 5th February, 2012

STANDING ORDER

To

All Tax Recovery Officers,

Subject: The distribution of dividends by payers of dividend 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 General Administration 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 distribution of dividends by payers of dividend.

2. The matter has been examined. Every payer of dividend carrying on the distribution of dividends shall make an application in Form 35 to the Joint Commissioner within fifteen days, accompanied by a fee of two hundred and fifty rupees.

3. The Tax Recovery Officer shall ensure that income is dealt with as directed above, and shall report compliance to the Joint Commissioner within fifteen days.

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

(Secretary to Government)