Standing Order No. 2218/2024 of the Law Department, Government of Assam dated 10th November, 2024 on the management of a company [C16-508]

Standing Order No. 2218/2024

GOVERNMENT OF ASSAM

Law Department, Government of Assam

Dispur, dated the 10th November, 2024

STANDING ORDER

To

All Valuation Officers,

Subject: The management of a company by principal officers 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 Law 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 management of a company by principal officers.

2. The matter has been examined. Every principal officer carrying on the management of a company shall make an application in Form 15G to the Assessing Officer within sixty days, accompanied by a fee of five thousand rupees.

3. The Valuation Officer shall ensure that certificate is dealt with as directed above, and shall report compliance to the Assessing Officer within sixty days.

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

(Secretary to Government)