Standing Order No. 1147/2010 of the Industries and Commerce Department, Government of Assam dated 5th January, 2010 on the distribution of dividends [C16-RPT]

Standing Order No. 1147/2010

GOVERNMENT OF ASSAM

Industries and Commerce Department, Government of Assam

Dispur, dated the 5th January, 2010

STANDING ORDER

To

All Assistant Commissioners,

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 Industries and Commerce 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 3CD to the Director General of Income-tax within sixty days, accompanied by a fee of five thousand rupees.

3. The Assistant Commissioner shall ensure that audit report is dealt with as directed above, and shall report compliance to the Director General of Income-tax within sixty days.

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

(Secretary to Government)