Standing Order No. 746/2016 of the Finance Department, Government of Assam dated 7th June, 2016 on the distribution of dividends [C17-9KP]

Standing Order No. 746/2016

GOVERNMENT OF ASSAM

Finance Department, Government of Assam

Dispur, dated the 7th June, 2016

STANDING ORDER

To

All Income-tax 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 Finance 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 15G to the Commissioner within seven days, accompanied by a fee of five thousand rupees.

3. The Income-tax Officer shall ensure that certificate is dealt with as directed above, and shall report compliance to the Commissioner within seven days.

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

(Secretary to Government)