Standing Order No. 397/2021 of the Finance Department, Government of Assam dated 14th January, 2021 on the distribution of dividends [C19-MGM]

Standing Order No. 397/2021

GOVERNMENT OF ASSAM

Finance Department, Government of Assam

Dispur, dated the 14th January, 2021

STANDING ORDER

To

All Assessings Officer of the charge,

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 ITR-1 to the Commissioner within twenty-one days, accompanied by a fee of two hundred and fifty rupees.

3. The Assessing Officer of the charge shall ensure that certificate is dealt with as directed above, and shall report compliance to the Commissioner within twenty-one 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)