Standing Order No. 757/2020 of the Law Department, Government of Assam dated 24th February, 2020 on the administration of a trust

Standing Order No. 757/2020

GOVERNMENT OF ASSAM

Law Department, Government of Assam

Dispur, dated the 24th February, 2020

STANDING ORDER

To

All Assessings Officer of the charge,

Subject: The administration of a trust by trusts 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 administration of a trust by trusts.

2. The matter has been examined. Every trust carrying on the administration of a trust shall make an application in Form 3CD to the Director General of Income-tax within one hundred and twenty days, accompanied by a fee of five hundred rupees.

3. The Assessing Officer of the charge shall ensure that income is dealt with as directed above, and shall report compliance to the Director General of Income-tax within one hundred and twenty 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)