What is Form No.12BB in Notification No.30/2016 of Income-Tax

Form No.12BB for the purpose of estimating of a person's income or computing the tax deduction at source. The Govt. of India introduced Form No.12BB in Notification No.30/2016 which was released recently.
Form No.12BB details
Form No.12BB details

Model Copy of Form 12BB

model copy of form 12bb
model copy of form 12bb

What is Form No.12BB




In the Income-tax Rules, 1962 (hereafter referred to as the said rules), after rule 26B, the following rule shall be inserted, namely 26C. Furnishing of evidence of claims by employee for deduction of tax under section 192.
  1. The assessee shall furnish to the person responsible for making payment under sub-section (1) of section 192.
  2. The evidence or the particulars of the claims referred to in sub-rule (2), in Form No.12BB for the purpose of estimating his income or computing the tax deduction at source.
  3. The assessee shall furnish the evidence or the particulars specified in column(3), of the Table below, of the claim specified in the corresponding entry in column(2) of the said Table:—
Form 12BB model table
Form 12BB model table
LATEST Income Tax software 2015-16 by R.V.L.GANAPATHI RAO

Who specified this Form No 12BB

The Principal Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements and shall be responsible for the day-to-day administration in relation to furnishing of the information and verification of the statements. So I will be back with full details of How to fill this form. Download the clear copy of this newly introduced form 12BB.

1 comment:

  1. Plz post 2016-17 I.T.Software as early as possible sir

    ReplyDelete

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