Tag Archives: Form 27C

Form 27C Download

By | May 2, 2016

Form 27C [See rule 37C] Declaration under sub‐section (1A) of section 206C of the Income‐tax Act, 1961 to be made by a buyer for obtaining goods without collection of tax Click for Form 27C Download   Note for Form 27C The declaration should be furnished in duplicate.

Section 206C Seller Need not take the Declaraton in Form 27C from buyer at moment of sales

By | October 16, 2015

Facts of the Case :- Assessing Officer opined that when it effected sale of wood pulp, assessee was obliged to collect tax at source under section 206C . He thus, concluded that assessee was in default for short collection within meaning of section 206C(6A) . HELD since as per section 206C(IB), obligation of assessee to… Read More »