Circular
nrnayak/paradeep/iffco
Created: 10/08/2009 15:25
IFFCO-Paradeep

Circular Title:

Proforma for relief U/s 89(1) of Income Tax Act, 1961.*

Deptt./Section:

F & A*

Never Expired : Yes

We are enclosing here with the proforma for furnishing particulars of income for the financial years 2006-07 to 2008-09.The employees who desire to obtain the relief under section 89(1) of the Income Tax Act,1961 are required to fill up this proforma along with the photo copies of Assessment orders or Income Tax Returns filed by them for respective years.

Further on the subject matter, we are enclosing here with statement showing the Income Tax rates for the FY 2006-07 to 2009-10 to facilitate the employees to take decision for opting relief u/s 89(1). Please note that employees who have been assessed at less than 30 % rate in any one or more of the previous 3 years shall be benefited by the bifurcation of arrears.

Therefore, those employees who stand to benefit by availing the reabate U/s 89(1) of Income Tax Act as explained above may submit the required data in attached proforma in soft copy as well as hard copy on or before 20/08/09 to enable to us to work out the relief u/s 89(1) of the Income Tax Act, 1961 at the earliest.

A T Kansara
Joint General Manager (F & A )