Rule 212: for the purposes of manufacturing, processing or producing articles or things and not for trading pu
Is rule Income-tax Act, 2025 ke section 394(2), section 394(1) ke under kisi term ya concept ka meaning batata hai. Tax filing, assessments, aur appeals ke dauran yeh terms samajhna zaroori hai.
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Bare law
Rule 212 - for the purposes of manufacturing, processing or producing articles or things and not for trading purposes, shall be in
212. (1) A declaration under section 394(2), certifying that the goods being purchased as referred to in section 394(1) [Table: Sl. Nos. 1 to 5] are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes, shall be in Form No. 127 and shall be verified in the manner indicated therein. (2) The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for collecting tax. (3) The person referre
Application for grant of certificates for deduction or collection of income-tax at any lower rates, or no deduction of income-tax.
Rule breakdown
212. (1) A declaration under section 394(2), certifying that the goods being purchased as referred to in section 394(1) [Table: Sl. Nos. 1 to 5] are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes, shall be in Form No. 127 and
Application for grant of certificates for deduction or collection of income-tax at any lower rates, or no deduction of income-tax.
Key takeaways
Legal Provision
Yeh rule section 394(2), section 394(1) ke under delegated legislation hai. Act ke relevant provisions ke saath iska alignment hona zaroori hai.
- section 394(2), section 394(1) ke under yeh rule framed hai
- Amendment time to time ho sakte hain
Definitions Clear
Terms ki sahi samajh compliance aur proceedings ke liye zaroori hai.
- Un-defined terms Act ke definitions se le jayein
- Interpretation context ke according vary kar sakti hai
Scope of Terms
Is rule ke under define kiye gaye terms section 394(2), section 394(1) ke under apply honge.
- Definitions uniform interpretation ke liye hai
- Disputes avoid karne ke liye sahi meaning use karein
Professional Advice
Complex provisions ko samajhne ke liye apne CA/CS se consult karein.
- CA se help lene se mistakes kam ho jati hain
- Accurate filing ke liye expert guidance zaroori hai
FAQs
Is rule section 394(2), section 394(1) ke under kaise aata hai?
Is rule Income-tax Act, 2025 ke section 394(2), section 394(1) ke under delegated legislation hai aur Income-tax Rules, 2026 ka part hai.
Is rule kab se applicable hoga?
Is rule 1st April, 2026 se applicable hoga. Jab tak koi amendment nahi aati, yeh current form mein valid rahegi.
Is rule ke under define kiye gaye terms kya hain?
Is rule ke under Income-tax Act, 2025 ke section 394(2), section 394(1) ke liye relevant terms aur unka meaning diya gaya hai.
Kya CA se help leni chahiye?
Complex provisions ko samajhne aur accurate compliance ke liye apne CA/CS se consult karein. Professional help mistakes kam karti hai.