Requirement of furnishing statement of payment along with return of income – Limit raised to Rs. 1,000 – Mode of compliance under sub-section (4)
Circular: No. 223 [F. No. 220/13/77-IT(A-II], dated 15-6-1977.
1. Under section 133(4), the Income-tax Officer, the Appellate Assistant Commissioner, or the Inspecting Assistant Commissioner may, for the purposes of this Act, require any assessee to furnish a statement of the names and addresses of all persons to whom he has paid in any previous year rent, interest, commission, royalty or brokerage, or any annuity, not being annuity taxable under the head “Salaries” amounting to more than four hundred rupees, together with particulars of all such payments made.