29 October 2021
For loan loan disbursement, section 281 declaration for all the properties is required, does it has to be issued by jurisdictional AO or is there any format for it? If yes, then please share it with me.
29 October 2021
FORM NO.SEC/L/CER-5/1 FORMAT OF CERTIFICATE UNDER SECTION 281(1)(ii) OF THE INCOME-TAX ACT, 1961 OFFICE OF THE INCOME-TAX OFFICER __________________Address Ref. No. Dated : ___________________ CERTIFICATE UNDER SECTION 281(1)(ii) OF THE INCOME-TAX ACT, 1961 Permission is hereby granted to M/s ______________________________________ to obtain term loan of Rs.________________ lakhs from Indian Renewable Energy Development Agency Limited (IREDA) on the strength of mortgage of immovable assets and hypothecation of movable assets of the company. This certificate is issued at the express request of the company through its letter dated __________. Seal : ____________________ Signature of Income tax Officer