CBDT inserts two new rules after Rule 21AH and two new forms after Form No.10IF



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The CBDT has introduced two new rules, 21AI and 21AJ, along with two new forms, 10IG and 10IH, to the Income-tax Rules, 1962. These amendments aim to clarify the computation of exempt income for specified funds and the determination of income attributable to units held by non-residents. The new rules provide specific formulas and require the filing of annual statements to ensure compliance.

The CBDT has notified a new set of rules to amend the existing Income-tax Rules, 1962 which shall come into force as on the date of its publication in the Official Gazette. The aim of this amendment is to insert two new rules after rule 21AH and two new forms after Form No.10IF, namely: - 21AI. C
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PCS at Tanveer Saluja & Associates

Practicing Company Secretary at Tanveer Saluja Associates

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