[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]
New Delhi, the 17th day of October, 2011
S.O.2394(E).- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (7th Amendment) Rules, 2011.
(2) They shall come into force on the 1st day of November, 2011.
2. In the Income-tax Rules, 1962,-
((A) in rule 114, -
(a) in sub-rule (1), after the words, figures and letter “Form 49A”, the words, figures and letters, “ or 49AA , as the case may be” shall be inserted;
(b) in sub-rule (3),-
(i) for the words “accounting year” wherever they occur, the words “financial year” shall be substituted;
(ii) after item (iii), the following item shall be inserted, namely:-
“ (iv) in the case of a person who is entitled to receive any sum or income or amount , on which tax is deductible under Chapter XVIIB in any financial year, before the end of such financial year.”;
(c) in sub-rule (4), for the words “Table below shall be accompanied by documents mentioned in Column 3” the words “ Table below shall be filed in Forms mentioned in Column 3 and shall be accompanied by the documents mentioned in Column 4” shall be inserted ;
(d) For the Table, the following Table shall be substituted, namely : -
Check the Attached file for Details.