Income-tax

Last updated: 01 February 2020

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The Central Board of Direct Taxes has issued amendments to the Income-tax Rules, 1962, through the Income-tax (3rd Amendment) Rules, 2020. These amendments, which came into effect upon publication in the Official Gazette, are made under the powers granted by various sections of the Income-tax Act, 1961. The notification details changes related to sections such as 13A, 35AD, 40A, and others.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 29th January, 2020

Income-tax

G.S.R. 56(E).—In exercise of the powers conferred by section 295 read with section 13A, section 35AD, section 40A, section 43, section 43CA, section 44AD, section 50C, section 56, section 80JJAA, section 269SS, section 269ST and section 269T 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. Short Title and commencement.— (1) These rules may be called the Income-tax (3rd Amendment) Rules, 2020.

(2) Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette.

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FAQ :

These rules are called the Income-tax (3rd Amendment) Rules, 2020.

These rules come into force on the date of their publication in the Official Gazette, unless otherwise specified within the rules themselves.

This notification was issued by the Central Board of Direct Taxes, under the Ministry of Finance (Department of Revenue).

These rules further amend the Income-tax Rules, 1962, and are made in exercise of the powers conferred by various sections of the Income-tax Act, 1961.

The notification mentions sections 13A, 35AD, 40A, 43, 43CA, 44AD, 50C, 56, 80JJAA, 269SS, 269ST, and 269T.