Income-tax (6th Amendment) Rules, 2020

Last updated: 29 February 2020

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The Ministry of Finance has issued the Income-tax (6th Amendment) Rules, 2020, which come into effect from 1st April 2020. These rules amend the Income-tax Rules, 1962, specifically concerning the definition of 'unauthorised colony'. The amendment aligns this definition with that provided in the National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 17th February, 2020

INCOME-TAX

G.S.R. 124(E).—In exercise of the powers conferred by clause (XI) of the proviso to clause (x) of sub-section (2) of section 56 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government, 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 Amendment (6th Amendment), Rules, 2020. (2) They shall come into force from the 1st day of April, 2020.

2. In the Income-tax Rules, 1962, in rule 11UAC, in the Explanation, for clause (b), the following clause shall be substituted, namely:—

‘(b) “unauthorised colony” shall have the same meaning as assigned to it in clause (b) of section 2 of the National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019 (45 of 2019)’.

[Notification No. 12/2020/F. No. 370142/29/2019-TPL]

GUDRUN NEHAR, Director (Tax Policy and Legislation)

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 969(E), dated the 26th March, 1962 and last amended vide notification number G.S.R. 112(E), Dated 13.02.2020.

FAQ :

These rules come into force from the 1st day of April, 2020.

The main change is the substitution of clause (b) in the Explanation of rule 11UAC of the Income-tax Rules, 1962, which relates to the definition of 'unauthorised colony'.

The new definition of 'unauthorised colony' is taken from clause (b) of section 2 of the National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019.

These rules further amend the Income-tax Rules, 1962.