Notification No. 82/2021 [F. No. 370142/29/2021-TPL] / GSR 509(E)

Last updated: 29 July 2021

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The Central Board of Direct Taxes has issued Notification No. 82/2021, introducing the Income-tax (20th Amendment) Rules, 2021. These amendments, effective from their publication date, modify rule 12 of the Income-tax Rules, 1962. Specifically, changes have been made to sub-rule (1) concerning section 148 and sub-rule (5) where the year 2019 has been updated to 2020.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION
New Delhi, the 27th July 2021

G.S.R. 509(E).—In exercise of the powers conferred by section 139 and section 148 read with 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 Income-tax Rules, 1962, namely:- 1. Short title and commencement.—

(1) These rules may be called the Income-tax (20th Amendment) Rules, 2021.

(2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962, in rule 12,––

(a) in sub-rule (1), in the opening portion, for the words, brackets and figures ―or sub-section (1) of section 148‖, the words and figures ―or section 148‖ shall be substituted;

(b) in sub-rule (5), for the figure ―2019‖, the figure ―2020‖ shall be substituted.

[Notification No. 82 /2021/F. No. 370142/29/2021-TPL]

SHEFALI SINGH, Under Secy., Tax Policy and Legislation

Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (ii), vide number S.O. 969(E), dated the 26th March, 1962 and last amended vide notification GSR 472(E), dated the 07th July, 2021.

FAQ :

The purpose of Notification No. 82/2021 is to introduce the Income-tax (20th Amendment) Rules, 2021, which further amend the Income-tax Rules, 1962.

These amendments come into force from the date of their publication in the Official Gazette.

Rule 12 of the Income-tax Rules, 1962 has been amended.

In sub-rule (1) of rule 12, the words, brackets and figures 'or sub-section (1) of section 148' have been substituted with the words and figures 'or section 148'.

In sub-rule (5) of rule 12, the figure '2019' has been substituted with the figure '2020'.