Income-tax (12th Amendment) Rules, 2016

Last updated: 07 May 2016

Notice Date : 05 May 2016

[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)

NOTIFICATION

New Delhi, the 5th May, 2016

INCOME-TAX

S.O. 1655 (E).‐ In exercise of the powers conferred by section 295 read with section 195 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 (12th Amendment) Rules, 2016. (2). They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in rule 29B, in sub-rule (2), the clause (iii) shall be omitted.

[Notification No.31/2016, F. No.370142/3/2016-TPL]

(PITAMBAR DAS)

DIRECTOR (TAX POLICY AND LEGISLATION)

Note: The principal rules were published in the Gazette of India vide notification number S.O.969(E), dated the 26th March, 1962 and last amended vide notification number S.O.1587 (E), dated the 29th April, 2016.