Income-tax (26th Amendment) Rules, 2021

Last updated: 07 September 2021

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The Central Board of Direct Taxes has issued the Income-tax (26th Amendment) Rules, 2021. These rules, effective from their publication date, introduce a new rule, 14C. This new rule clarifies the prescribed manner of authenticating electronic records using an electronic verification code. Specifically, if an assessee or another person submits an electronic record by logging into their registered account on the designated Income-tax Department portal, it will be considered authenticated via the electronic verification code.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 6th September, 2021

G.S.R. 616(E). - In exercise of the powers conferred by sub-clause (b) of clause (i) of sub-section (7) of section 144B 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 (26th 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, after rule 14B, the following rule shall be inserted, namely:-

'14C. Prescribed manner of authentication of an electronic record under electronic verification code under sub-clause (b) of clause (i) of sub-section (7) of section 144B.- For the purposes of sub-clause (b) of clause (i) of sub-section (7) of section 144B, where an assessee or any other person submits an electronic record by logging into his registered account in designated portal of the Income-tax Department, it shall be deemed that the electronic record has been authenticated under electronic verification code.

Explanation.- For the purposes of this rule, "designated portal" shall have the same meaning as assigned to it in in clause (i) of the Explanation below to section 144B'.

[Notification No. 101 /2021/F.No. 370142/35/2021-TPL (Part-I)]

SHEFALI SINGH, Under Secy., Tax Policy and Legislation

Note : The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and last amended vide notification GSR 612(E), dated the 02nd September, 2021.

FAQ :

These are new rules introduced by the Central Board of Direct Taxes to further amend the Income-tax Rules, 1962, focusing on the authentication of electronic records.

The Income-tax (26th Amendment) Rules, 2021, come into force from the date of their publication in the Official Gazette.

The main change is the introduction of Rule 14C, which specifies how an electronic record is authenticated using an electronic verification code when submitted through the Income-tax Department's designated portal.

An electronic record is deemed authenticated under the electronic verification code if the assessee or another person submits it by logging into their registered account on the designated portal of the Income-tax Department.

The 'designated portal' has the same meaning as assigned to it in clause (i) of the Explanation below section 144B of the Income-tax Act.