Income tax (32nd Amendment), Rules, 2021

Last updated: 26 November 2021

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The Central Board of Direct Taxes has issued the Income Tax (32nd Amendment) Rules, 2021. These rules, effective from their publication date, introduce a revised Form No. 52A. This updated form is to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, for reporting the production of a cinematograph film.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 23rd November, 2021
INCOME-TAX

G.S.R. 831(E).- In exercise of the powers conferred by section 285B 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 the Income-tax Rules,1962, namely:-

1. Short title and commencement.- (1) These rules may be called the Income tax (32nd 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 Appendix II, for Form No. 52A, the following Form shall be substituted, namely:-

“FORM NO. 52A
[See rule 121A]
Statement to be furnished to the Assessing Officer under section 285B of the Income-tax Act,
1961, in respect of production of a cinematograph film

Verification
I ____, do hereby declare that what is stated above is true to the best of my knowledge and belief.
Verified today, the day of _____

Place:
Date:

Signature of the Authorised Signatory.”.

[Notification No. 132/2021/F. No.370142/55/2021-TPL]

SHEFALI SINGH, Under Secy. (TPL-IV)

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 number G.S.R. 713(E), dated the 01st October, 2021.

FAQ :

These are new rules made by the Central Board of Direct Taxes to further amend the Income-tax Rules, 1962, specifically concerning the reporting of cinematograph film production.

The Income Tax (32nd Amendment) Rules, 2021, come into force from the date of their publication in the Official Gazette.

The primary change is the substitution of the old Form No. 52A with a new version.

Form No. 52A is a statement to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, regarding the production of a cinematograph film.

These rules were issued by the Central Board of Direct Taxes, Ministry of Finance, Department of Revenue.