the Income-tax (Ninteenth Amendment) Rules, 1998 - S.O. 902(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 10722 New Delhi, the 13th October, 1998 INCOME-TAX S.O. 902(E). - In exercise of the powers conferred by section 80GG of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rule further to amend the Income-tax Rule, 1962 , namely:- 1. (1) These rules may be called the Income-tax (Ninteenth Amendment) Rules, 1998; (2) They shall come into force on their publication in the Official Gazette. 2. In the Income-tax rules, 1962 , the following rule 11B shall be inserted after rule 11AA ; namely- RULE 11B- CONDITIONS FOR ALLOWANCE FOR DEDUCTION UNDER SECTION 80GG. The deduction to be allowed under section 80GG in respect of any expenditure incurred by an assessee towards payment of rent for any furnished or un-furnished accommodation occupied by him for the purposes of his own residence shall be allowed subject to the condition that the assessee files the declaration in Form No. 10BA. 3. In Appendix II to the Income-tax Rules, 1962 , after form no. 10 B, following FORM NO. 10BA shall be inserted, namely:- FORM NO. 10BA (See rule 11B) DECLARATION TO BE FILED BY THE ASSESSEE CLAIMING DEDUCTION U/S 80GG I/We .. (Name of the assessee with permanent account number) do hereby certify that during the previous year I/We had occupied the premise (full address of the premise) for the purpose of my/our own residence for a period of months and have paid Rs in cash/through crossed cheque, bank draft towards payment of rent to Shri/Ms./M/s (name and complete address of the landlord). It is further certified that no other residential accommodation is owned by : (a) me/my spouse/my minor child/our family (in case the assessee is HUF), at where I/we ordinarily reside/perform duties of office or employment or carry on business or profession, or (b) me/us at any other place, being accommodation in my occupation, the value of which is to be determined u/s 23(2)(a)(i)or u/s23(2)(b). [F. No. 142/47/98-TPL] SUNITI SRIVASTAVA, Under Secy. Note: - The principal rules were published vide notification No. S.O. 969(E), dated 26-3-1962 and were last amended vide notification No. S.O. 897(E), dated 12-10-98.