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Income-tax (23rd Amendment) Rules, 2000 - S.O. 1049 (E) - Income TaxExtract MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 11562 New Delhi, the 24th November, 2000 INCOME-TAX S.O. 1049 (E). -In exercise of the powers conferred under section 295 read with clause (10C) of section 10 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 (23rd Amendment) Rules, 2000. (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 2BA ,- (A) Below sub-clause (viii), (i) in the first line, after the words, at the time of his voluntary retirement , the words or voluntary separation shall be inserted; (ii) in the fourth line, after the words, as the case may be , the words and letter or if the scheme of voluntary separation framed by a public sector company , shall be inserted; (B) in the requirement (iii), in the first line, after the words, voluntary retirement, the words or voluntary separation shall be inserted; (C) in the requirement (iv), in the first line, after the words, voluntary retirement , the words or voluntary separation shall be inserted; (D) in the requirement (vi), in the first line, after the words, voluntary retirement , the words or voluntary separation shall be inserted; and (E) below the requirements listed from (i) to (vi) and before the Explanation, the following proviso shall be inserted, namely:- Provided that requirement of (i) above would not be applicable in case of amount received by an employee of a public sector company under the scheme of voluntary separation framed by such public sector company. [F. No. 142/51/2000-TPL] RAHUL NAVIN, Under Secy.
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