Income-tax (23rd Amendment) Rules, 2020. - 84/2020 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION NO. 84/2020 New Delhi, the 22nd October, 2020 G.S.R. 664(E) .-In exercise of the powers conferred by sub-section (1) of 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 (23 rd Amendment) Rules, 2020. (2) They shall come into force from the 1st day of April, 2021. 2. In the Income-tax Rules, 1962 , in rule 67, in sub-rule (2), (i) in the fifth proviso, for the letters AA , the letter A shall be substituted; (ii) in the eighth proviso, for the letters, AA , the letter A shall be substituted; and (iii) in the eleventh proviso, for the letters, AA occurring at both the places, the letter A shall be substituted. [F. No. 370149/76/2019-TPL] GUDRUN NEHAR, Director (TPL-II) 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 No.610 (E) dated 1st October, 2020. Explanatory Memorandum Notification No.84 /2020, dated 22 October, 2020 Vide Notification No. 84 /2020, dated 22 October, 2020, Rule 67 of the Income-tax Rules, 1962 has been amended. The said amendment shall be effective from Assessment Year 2021-22 and subsequent years.