9911796707
TMI BlogIncome-tax (15th Amendment) Rules, 2002X X X X Extracts X X X X X X X X Extracts X X X X ..... ules, 2002, except as respects things done or omitted to be done before such supersession, 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 (15th Amendment) Rules, 2002. (2) They shall be deemed to have come into force on the 23rd day of October, 2000. 2. In the Income-tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... published under Notification No.S.0.969 dated 26-3-1962 which has been amended from time to time, Uie last such amendment was made vide Notification No.331 (E) dated the 22st of March, 2002. EXPLANATORY MEMORANDUM Prior to the 1-4-2002 , under Rule 89 of the Income-tax Rules, 1962, the trustees of Approved Super Annuation Funds, were required to enter into a scheme of insurance with the Life ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... extent that such monies are not deposited or utilized, it has to be invested in Central Government securities, 2. Rules 89 and 101 of the Income-tax, Rules, 1962 was amended vide Notification No.S.0.331(E) dated 22nd of March, 2002, to provide that insurers, approved by the IRDA, are at par with LIC with regard to investment of pension funds under Rule 89 and Rule 101. This Notification was eff ..... X X X X Extracts X X X X X X X X Extracts X X X X
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