Income-tax (Thirty-first Amendment) Rules, 1999

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..... me-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 (Thirty-first Amendment) Rules, 1999. (2) They shall be deemed to have come into force on the 1 st day of April, 1997. 2. In the Income-tax Rules, 1962 , in rule 6DD , for the .....

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..... of the Income-tax Rules, 1962 prescribes the cases and circumstances in which payments in a sum exceeding the limit fixed under section 40 A(3), may be made otherwise than by a crossed cheque drawn on a bank or a crossed bank draft. However, the limit of rupees twenty thousand has not been incorporated in the said rule. The limit, as per the rule continued to be rupees ten thousand. It is ther .....

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