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TMI BlogIncome-tax (15th Amendment) Rules, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... 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, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, after rule 10CA, the following rule shall be inserted, namely:- '10CB. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee under section 92CD ; (iv) from the due date of filing of return under sub-section (1) section 139 of the Act in the case of option exercised by the assessee as per the safe harbour rules under section 92CB;or (v) from the due date of filing of return under sub-section (1) section 139 of the Act in the case of an agreement made under the mutual agreement procedure under a Double Taxati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eaning assigned to it in section 92B of the Act.' [F.No.370142/12/2017 -TPL] PITAMBAR DAS, Director (Tax Policy And Legislation) Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 969 (E), dated the 26th March, 1962 and last amended by the Income-tax (14th Amendment) Rules, 2017, vide notification n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within the prescribed time limit. In order to provide for an uniform treatment in respect of various types /situations of primary adjustments as referred to in sub-section(1) of section 92CE, it prescribes for a time limit of 90 days for repatriation of excess money . With regard to the rate of interest to be computed in the case of failure to repatriate the excess money within the prescribed ti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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