TMI BlogIncome-tax (Second Amendment) Rules, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... read with 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. (1) These rules may be called the Income-tax (Second Amendment) Rules, 2018. (2) They shall be deemed to have come into force with effect from the 1st day of April, 2018. 2. In the Income-tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... accordance with provisions of section 5A; ; (III) in clause (c), for the words derived from a proprietory , the words under the head shall be substituted; (IV) in clause (d), for the words deriving income from a proprietory , the words having income under the head shall be substituted; (b) in sub-rule (5), for the figures 2016 , the figures 2017 shall be substituted. 3. In the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irst Amendment) Rules, 2018, vide notification number GSR 176 (E), dated 19th February, 2018 . Explanatory Memorandum: By giving retrospective effect to the amendment rules, no one will be adversely affected and the retrospectivity is being given to the present rules as these are applicable for the assessment year commencing on the 1st day of April, 2018 i.e. Assessment Year 2018-19. - Noti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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