TMI BlogIncome-tax (eighth Amendment) Rules, 2021 - Amends Rule 6G. Report of audit of accounts to be furnished under section 44AB - Revision of Tax Audit Report in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... April, 2021 (INCOME-TAX) G.S.R. 246(E). In exercise of the powers conferred by section 44AB read with section 295 of the Income-tax Act (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 (eighth Amendment) Ru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d, namely: - 8A Whether the assessee has opted for taxation under section 115BA/115BAA/115BAB/ 115BAC/115BAD?. ; (ii) in PART-B, for clause 17,the following clause shall be substituted, namely:- 17. Where any land or building or both is transferred during the previous year for a consideration less than value adopted or assessed or assessable by any authority of a State Government ref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o excluding value of goodwill of a business or profession .. (cc) Adjusted written down value . ; (iv) in clause 32, for sub-clause (a), the following sub-clause shall be substituted, namely:- (a) Details of brought forward loss or depreciation allowance, in the following manner, to the extent available: Serial Number Assessment Yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eal pending then take assessed. ^To be filled in for assessment year 2021-2022 only. : (v) clause 36 shall be omitted. [F. No 370142/9/2018-TPL] ANKIT JAIN, Under Secy. (Tax Policy 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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