notification 11 date of issue 19/2/2013 notification 11 date of issue 19/2/2013

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii) of dated the 19th February, 2013] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 19th February, 2013 NOTIFICATION INCOME-TAX S.O.410 (E).— In exercise of the powers conferred by 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 (2nd Amendment) Rules, 2013. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, (hereinafter referred to as the said rules) in rule 31A,— (a) in sub-rule (3),— (A) in clause (i), for item (b), the following items shall be substituted, namely:— “(b) furnishing the statement electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5); (c) furnishing the statement electronically along with the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5)”; (B) in clause (ii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted; (C) in clause (iii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted; (b) after sub-rule (3), the following sub-rule shall be inserted, namely:— “(3A) A claim for refund, for sum paid to the credit of the Central Government under Chapter XVII-B, shall be furnished by the deductor in Form 26B electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5).”; (c) in sub-rule (4), after clause (vii), the following clause shall be inserted, namely:— “(viii) furnish particulars of amount paid or credited on which tax was not deducted in view of the notification issued under sub-section (1F) of section 197A.”; (d) for sub-rule (5), the following sub-rule shall be substituted, namely:— “(5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements or claim for refund in Form 26B and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements or claim for refund in Form 26B in the manner so specified.”. 3. in rule 31AA of the said rules,— (a) in sub-rule (3),— (A) in clause (i), for item (b), the following items shall be substituted, namely:— “(b) furnishing the statement electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5); (c) furnishing the statement electronically along with the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5);”; (B) in clause (ii), for the words, brackets and letters “item (b) of clause (i)” the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted; (C) in clause (iii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted; (b) in sub-rule (4), after clause (iv), the following clause shall be inserted, namely:— “(v) furnish particulars of amount received or debited on which tax was not collected in view of the furnishing of declaration under sub-section (1A) of section 206C by the buyer. ”; (c) for sub-rule (5), the following sub-rule shall be substituted, namely:— “(5)    The  Director  General  of  Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements in the manner so specified.”. 4. For rule 31ACB of the said rules, the following rule shall be substituted, namely:— “31ACB. Form for furnishing certificate of accountant under the first proviso to sub- section (1) of section 201.— (1) The certificate from an accountant under the first proviso to  sub‐section (1) of section 201 shall be furnished in Form 26A to the Director General of Income‐ tax  (Systems)  or  the  person  authorised  by  the  Director  General  of  Income‐tax  (Systems)  in  accordance  with  the  procedures,  formats  and  standards  specified  under  sub‐rule  (2),  and  verified in accordance with the procedures, formats and standards specified under sub‐rule (2).  (2) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the Form 26A and be responsible for the day-to-day administration in relation to furnishing and verification of the Form 26A in the manner so specified.”. 5. For rule 37J of the said rules, the following rule shall be substituted, namely:— “37J. Form for furnishing certificate of accountant under the first proviso to sub-section (6A) of section 206C.— (1) The certificate from an accountant under the first proviso to sub- section (6A) of section 206C shall be furnished in Form 27BA to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) in accordance with the procedures, formats and standards specified under sub-rule (2) and verified in accordance with the procedures, formats and standards specified under sub-rule (2). (2) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the Form 27BA and be responsible for the day-to-day administration in relation to furnishing and verification of the Form 27BA in the manner so specified.”. 6. In Appendix-II of the said rules,— (a) for Form No.15G, the following Form shall be substituted, namely:— No. of  shares Total value  of shares Amount of securities Amount of   sums given  on interest Rate of  interest Number of  units SCHEDULE‐II (Details of the securities held in the name of  declarant and beneficially owned by him) Description of  securities Number of securities Date(s) of  securities  (dd/mm/yyyy) Date(s) on which the securities were  acquired by the declarant(dd/mm/yyyy) SCHEDULE‐III (Details of the sums given by the  declarant on interest) Name and address of the  person to whom the sums are  given on interest Date on which the sums were given on  interest(dd/mm/yyyy) Period for which sums were  given on interest Income in respect of  units SCHEDULE‐IV (Details of the mutual fund units held in the name of  declarant and beneficially owned by him) SCHEDULE‐V Name and address of the  mutual fund Class of units and face value of each  unit Distinctive number of units The amount of withdrawal referred to in section 80CCA(2)(a)  from National Savings Scheme  referred to in ScheduleV  Interest on securities referred to in Schedule II Income form units referred to in Schedule  IV Class of shares &  face value of each  share Distinctive numbers of the shares Dividend from shares referred to in Schedule I 17. Present Ward/Circle 20. Present AO Code (if not same as  above) 18. Residential Status ( within the  meaning of Section 6 of the Income Tax  Act,1961) 15. Email  (Please tick the relevant box) 19. Name of Business/Occupation 16. Telephone No. (with STD Code) and Mobile No. 21. Jurisdictional Chief Commissioner of Income‐tax or Commissioner of Income‐tax (if not assessed to  Income‐tax earlier) AO No. 22. Estimated total income from the sources mentioned below: Particulars of the Post Office where the account under the National Savings Scheme  is maintained and the account number Date on which the account  was opened(dd/mm/yyyy) The amount of  withdrawal from the  account 24. Details of investments in respect of which the declaration is being made: (Details of the withdrawal made from National Savings Scheme) AO No. 9. Area/Locality 8. Road/Street/Lane 11. Town/City/District 12. State 14. Last Assessment Year in which  assessed "FORM NO. 15G [See section 197A(1),  197A(1A) and rule 29C] PART I 7. Assessed in which Ward/Circle Declaration under section 197A(1) and section 197A(1A) of the Income‐tax Act, 1961 to be made by an individual or a person (not being a company or firm) claiming  certain receipts without deduction of tax. 6. #Status  4. Flat/Door/Block No. 5. Name of Premises 23. Estimated total income of the previous year in which income mentioned in Column 22 is to be included SCHEDULE‐I (Details of shares, which stand in the name of the declarant and beneficially owned by him) Date(s) on which the shares were acquired by the  declarant(dd/mm/yyyy) 2. PAN of the Assessee 3. Assessment Year                                                                        ( for which declaration is being made) 13. PIN Interest on sums referred to in Schedule III Area Code AO Type Range Code AO Type Range Code 1. Name of Assessee (Declarant) 10. AO Code(under whom assessed last  time) Area Code Place: Date: Place: Date: Notes: 1. 2. 3. 4. 5. i) ii) 6. **Signature of the Declarant 12. Date of declaration, distribution or payment of dividend/withdrawal under the  National Savings Scheme(dd/mm/yyyy) 13. Account Number of National Saving Scheme from which withdrawal has  been made 8. Date on which Declaration is Furnished  (dd/mm/yyyy) 9. Period in respect of which the dividend has been  declared or the  income has been paid/credited 10. Amount of income paid 11. Date on which the income  has been paid/  credited(dd/mm/yyyy) 1. Name of the person responsible for paying the income referred to in Column 22 of Part I 3. Complete Address ………………………………………. Declaration/Verification *I/We………………………………do hereby declare that to the best of *my/our knowledge and belief what is stated above is correct, complete and is truly stated. *I/We  declare that the incomes referred to in this form are not includible in the total income of any other person u/s 60 to 64 of the Income‐tax Act, 1961. *I/We further,  declare that the tax *on my/our estimated total income, including *income/incomes referred to in Column 22 above, computed in accordance with the provisions  of the Income‐tax Act, 1961, for the previous year ending on .................... relevant to the assessment year ..................will be nil. *I/We also, declare that *my/our  *income/incomes referred to in  Column 22 for the previous year ending on .................... relevant to the assessment year .................. will not exceed the maximum  amount which is not chargeable to income‐tax. Signature of the Declarant ……………………………………………….. ……………………………………………….. ………………………………………………. Signature of the person responsible for   paying the income referred to in  Column 22 of Part I ………………………………………………… ……………………………………………………………. 6. Telephone No. (with STD Code) and Mobile No. 7. Status The declaration should be furnished in duplicate. Before signing the declaration/verification , the declarant should satisfy himself that the information furnished in this form is true, correct and complete in all  respects. Any person making a false statement in the declaration shall be liable to prosecution under 277 of the Income‐tax Act, 1961 and on conviction be  punishable‐ [For use by the person to whom the declaration is furnished] *Delete whichever is not applicable. #Declaration can be furnished by an individual under section 197A(1) and a person (other than a company or a firm) under section 197A(1A). The person responsible for paying the income referred to in column 22 of Part I shall not accept the declaration where the amount of income of the nature referred  to in sub‐section (1) or sub‐section (1A) of section 197A or the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the  previous year in which such income is to be included exceeds the maximum amount which is not chargeable to tax.";  In a case where tax sought to be evaded exceeds twenty‐five lakh rupees, with rigorous imprisonment which shall not be less than 6 months but which  may extend to seven years and with fine; In any other case, with rigorous imprisonment which shall not be less than 3 months but which may extend to two years and with fine. PART II 2. PAN of the person indicated in Column 1 of Part II 4. TAN of the person indicated in Column 1 of Part II Forwarded to the Chief Commissioner or Commissioner of Income‐tax………………………………………………………… ……………………………………………….. 5. Email  **Indicate the capacity in which the declaration is furnished on behalf of a HUF, AOP, etc. 7. Assessed in which Ward/Circle No. of  shares Total value  of shares Amount of  securities Amount of   sums given  on interest Rate of  interest Number of  units                                                           (Details of the withdrawal made from National  Savings Scheme) Range Code 8. Road/Street/Lane 13. PIN Interest on sums referred to in Schedule III 9. Area/Locality 14. Last Assessment Year in which assessed 17. Present Ward/Circle 12. State 3. Age 4. Assessment Year                                         (for which declaration is being made) 1. Name of Assessee (Declarant) 10. AO Code(under whom assessed last  time) Area Code AO No. 19. Present AO Code   (if not same as above) AO Type "FORM NO. 15H [See section 197A(1C) and rule 29C(1A)] PART‐I Declaration under section 197A(1C) of the Income‐tax Act, 1961 to be made by an individual who is of the age of sixty years or more claiming certain receipts  without deduction of tax. 5. Flat/Door/Block No. 6. Name of Premises 2. PAN of the Assessee 18. Name of Business/Occupation 15. Email  16. Telephone No. (with STD Code) and Mobile No. 20. Jurisdictional Chief Commissioner of Income‐tax or Commissioner of Income‐tax(if not assessed  to Income‐tax earlier) 11. Town/City/District Range Code AO No. Income from units referred to in Schedule  IV AO Type Area Code 21. Estimated total income from the sources mentioned below Dividend from shares referred to in Schedule I Interest on securities referred to in Schedule II (Please tick the relevant box) SCHEDULE‐V Name and address of the  person to whom the sums are  given on interest SCHEDULE‐II Particulars of the Post Office where the account under the National  Savings Scheme is maintained and the account number Date on which the account was  opened(dd/mm/yyyy) The amount of  withdrawal from the  account Name and address of the  mutual fund SCHEDULE‐III (Details of the sums given by the  declarant on interest) SCHEDULE‐IV (Details of the mutual fund units held in the name of  declarant and beneficially owned by him) The amount of withdrawal referred to in clause (a) of sub‐section 2 of section 80CCA referred to in Schedule V  22. Estimated total income of the previous year in which income mentioned in Column 21 is to be included (Details of shares, which stand in the name of the declarant and beneficially owned by him) 23.Details of investments in respect of which the declaration is being made: Number of securities Description of  securities SCHEDULE‐I Date(s) of  securities  (dd/mm/yyyy) Date(s) on which the securities were acquired by the  declarant(dd/mm/yyyy) Class of shares &  face value of each  share Distinctive numbers of  the shares Date(s) on which the shares were acquired by the  declarant(dd/mm/yyyy)                         (b) for Form No.15H, the following Form shall be substituted, namely :—  Class of units and face  value of each unit Distinctive number of units Income in respect of  units Period for which such sums were  given on interest Date on which the sums were  given on interest(dd/mm/yyyy) (Details of the securities held in the name of  declarant and beneficially owned by him) Place: Date: Place: Date: Notes: 1. 2. 3. i) ii) 4. Before signing the verification , the declarant should satisfy himself that the information furnished in the declaration is true, correct and complete in all respects. Any person making a false statementin the declaration shall be liable to prosecution under 277 of the Income‐tax Act, 1961 and on conviction be punishable‐ [For use by the person to whom the declaration is furnished] *Delete whichever is not applicable. The person responsible for paying the income referred to in column 21 of Part I shall not accept the declaration where the amount of income of the nature referred to in section 197A(1C) or the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the previous year in which such income is to be included exceeds the maximum amount which is not chargeable to tax and deduction(s) under Chapter VI‐A, if any, for which the declarant is eligible."; In a case where tax sought to be evaded exceeds twenty‐five lakh rupees, with rigorous imprisonment which shall not be less than 6 months but which may extend to seven years and with fine; In any other case, with rigorous imprisonment which shall not be less than 3 months but which may extend to  two years and with fine. PART II 2. PAN of the person indicated in Column 1 of Part II 4. TAN of the person indicated in Column 1 of Part II Forwarded to the Chief Commissioner or Commissioner of Income‐tax………………………………………………………… ……………………………………………….. 5. Email  The declaration should be furnished in duplicate. 6. Telephone No. (with STD Code) and Mobile No. 7. Status Declaration/Verification Signature of the Declarant ……………………………………………….. ……………………………………………….. ………………………………………………. Signature of the person responsible for paying the income referred to in Column 21 of Part I ……………………………………………………. ……………………………………………………………. 3. Complete Address I……………………………….do hereby declare that I am resident in India within the meaning of section 6 of the Income‐tax Act, 1961. I also, hereby declare that to the best of my knowledge and belief what is stated above is correct, complete and is truly stated and that the incomes referred to in this form are not includible in the total income of any other person u/s 60 to 64 of the Income‐tax Act, 1961. I further, declare that the tax on my estimated total income, including *income/incomes referred to in column 21 computed in accordance with the provisions of the Income‐tax Act, 1961, for the previous year ending on .................... relevant to the assessment year ..................will be nil. ……………………………………………………………. Signature of the Declarant 12. Date of declaration, distribution or payment of  dividend/withdrawal under the National Savings  Scheme(dd/mm/yyyy) 13. Account number of National Savings Scheme from which withdrawal has been made 8. Date on which declaration is furnished  (dd/mm/yyyy) 9. Period in respect of which the dividend has been  declared or the  income has been paid/credited 10. Amount of income paid 11. Date on which the  income has been paid /  credited(dd/mm/yyyy) 1. Name of the person responsible for paying the income referred to in Column 21 of Part I