notification no. 105/2022 f. no. 370142/38/2022 tpl part i / gsr 677 e income tax 29thamendment rules 2022

MINISTRY OF FINANCE (department of revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, 1st September, 2022 INCOME-TAX G.S.R. 677(E).—In exercise of the powers conferred by section 139A 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. Short title and commencement.–– (1) These rules may be called the Income-tax (29thAmendment) Rules, 2022. (2) They shall be deemed to have come into force from the 9th day of July, 2022. 2. In the Income-tax Rules, 1962, in rule 114BB, after sub-rule (1), the following proviso shall be inserted, namely: — ―Provided that the provisions of this sub-rule shall not apply in a case where the person, depositing the money as per Sl. No. 1 of column (2) or withdrawing money as per Sl. No. 2 of column (2) or opening a current account or cash credit account as per Sl. No. 3 of column (2) of the Table above, is the Central Government, the State Government or the Consular Office.‖. [Notification No. 105/2022/F. No. 370142/38/2022-TPL-Part-I] SHEFALI SINGH, Under Secy. Explanatory Memorandum : It is hereby certified that by giving retrospective effect to the present notification, no person will be adversely affected in this regard. Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii) vide number S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification number G.S.R. 647 (E) dated 26th August, 2022. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.