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[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
3
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 16th October, 2024
G.S.R. 645(E).—In exercise of the powers conferred by section 295 read with section 206C 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 (Ninth Amendment) Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
2.
In the Income-tax Rules, 1962,––
(a) in rule 31AA, in sub-rule (4),—
(i)
in clause (vi),–
(A) in sub-clause (b), for the words “fourth proviso”, the words “fifth proviso” shall be
substituted;
(B) in sub-clause (c), for the words “fifth proviso”, the words “sixth proviso” shall be
substituted;
(ii)
in clause (vii), for the word, figures and letter “section 206C.” occurring at the end, the word,
figures and letter “section 206C;” shall be substituted;
(iii) after clause (vii), the following clause shall be inserted, namely:–
“(viii) furnish particulars of amount received or debited on which tax was not collected or tax was
collected at a lower rate in view of any notification issued under sub-section (12) of section
206C.”;
(b) in rule 37-I,—
(i)
in sub-rule (1), after the words “has been collected”, the brackets and words “(hereinafter referred
to as the collectee)” shall be inserted;
(ii)
after sub-rule (1), the following sub-rule shall be inserted, namely: ––
“(1A) (a) Where under any provisions of the Act, the income of the collectee is assessable in the
hands of any person other than the collectee, the credit for the tax collected at source, shall be
given to such other person and not to the collectee:
Provided that the collectee shall file a declaration with the collector and the collector shall report
the tax collection in the name of the other person in the information relating to collection of tax referred
to in sub-rule (1).
(b) The declaration filed by the collectee under the proviso to clause (a) shall contain the name,
address, permanent account number of the person to whom credit for the tax collectible at source
is to be given, amount of payment in relation to which credit is to be given and reasons for giving
credit to such person.
(c) The collector shall issue the certificate for collection of tax at source under sub-section (3) of
section 206C of the Act, in the name of the person in whose name credit is shown in the information
relating to collection of tax referred to in sub-rule (1) and shall keep the declaration in his safe
custody.”;
(c)
in Form No. 27EQ, in the Annexure, after Verification, in the Notes, after Note 8, the following
Note shall be inserted, namely:–
'8A. Write “J” if no collection or lower collection is in view of notification issued under sub-section
(12) of section 206C.'.
[No. 114/2024/F. No. 370142/21/2024-TPL]
KHUSHBOO LATHER, Under Secy.
Note : The Income-tax Rules, 1962 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 were last amended vide notification
number G.S.R 639 (E), dated the 15th October, 2024.
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. SARVESH KUMAR
SRIVASTAVA
Digitally signed by SARVESH
KUMAR SRIVASTAVA
Date: 2024.10.16 18:20:12 +05'30'
