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The Central Board of Direct Taxes amends the Income-tax Rules, 1962. The rules apply to assessment years 2020-21 and 2021-22 in sub-rule (3B) of rule 10TD. The rules come into force from the 1st day of April, 2021. No person suffers adverse effects from the retrospective effect.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th September, 2021 INCOME-TAX
G.S.R. 661(E).—In exercise of the powers conferred by sub-section (2) of section 92CB 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:___
(2) They shall be deemed to have come into force from the 1st day of April, 2021.
[Notification No. 117/2021/F. No. 370142/44/2021-TPL] NEHA SAHAY, Under Secy. (Tax Policy and Legislation)
Explanatory Memorandum : It is hereby certified that no person is being adversely affected by giving retrospective effect to these rules.
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 were last amended vide notification number GSR 627 (E) dated the 13th September, 2021.
