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The Central Board of Direct Taxes amends the Income-tax Rules, 1962 to extend the time limit for filing Form No. 3CEDA and proof of payment of additional fee for advance pricing agreements. The rules apply to applicants who file an application on or before the 31st day of March, 2015, or who enter into an agreement on or before that date. The affected parties must file the form on or before the 30th day of June, 2015, or before the date of entering into the agreement, whichever is earlier, for applications filed by the cutoff date. Parties who enter into an agreement by the cutoff date may also file the form by the 30th day of June, 2015, and the agreement may be revised to provide for a rollback provision.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES]
Notification
New Delhi, the 1st day of April, 2015
INCOME-TAX
S.O. 915(E).- In exercise of the powers conferred by sub-sections (9) and(9A) of section 92CC 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:-
“Provided that in a case where an application has been filed on or before the 31st day of March, 2015, Form No. 3CEDA along with proof of payment of additional fee may be filed at any time on or before the 30th day of June, 2015 or the date of entering into the agreement whichever is earlier: Provided further that in a case where an agreement has been entered into on or before the 31st day of March, 2015, Form No. 3CEDA along with proof of payment of additional fee may be filed at any time on or before the 30th day of June, 2015 and, notwithstanding anything contained in rule 10Q, the agreement may be revised to provide for rollback provision in the said agreement in accordance with this rule.”
[Notification No. 33/2015/ F.No.142 /14/2014-TPL]
(Amit Katoch) Under Secretary (Tax Policy and Legislation-I)
Note. - The principal rules were published vide notification number S.O.969 (E), dated the 26th March, 1962 and last amended by Income-tax (Third Amendment) Rules, 2015 vide notification number S.O. 758(E), dated 14-03-2015.
