notification no. 34/2023 f. no. 370142/13/2023 tpl / gsr 399 e income tax 7th amendment rules 2023

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, 30th May, 2023 INCOME-TAX G.S.R. 399(E).—In exercise of the powers conferred by clauses (i), (ii), (iii) and (iv) of the first proviso to sub-section (5) of section 80G and the third proviso to sub-section (5) of section 80G 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 (7th Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in rule 11AA, for sub-rule (7), the following sub-rule shall be substituted, namely:- “(7) ̶̶In ̶̶case ̶̶of ̶̶an ̶̶application ̶̶made ̶̶under ̶̶clause ̶̶(iv) ̶̶of ̶̶the ̶̶first ̶̶proviso ̶̶to ̶̶sub-section (5) of section 80G of the Act, the provisional approval shall be effective from the assessment year relevant to the previous year in which such application ̶̶is ̶̶made.”. [Notification No. 34/2023/ F. No. 370142/13/2023-TPL] VIPUL AGARWAL, Director (Tax Policy and Legislation) 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 26th March, 1962 and were last amended vide notification number G.S.R. 396 (E) dated 29th May, 2023. 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.