notification no. 35/2025 f. no. 370142/11/2025 tpl / gsr 252 e income tax eleventh amendment rules 2025

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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd April, 2025 G.S.R. 252(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 (Eleventh Amendment) Rules, 2025. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in Form No. 27EQ, in the Annexure, in the Notes thereto, in Note 11, in the table, after the row relating to “Collection at source on sale of motor vehicle”, the following shall be inserted, namely:–– “206C Collection at source on sale of wrist watch 6C MA 206C Collection at source on sale of art piece such as antiques, painting, sculpture 6C MB 206C Collection at source on sale of collectibles such as coin, stamp 6C MC 206C Collection at source on sale of yacht, rowing boat, canoe, helicopter 6C MD 206C Collection at source on sale of pair of sunglasses 6C ME 206C Collection at source on sale of bag such as handbag, purse 6C MF 206C Collection at source on sale of pair of shoes 6C MG 206C Collection at source on sale of sportswear and equipment such as golf kit, ski-wear 6C MH 206C Collection at source on sale of home theatre system 6C MI 206C Collection at source on sale of horse for horse racing in race clubs and horse for polo 6C MJ”. [No. 35/2025/F. No. 370142/11/2025-TPL] ASHISH KUMAR AGRAWAL, Dy. Secy. Note : The principal rules 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 221 (E), dated the 07th April, 2025. 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.