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The Central Board of Direct Taxes amends the Income-tax Rules, 1962, to require Permanent Account Number details in Form 10A. The rules apply to trusts and institutions seeking registration under section 12A of the Income-tax Act, 1961. Form 10A requires details of the authors, founders, trustees, and managers. The required details include the name, address, and Permanent Account Number for every listed person. The rules come into force on the date of publication in the Official Gazette.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th August, 2016 INCOME-TAX
S.O. 2671(E).— In exercise of the powers conferred by section 295 read with clause (aa) of sub- section (1) of section 12A 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:—
(i) for item 4, following item shall be substituted, namely:— “4. Details of the author(s)/ founder(s):— Sl. No. Name Address Permanent Account Number (PAN) .”;
(ii) for item 6, following item shall be substituted, namely:- “6. Details of the trustee(s)/ manager(s):- Sl. No. Name Address Permanent Account Number (PAN) .”.
[Notification No. 67/2016/F. No. 370142/22/2016-TPL] NIRAJ KUMAR, Under Secy.
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 was last amended vide notification number S.O. 2226(E), dated the 28.06.2016.
