Home India Ministry of Finance In exercise of the powers conferred by section 295 of the In...
Date: 2017-06-02 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 295 of the Income tax Act

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Policy Summary** This notification, titled the "Income-tax 10th Amendment Rules, 2017," was issued by the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, on June 2, 2017. It amends the Income-tax Rules, 1962, specifically Rule 31, sub-rule (3). The amendment modifies the due date specified in the table against serial number 1, column 4, changing "31st day of May" to "15th day of June." This change pertains to a specific filing or compliance requirement under the Income-tax Act, 1961. The notification is issued in exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961). The rules take effect from the date of publication in the Official Gazette. The principal rules were initially published on March 26, 1962, vide notification number S.O. 962 (E) and last amended on May 2, 2017, vide notification number S.O. 1381 (E). For further information, contact Lakshmi Narayanan, Under Secretary, Tax Policy and Legislation, referencing F. No. 370142/172017-TPL. The Gazette notification number is G.S.R. 546(E).

Key Entities Referenced

Income-tax Act, 1961: The primary legislation being amended by this notification. Central Board of Direct Taxes: The organization issuing the notification and responsible for amending the rules. Income-tax Rules, 1962: The rules being amended by this notification. Income-tax 10th Amendment Rules, 2017: The name of the amendment rules introduced by this notification. Ministry of Finance: The government ministry under which the Central Board of Direct Taxes operates. Department of Revenue: The specific department within the Ministry of Finance responsible for these regulations. New Delhi: Location of the Central Board of Direct Taxes, Ministry of Finance. Lakshmi Narayanan: Under Secretary, Tax Policy and Legislation.
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REGD. NO. D. L.-33004/99 EXTRAORDINARY II— — (i) PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY 447] ज्य‍ ष्े ठ‍ No. 447] NEW DELHI, FRIDAY, JUNE 2, 2017/JYAISTHA 12, 1939 वित्त मंत्रालय (राजस्ि विभाग) (केन्द्रीय प्रत्यक्ष कर बोर्)ड अविसचू ना नई दिल्ली, 2 जून, 2017 आय-कर सा.का.वन. 546(अ).—केंरीय प्रत्यक्ष कर बोर्ड, आय-कर अविवनयम, 1961 (1961 का 43) की िारा 295‍द्वारा प्रित्त शवियों का प्रयोग करत े हुए, आय-कर वनयम, 1962 का और संशोिन करन ेके वलए वनम्नवलवित वनयम बनाता ह,ै अर्ाडत ्:-- 1. (1) इन वनयमों का संवक्षप्त नाम आय-कर (िसिां संशोिन) वनयम, 2017 ह ै। ‍‍ (2) ये‍उनके‍राजपत्र‍म‍ेंप्रकाशन‍की‍तारीि‍से‍प्रिृत्‍त होंग े । 2. आय-कर वनयम, 1962‍के वनयम 31‍के‍उपवनयम‍(3)‍म,ें ‍सारणी‍में‍क्रम‍सं.‍1‍के‍सामने,‍स्‍तंभ‍( )‍म,ें ‍“31‍मई”‍अंक‍ और‍शब्‍ि‍के‍स्‍र्ान‍पर‍“15‍जून”‍अंक‍और‍शब्‍ि‍रि‍ेजाएंगे‍।‍ [अविसूचना‍स.ं‍42/2017,‍फा.स.ं ‍3701 2/17/2017-टीपीएल] लक्ष्म‍ ी‍नारायणन, अिर‍सवचि‍(कर‍नीवत‍और‍वििान)‍ टटप्प‍ ण‍ ‍मलू ‍वनयम‍भारत‍के‍राजपत्र,‍असािारण,‍भाग‍II,‍िंर्‍3,‍उपिंर्‍(ii)‍म‍ें अविसूचना‍सं0‍का0आ0 962(अ),‍तारीि‍ 26‍माचड,‍1962‍द्वारा‍प्रकावशत‍दकए‍गए‍र्े‍और‍उनका‍अंवतम‍संशोिन‍अविसूचना‍सं0‍का0आ0 1381(अ),‍तारीि‍ 02.05.2017 द्वारा‍दकया‍गया‍र्ा‍। 3532 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd June, 2017 INCOME-TAX G.S.R. 546(E).—In exercise of the powers conferred by 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. (1) These rules may be called the Income-tax (10th Amendment) Rules, 2017. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in rule 31, in sub-rule (3), in the Table, against serial number 1, in column 4, for the figures, letters and words “31st day of May” the following figures, letters and words “ 15th day of June ” shall be substituted. [Notification No. 42 /2017, F.No.370142/17/2017-TPL] LAKSHMI NARAYANAN, Under Secy. (Tax Policy And Legislation) Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (ii) vide notification number S.O. 962 ( E), dated the 26th March, 1962 and last amended vide notification number S.O. 1381 (E), dated the 02.05.2017. 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.

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