This notification, G.S.R. 826(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on July 4, 2017, introduces the Income-tax 19th Amendment Rules, 2017. The amendment, which takes effect from the date of publication in the Official Gazette, modifies the Income-tax Rules, 1962. Specifically, it amends rule 29B, sub-rule 1, clause (i) and Form No. 15C by substituting "interest on securities" with "interest on securities other than interest payable on securities referred to in the proviso to section 193." The notification number is 592/2017, F. No. 370142/82017-TPL, and was issued by Lakshmi Narayanan, Under Secretary, Tax Policy and Legislation. The principal rules were initially published under notification number S.O. 969(E) on March 26, 1962, and last amended by notification G.S.R. 821(E), dated 03.07.2017.
Key Entities Referenced
Income-tax Act, 1961: A law that is being amended by the notification.
Central Board of Direct Taxes: The organization issuing the notification and making amendments to the rules.
Income-tax Rules, 1962: The rules being amended by this notification.
Income-tax 19th Amendment Rules, 2017: The title of the new rules introduced by this notification.
Section 295: Section of the Income-tax Act, 1961 conferring powers related to rules.
Section 195: Section of the Income-tax Act, 1961, related to deduction of tax at source.
New Delhi: The location where the notification was issued.
Ministry of Finance: The ministry under which the Department of Revenue and the Central Board of Direct Taxes operate.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (i)
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No. 592] NEW DELHI, TUESDAY, JULY 4, 2017/ASADHA 13, 1939
िव(cid:7275) म(cid:7074)ं ालय
(राजस्व िवभाग)
(केन्(cid:7076) ीय (cid:7079)त्य क्ष कर बोडर्)
अिधसूचना
नई िदल् ली, 4 जलु ाई,2017
आयकर
सा.का.िन. 826(अ)-—केन् (cid:7076)ीय (cid:7079)त् यक्ष कर बोडर्, आयकर अिधिनयम, 1961 (1961 का 43) की धारा 195 सपिठत
धारा 295 के (cid:7367)ारा (cid:7079)द(cid:7275) शिक् तय(cid:7298) का (cid:7079)योग करते हुए, आयकर िनयम, 1962 का और संशोधन करने के िलए िनम् निलिखत
िनयम बनाते ह,ै अथार्त् :—
1. (1) इन िनयम(cid:7298) का संिक्षप् त नाम आयकर (उ(cid:7382)ीसवाँ संशोधन) िनयम, 2017 ह ै।
(2) ये राजप(cid:7074) म(cid:7286) उनके (cid:7079)काशन की तारीख को (cid:7079)वृ(cid:7275) ह(cid:7298)गे ।
2. आयकर िनयम, 1962 (इसम(cid:7286) इसके पश् चात् मूल िनयम कहा गया ह)ै के िनयम 29ख के उपिनयम (1), खंड (i) म(cid:7286)
शब् द(cid:7298) “(cid:7079)ितभूितय(cid:7298) पर ब् याज” के स् थान पर “(cid:7079)ितभूितय(cid:7298) पर ब् याज (193 के परन् तुक म(cid:7286) िन(cid:7416)दष्र् ट (cid:7079)ितभूितय(cid:7298) पर संदेय ब् याज से
िभन् न)” शब् द(cid:7298), कोष् ठक(cid:7298) और अंक(cid:7298) को रखा जायेगा ।
3. उक् त िनयम(cid:7298) के (cid:7079)रूप संख् या 15ग म(cid:7286) शब् द(cid:7298) “(cid:7079)ितभूितय(cid:7298) पर ब् याज” जहां वे आते ह,(cid:7289) के स्थ ान पर “(cid:7079)ितभूितय(cid:7298) पर
ब् याज (धारा 193 के परन् तुक म(cid:7286) िन(cid:7416)दष्र् ट (cid:7079)ितभूितय(cid:7298) पर संदेय ब् याज से िभन् न)” शब् द(cid:7298), कोष् ठक(cid:7298) और अंक(cid:7298) को रखा जायेगा ।
[अिधसूचना सं. 59/2017/फा- स.ं 370142/8/2017-टीपीएल]
ल(cid:7023) मी नारायणन्, अवर सिचव (कर नीित और िवधान)
4137 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 1(i)]
िटप्प ण: मूल िनयम, भारत के राजप(cid:7074), असाधारण, भाग II, खंड 3, उपखंड (ii) म(cid:7286) अिधसूचना संख् या का. आ. 969(अ),
तारीख 26 माचर्, 1962 को (cid:7079)कािशत िकए गये थे और अिधसूचना संख् या सा.का.िन. 821(अ), तारीख
03.07.2017 को अंितम संशोधन िकया गया था ।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 4th July, 2017
INCOME-TAX
G.S.R. 826(E).—In exercise of the powers conferred by section 295 read with section 195 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 (19th 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 (hereafter referred to as the Principal rules), in rule 29B, in sub-rule (1), clause
(i), for the words “interest on securities” the words and brackets and figures “interest on securities (other than
interest payable on securities referred to in proviso to section 193)” shall be substituted.
3. In the principal rules, in Form No. 15C, for the words “interest on securities” the words, brackets and figures
“interest on securities (other than interest payable on securities referred to in the proviso to section 193)” shall
be substituted.
[Notification No. 59/2017/F. No. 370 142/8/2017-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. 969(E), dated the 26th March, 1962 and last amended vide notification number
G.S.R. 821(E), dated the 03.07.2017.
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