Date: 2020-06-26Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by sub section 2 of section 115BAC 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 Rules1962 namely
This notification, G.S.R. 415(E), issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance on June 26, 2020, introduces the Income-tax (13th Amendment) Rules, 2020. These rules, which amend the Income-tax Rules, 1962, come into effect on April 1, 2021, and apply to the assessment year 2021-22 and subsequent assessment years. The amendment pertains to Section 115BAC, specifically regarding exemptions for employees who have exercised the option under subsection (5) of that section. Such employees are entitled to exemption only in respect of allowances mentioned in sub-clauses (a) to (c) of sub-rule (1) and at serial no. 11 of the Table below sub-rule (2) of rule 2BB. Additionally, the exemption for free food and non-alcoholic beverages provided through paid vouchers, as described in the first proviso of rule 3(7)(iii), does not apply to employees who have exercised the option under Section 115BAC(5). The notification was issued under F. No. 370142/15/2020-TPL and signed by Gudrun Nehar, Director, Tax Policy and Legislation. The principal rules were published under S.O. 969(E) on March 26, 1962, and last amended by G.S.R. 338(E) dated May 29, 2020.
Key Entities Referenced
Incometax Act, 1961: The primary legislation being amended, specifically Act 43 of 1961.
Central Board of Direct Taxes: The governmental organization responsible for making the amendments to the Incometax Rules.
Incometax Rules, 1962: The set of rules being amended by this notification.
Incometax 13th Amendment Rules, 2020: The title of the amendment rules introduced by this notification.
Section 115BAC: A section of the Incometax Act, 1961 related to exercising option under subsection 5 and relevant to the amendments regarding exemptions and allowances.
Section 295: A section of the Incometax Act, 1961 that confers powers related to the rules.
Ministry of Finance: The ministry under which the Department of Revenue and the Central Board of Direct Taxes operate.
Department of Revenue: The department of the Ministry of Finance that is responsible for the Central Board of Direct Taxes.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-26062020-220198
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CG-DL-E-26062020-220198
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 315] नई दिल्ली, िुक्रिार, िनू 26, 2020/आर्ाढ़ 5, 1942
No. 315] NEW DELHI, FRIDAY, JUNE 26, 2020/ASADHA 5, 1942
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 26 िून, 2020
आय-कर
सा.का.जन. 415(अ).—केन्द्रीय प्रत्यक्ष कर बोड,ड आय-कर अजधजनयम, 1961 (1961 का 43) की धारा 295 के
साथ पठित धारा 115खकग की उपधारा (2) द्वारा प्रित्त िजियों का प्रयोग करते हुए, आय-कर जनयम, 1962 का और
संिोधन करने के जलए जनम्नजलजखत जनयम बनाता ह,ै अथाडत् :—
1. संजक्षप्त नाम और प्रारंभ.—(1) इन जनयमों का संजक्षप्त नाम आय-कर(तेरहिां संिोधन) जनयम, 2020 ह ै।
(2) ये 1 अप्रैल, 2021 से प्रिृत्त होंगे और तिनुसार जनधाडरण िर्ड 2021-2022 तथा पश्चात्िती जनधाडरण िर्ों के
संबंध में लागू होंगे।
2. आय-कर जनयम, 1962 म,ें--
(क) जनयम 2खख म,ें उपजनयम (2) के पश्चात ्जनम्नजलजखत उपजनयम अंत:स्ट्थाजपत दकया िाएगा, अथाडत:्--
2854 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
''(3) उपजनयम (1) और उपजनयम (2) म ें अतं र्िडष्ट दकसी बात के होत े हुए भी, ऐसा कमडचारी, िो एक
जनधाडठरती ह,ै जिसने धारा 115खकग की उपधारा (5) के अधीन जिकल्प का प्रयोग दकया है, उपजनयम (1)
के उपखंड (क) से (ग) म ें और उपजनयम (2) के नीचे सारणी के क्रम संखयांक 11 पर उस जिस्ट्तार तक और
उसमें जिजनर्िष्टड ितों, यदि कोई हों, के अधीन रहत े हुए उजल्लजखत भत्तों की बाबत ही छूट का हकिार
होगा।'';
(ख) जनयम 3 के उपजनयम (7) के खडं (iii) म,ें परंतुक के पश्चात ् जनम्नजलजखत परंतुक अत:स्ट्थाजपत दकया िाएगा,
अथाडत:्--
''परंतु यह और दक संित्त िाउचर के माध्यम से ऐसे जनयोिक द्वारा उपलब्ध कराए गए जनिल्ु क भोिन और गरै मद्यसाठरक
सुपेय के संबंध में पहल े परंतुक में उपबंजधत छूट दकसी ऐसे कमचड ारी, िो जनधाडठरती ह,ै जिसने धारा 115खकग की उपधारा
(5) के अधीन जिकल्प का प्रयोग दकया ह,ै को लागू नहीं होगी।''।
[अजधसूचना स.ं 38 /2020, फा. स.ं 370142/15/2020-टीपीएल]
गुरनु नेहार, जनिेिक (कर नीजत और जिधान)
ठटप्पण: मूल जनयम भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (ii) म ें का.आ.स.ं 969(अ) तारीख 26 माच,ड
1962 द्वारा प्रकाजित दकए गए थ े और अंजतम बार उनम ें अजधसूचना स ं सा.का.जन 338 (अ) तारीख 29 मई,
2020 द्वारा संिोधन दकए गए थे।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 26th June, 2020
INCOME-TAX
G.S.R. 415(E).—In exercise of the powers conferred by sub-section (2) of section 115BAC 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 (13th Amendment) Rules, 2020.
(2) They shall come into force from the 1st day of April, 2021 and shall accordingly apply in relation to the
assessment year 2021-22 and subsequent assessment years.
2. In the Income-tax Rules, 1962,-
(a) in rule 2BB, after sub-rule (2), the following sub-rule shall be inserted, namely:—
“(3) Notwithstanding anything contained in sub-rule (1) and (2), an employee, being an assessee, who
has exercised option under sub-section (5) of section 115BAC shall be entitled to exemption only in
respect of the allowances mentioned in sub-clauses (a) to (c) of sub-rule (1) and at serial no.11 of the
Table below sub-rule (2) to the extent and subject to the conditions, if any, specified therein.”;
(b) in rule 3, in sub-rule (7), in clause (iii), after the proviso, the following proviso shall be inserted,
namely:—[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3
“Provided further that the exemption provided in the first proviso in respect of free food and non-
alcoholic beverage provided by such employer through paid voucher shall not apply to an employee,
being an assessee, who has exercised option under sub-section (5) of section 115BAC.”.
[Notification No. 38/2020/F. No.370142/15/2020-TPL]
GUDRUN NEHAR, 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 the 26th March, 1962 and last amended by the Income-tax (12th Amendment)
Rules, 2020, vide notification number G.S.R. 338 (E) dated 29.5.2020
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.