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Income Tax Rules Chap 1

INCOME-TAX RULES, 1962

[SO 969, DATED 26-3-1962]

1[In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), and rule 15 of Part A, rule 11 of Part B and rule 9 of Part C of the Fourth Schedule to that Act, the Central Board of Revenue hereby makes the following rules, namely :-]

In exercise of the powers conferred by section 295 read with sub-section (1) of section 245Q 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:? 

PART I

PRELIMINARY

Short title and commencement.

  1. (1) These rules may be called the Income-tax Rules, 1962.

2[(1) These rules may be called the Income-tax (7th Amendment) Rules, 2018.]

4[(1) These rules may be called the Income–tax (8th Amendment) Rules, 2018.]

   (2) They shall come into force on the 1st day of April, 1962.

3[(2) They shall come into force from the date of their publication in the Official Gazette.]

5[(2)  They shall come into force from the 20th day of August, 2018.]

Definitions.

  1. (1) In these rules, unless the context otherwise requires,-

        (a) “Act” means the Income-tax Act, 1961 (43 of 1961);

             (aa) “authorised bank” means any bank as may be appointed by the Reserve Bank of India as its agent under the provisions of sub-section (1) of section 45 of the Reserve Bank of India Act, 1934 (2 of 1934);

        (b) “Chapter”, “section” and “Schedule” means respectively Chapter and section of, and Schedule to, the Act.

     (2) All references to “Forms” in these rules shall be construed as references to the forms set out in Appendix II hereto.