Income-tax (29th Amendment) Rules, 2021

Sep 14, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Central Board of Direct Taxes (CBDT) on September 13, 2021 has issued Income-tax (29th Amendment) Rules, 2021 to further amend Income-tax Rules, 1962.

The following amendment has been made:

• Rule 12F, which specifies Prescribed income-tax authority under second proviso to clause (i) of sub-section (1) of section 142, has been inserted, namely:

“12F- The prescribed income-tax authority under second proviso to clause (i) of sub-section (1) of section 142 shall be an income-tax authority not below the rank of Income-tax Officer who has been authorised by the Central Board of Direct Taxes to act as such authority for the purposes of that clause.”

[Notification No. 109/2021/F. No. 370142/27/2021-TPL (Part I)] [Gazette ID-229571]

 


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