The Income-tax (Third Amendment) Rules, 2018

Apr 10, 2018 | by Avantis RegTech Legal Research Team

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Central Board of Direct Taxes (CBDT) vide notification dated April 06, 2018 has further amended the Income Tax Rules, 1962. Vide this amendment in rule 2BB, in sub-rule (2), in item no. (10) transport allowance given to employee of Rs. 1600/- per month shall be omitted

This notification shall come into force on the April 01, 2019 and shall apply to the assessment year 2019-2020 and subsequent assessment years.

[S.O. 1517(E)]



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