The Income-tax (Third Amendment) Rules, 2018

Apr 10, 2018 | by Avantis RegTech Legal Research Team

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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