Income-tax (7th Amendment) Rules, 2018

Jul 17, 2018 | by Avantis RegTech Legal Research Team


The Central Board of Direct Taxes (CBDT), July 13, 2018, has made the Income-tax (7th Amendment) Rules, 2018 to further amend the Income-tax Rules, 1962.

In the Income-tax Rules, 1962,

(A)  in Rule 44E, in sub-rule (1),―

(i) in clause (c), for the words, brackets and letters “sub-clause (iia) of clause (b)”, the words, brackets and letters “item (III) of sub-clause (A) of clause (b)” shall be substituted;

(ii) in clause (d), for the words, brackets and letter “sub-clause (iii) of clause (b)”, the words, brackets and letters “item (IV) of sub-clause (A) of clause (b)” shall be substituted;

(iii) in clause (e), for the words, brackets and letters “sub-clause (iiia) of clause (b)”, the words, brackets and letters “item (V) of sub-clause (A) of clause (b)” shall be substituted;

(B)   in the Appendix II, ―

(i) in Form 34C, ―

(a)    in the heading, for the words “Form of application”, the words “Form of application by a nonresident applicant” shall be substituted;

(b)   after item 13, the following items shall be inserted, namely:

“14. Taxpayer Registration Number/Taxpayer Identification Number/Functional equivalent/ Any unique number used for identification by the Government of that country/specified territory of which applicant claims to be a resident.

15. Particulars of the Parent Company(-ies) of the applicant”

(ii) in Form 34D, for item 5, the following item shall be substituted, namely “Particular(s) of the non-resident with whom the transaction is undertaken or proposed to be undertaken”

(iii) in Form 34DA, in the heading, for the word, figures, brackets and letters “section 245N(b)(iia)”, the word, figures, brackets and letters “section 245N(b)(A)(III)” shall be substituted.

This amendment shall come into force from the date of their publication in the Official Gazette that is from July 13, 2018.

[G.S.R. 647(E)]

URL: http://www.egazette.nic.in/WriteReadData/2018/187343.pdf


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