Income-tax (4th Amendment) Rules, 2019

May 23, 2019 | by Avantis RegTech Legal Research Team

The Central Board of Direct Taxes (CBDT) on May 22, 2019, has published the Income-tax (4th Amendment) Rules, 2019 to further amend the Income-tax Rules, 1962. It will come into force from the date of its publication in the Official Gazette that is May 22, 2019.

The amendments made in Appendix II, in Form No. 15H in Part II, in note 10 of the Income-tax Rules, 1962, a proviso has been inserted, namely:— 

“Provided that such person shall accept the declaration in a case where income of the assessee, who is eligible for rebate of income-tax under section 87A, is higher than the income for which declaration can be accepted as per this note, but his tax liability shall be nil after taking into account the rebate available to him under the said section 87A.”

[Notification No. G.S.R. 375(E)]

Click here to download the Notification.


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