Income-tax (Sixth Amendment) Rules, 2019

Sep 09, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Direct Taxes (CBDT) on September 05, 2019, has published the Income-tax (Sixth Amendment) Rules, 2019 to further amend the Income-tax Rules, 1962.

The following amendments in the Income-tax Rules, 1962, are as under:

Ø  Rules 2C and 2CA has been substituted, namely:

Application for the purpose of grant of approval for the exemption under section 10(23C) (iv), (v), (vi) and (via):

Rule 2C:

(1)    The prescribed authority under section 10(23C) (iv), (v), (vi) and (via) shall be the Principal Commissioner or Commissioner whom the CBDT may authorise to act in this behalf.

(2)    An application for grant of approval for the exemption under section 10(23C) (iv), (v), (vi) and (via) to any fund or institution, any trust (including any other legal obligation) or institution, any university or other educational institution and any hospital or other institution (hereinafter referred to as ‘the applicant’) shall be made in Form No. 56 and shall be verified by the person who is authorised to verify the return of income under section 140, as applicable to the assesse.

(3)    Form No. 56 shall be furnished electronically:

(i)                  under digital signature, if the return of income is required to be furnished under digital signature; or

(ii)                through electronic verification code in a case not covered under clause (i).

(4)    The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, shall lay down the data structure, standards and procedure of furnishing and verification of Form No. 56 and shall be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the said form so furnished.

Ø  Rule 11AA which talks about the requirements for approval of an institution or fund under section 80G, has been substituted where Form 10G has to be furnished electronically:

(i)                  under digital signature, if the return of income is required to be furnished under digital signature; or

(ii)                through electronic verification code in a case not covered under clause (i).

Ø  Forms 10G and 56 has been substituted, namely:

(i)                  Form 10G: Application for grant of approval to fund or institution under section 80G(5)(vi) of the Income-tax Act, 1961;

(ii)                Application for grant of the exemption under section 10(23C) (iv), (v), (vi) and (via) of the Income-tax Act, 1961.

These Rules will come into force from September 05, 2019.

[Notification No. S.O. 3215(E)]


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