Amendments to Income Tax Rules 1962

Here is the list of amendments to income tax rules 1962 in a summarized way. 

Income-tax (Sixth Amendment) Rules, 2012 inserted rule 10AB prescribing other method for determining arm’s length price.

Income-tax (Seventh Amendment) Rules, 2012 provided new return forms ITR-5 and ITR-6 for A.Y. 2012-13.

Income-tax (Eight Amendment) Rules, 2012 provided new return forms ITR-7 for A.Y. 2012-13.

Income-tax (Ninth Amendment) Rules, 2012 substituted rule 40BA and Form 29C relating to alternate minimum tax by persons other than company.

Income-tax (Tenth Amendment) Rules, 2012 inserted rules 10F to 10T and 44GA, introducing advance pricing agreement scheme in relation to arm’s length price.

Income-tax (Eleventh Amendment) Rules, 2012 inserted rules 31ACB and 37Jand Forms 26A and 27BA, relating to CA’s certificate u/s 201(1) First proviso and u/s 206C (6A) first proviso.

Income-tax (Twelfth Amendment) Rules, 2012 inserted rule 21AB (particulars to be contained in a certificate to be obtained by a non-resident) and Forms 10FA and 10FB (for obtaining certificate of residence) in relation to sections 90 and 90A.

Income-tax (Thirteenth Amendment) Rules, 2012 amended rule 17C prescribing debt instruments issued by any infrastructure finance company as eligible mode of investment by charitable or religious institutions.

Income-tax (Fourteenth Amendment) Rules, 2012 inserted rule 112F specifying cases in which notice for assessment/reassessment shall not be issued for preceding six assessment years, as a result of a search u/s 132 or a requisition u/s 132A.

Income-tax (Fifteenth Amendment) Rules, 2012 amended rules 11U and 11UA, relating to valuation of unquoted equity shares.

Income-tax (First Amendment) Rules, 2013 inserted rule 17CA and form 10BC relating to electoral trusts.

Income-tax (Second Amendment) Rules, 2013 amended rules 31A, 31AA, 31ACD and 37J and forms 15G, 15H, 16, 16A, 24Q, 26B, 26Q, 27C, 27D and 27Q relating to TDS/TCS.