CBDT Notifies Income Tax (29th Amendment) Rules 2022
Reetu | Sep 3, 2022 |
CBDT Notifies Income Tax (29th Amendment) Rules 2022
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (29thAmendment) Rules, 2022 to further amend the Income-tax Rules, 1962.
The Notification has provided, “In the Income-tax Rules, 1962, in rule 114BB, after sub-rule (1), the following proviso shall be inserted, namely: —”
“Provided that the provisions of this sub-rule shall not apply in a case where the person, depositing the money as per Sl. No. 1 of column (2) or withdrawing money as per Sl. No. 2 of column (2) or opening a current account or cash credit account as per Sl. No. 3 of column (2) of the Table above, is the Central Government, the State Government or the Consular Office.”
This shall be deemed to have come into force from the 9th day of July, 2022.
For Official Notification Download PDF Given Below:
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