Reetu | May 31, 2023 |
CBDT Notifies Income Tax (7th Amendment) Rules 2023
The Central Board of Direct Taxes(CBDT) has notified Income Tax (7th Amendment) Rules 2023 via issuing Notification.
The Notification Stated as, “In exercise of the powers conferred by clauses (i), (ii), (iii) and (iv) of the first proviso to sub-section (5) of section 80G and the third proviso to sub-section (5) of section 80G read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962.”
These rules may be called the Income tax (7th Amendment) Rules, 2023. They shall come into force on the date of their publication in the Official Gazette.
In the Income-tax Rules, 1962, in rule 11AA, for sub-rule (7), the following sub-rule shall be substituted, namely:-
“(7) In case of an application made under clause (iv) of the first proviso to sub-section (5) of section 80G of the Act, the provisional approval shall be effective from the assessment year relevant to the previous year in which such application is made.”.
For Official Notification Download PDF Given Below:
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