CBDT Proposed amendments to Income-tax Rules, Invites comments of stakeholders

CBDT Proposed amendments to Income-tax Rules, Invites comments of stakeholders  

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes

New Delhi, 20th August, 2018

PRESS RELEASE

Proposed amendments to Income-tax Rules, 1962 - Inviting comments of stakeholders Income-tax Rules, 1962 (I.T.Rules) prescribe Form No.13 for filing an application for seeking a certificate under section 197 and/or under section 206C (9)of the Income-tax Act, 1961 (the Act), for no deduction of tax or deduction/collection of tax at lower rate. In order to rationalise and make the process of issuance of certificate for no deduction of tax or deduction/collection of tax at lower rate electronic, the existingForm No.13 and relevant I.T. Rules are required to be amended. This is vital forminimising the human interface and reducing the compliance burden on the applicant. In view of the above, a draft notification proposing amendments in Form No. 13, and rules 28, 28AA, 28AB, 37G and 37H of the IT Rules has been uploaded onthe website of the Income Tax Department www.incometaxindia.gov.in for commentsfrom stakeholders and general public. Comments and suggestions on the draft notification may be sent by 4th September, 2018 electronically at the email address [email protected]. (Surabhi Ahluwalia) Commissioner of Income Tax (Media & Technical Policy) Official Spokesperson, CBDT.