CBDT Amends IT Rule 114D reg. Submission of Declarations in Form 60

CBDT Notifies Amendments in Income Tax Rule 114D reg. Submission of Declarations in Form 60

The CBDT has amended IT Rule 114D regarding submission of statement in Form 61 containing particulars of declarations received in Form No. 60. by the persons referred to in under Rule 114C, as under:

CBDT Notification No. 91/2016 dt 6 Oct. 2016 F. No. 370142/27/2016-TPL

S.O. 3160(E).—In exercise of the powers conferred by section 139A and section 285BA, 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, namely:—

1. (1) These rules may be called the Income–tax ( 26th Amendment) Rules, 2016. (2) These rules shall come into force from the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 114D,—

(i) in sub-rule (1), in clause (I), for the word, brackets and letter “clauses (b)”, the word, brackets and letter “clauses (a)” shall be substituted;

(ii) after sub-rule (3), the following shall be inserted, namely:—

“(4) The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) shall specify the procedures, data structures, and standards for ensuring secure capture and transmission of data, evolving and implementing appropriate security, archival and retrieval policies in relation to the statement referred to in sub-clause (i) of sub-rule (1).”.

3. In the said rules, in rule 114E, in sub-rule (3), for the brackets, words and number “(other than the person at Sl. No. 9)”, the brackets, words and numbers “(other than the persons at Sl. No. 10 and Sl. No. 11)” shall be substituted.

To view or download pdf copy of CBDT Notification, please refer the link below:

CBDT Notification No. 91/2016 dt 6 Oct. 2016

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