Income Tax (Ninth Amendment) Rules, 2012 – Substitution of Rule 40ba and Form no. 29c
Notification No. 34/2012 [F.No. 142/22/2012-SO(TPL)]/so 1979 (E), dated 28.08.2012
In exercise of the powers conferred by 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 (Ninth Amendment) Rules, 2012.
(2) They shall come into force on the 1st day of April, 2013.
2. In the Income-tax Rules, 1962, (hereafter referred to as the “said rules”), for rule 40BA, the following rule shall be substituted, namely:-
“Special provisions for payment of tax by certain persons other than a company.
40BA. The report of an accountant which is required to be furnished by the assessee under sub-section (3) of section 115JC, shall be in form No. 29C”.
3. In Appendix-II of the said rules, for Form No. 29C, the following form shall be substituted, namely:-