Income-Tax (Sixth Amendment) Rules, 2001 - S.O. 388(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 119 New Delhi, the 4th May, 2001 INCOME-TAX S.O. 388(E) .--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 (Sixth Amendment) Rules, 2001 (2) They shall come into force on the 1 st day of April, 2002 2. In the Table to Appendix I of the Income-tax Rules, 1962, in Part-A relating to TANGIBLE ASSETS, under the heading III. MACHINERY AND PLANT , in sub-item (2), after entry (iic) and the figures occurring in column 2, the following entry and figures shall be inserted, namely :- (iid) Now commercial vehicle which is acquired on or after the 1st day of April, 2001 but before the 1st day of April, 2002 and is put to use before the 1st day of April, 2002 for the purposes of business or profession [Sec Note 3A below the Table], 50 . [F. No 52/FB/2001-TPL] DEEPIKA MITTAL, Under Secy.