Income-tax (16th Amendment) Rules, 2016 - Provisions of GENERAL ANTI-AVOIDANCE RULE (GAAR) shall be applicable w.e.f. 1.4.2017 - 49/2016 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 49/2016 New Delhi, the 22 nd June, 2016 INCOME-TAX S.O. 2179(E) .-In exercise of the powers conferred by section 101 , 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 (16th Amendment) Rules, 2016. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 , in rule 10U ,- (i) in sub-rule (1), in clause (d), for the figures, letters and words 30th day of August, 2010 , the figures, letters and words 1st day of April, 2017 shall be substituted; (ii) in sub-rule (2), for the figures, letters and words 1st day of April, 2015 , the figures, letters and words 1st day of April, 2017 shall be substituted. [F. No. 370142/10/2016-TPL] NIRAJ KUMAR, Under Secy. (Tax Policy and Legislation) Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii) vide number S.O. 969(E) dated the 26th March, 1962 and was last amended vide notification number S.O. 2151(E), dated the 20th June, 2016.