Income tax Amendment (6th Amendment), Rules, 2020. - 12/2020 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 12/2020 New Delhi, the 17th February, 2020 INCOME-TAX G.S.R. 124(E).- In exercise of the powers conferred by clause (XI) of the proviso to clause (x) of sub-section (2) of section 56 read with section 295 of the Income-tax Act, 1961 (43 of 1961) , the Central Government, hereby makes the following rules further to amend the Income-tax Rules,1962 , namely:─ 1. Short title and commencement. - (1) These rules may be called the Income tax Amendment (6th Amendment), Rules, 2020. (2) They shall come into force from the 1st day of April, 2020. 2. In the Income-tax Rules, 1962 , in rule 11UAC , in the Explanation, for clause (b), the following clause shall be substituted, namely:- (b) unauthorised colony shall have the same meaning as assigned to it in clause (b) of section 2 of the National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019 (45 of 2019) . [/F. No. 370142/29/2019-TPL] GUDRUN NEHAR, Director (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 last amended vide notification number G.S.R. 112(E), Dated 13.02.2020 .