Income-tax (27th Amendment) Rules, 2021. - Prescribed manner of authentication of an electronic record under electronic verification code under sub-clause (b) of clause (i) of sub-section (7) of section 144B - 101/2021 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 101/2021 New Delhi, the 6th September, 2021 G.S.R. 616(E). -In exercise of the powers conferred by sub-clause (b) of clause (i) of sub-section (7) of section 144B 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 Income-tax Rules, 1962 , namely:- 1. Short title and commencement. - (1) These rules may be called the Income-tax ( 1 [ 27th ] Amendment) Rules, 2021. (2) They shall come into force from the date of their publication in the Official Gazette. 2 . In the Income-tax Rules, 1962 , after rule 14B , the following rule shall be inserted, namely: 14C. Prescribed manner of authentication of an electronic record under electronic verification code under sub-clause (b) of clause (i) of sub-section (7) of section 144B .- For the purposes of sub-clause (b) of clause (i) of sub-section (7) of section 144B, where an assessee or any other person submits an electronic record by logging into his registered account in designated portal of the Income-tax Department, it shall be deemed that the electronic record has been authenticated under electronic verification code. Explanation. - For the purposes of this rule, designated portal shall have the same meaning as assigned to it in in clause (i) of the Explanation below to section 144B . [F.No. 370142/35/2021-TPL (Part-I)] SHEFALI SINGH, Under Secy., Tax Policy and Legislation Note : The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and last amended vide notification GSR 612(E), dated the 02nd September, 2021 . ************* NOTES:- 1. Corrected vide NOTIFICATION NO. 102/2021 dated 07-09-2021 before it was read as 26 th