Amendments in the Income-tax Rules, 1962 - Rule 17C amended - 99/2008 - Income Tax

Amendments in the Income-tax Rules, 1962 - Rule 17C amended GOVERNMENT OF INDIA Ministry of Finance DEPARTMENT OF REVENUE (Central Board of Direct Taxes) Notification No.99 /2008 File No.142/18/2008-TPL Date.22 Oct 2008 In exercise of the powers conferred by section 295 read with clause (xii) of sub-section (5) of section 11 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, 2008. (2) It shall be deemed to have come into force with effect from the 31st day of July, 2008. 2. In the Income-tax Rules, 1962 , in rule 17C , after clause (vi), the following clause shall be inserted, namely:- "(vii) investment by way of acquiring shares of National Skill Development Corporation". Sd/- (Pradip Mehrotra) Director Note:- The principal rules were published in the Gazette of India Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969(E) dated the 26th March, 1962 and was last amended by the Income-tax (Seventh Amendment) Rules, 2008 vide notification number S.O. 2431(E) dated, 10th October, 2008.