Income-tax (Fifth Amendment) Rules, 2002 - 070/2002 - Income Tax

Income-tax (Fifth Amendment) Rules, 2002 Notification No.70 Dated 1st April. 2002 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 (Fifth Amendment) Rules, 2002. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in rule UK, in clause (i), after item (p), the following items shall be inserted, namely:- "(q) plantation of softwood on degraded non-forest land; (r) any programme of conservation of natural resources or of afforestation;". Sd/- Deepika Mittal Under Secy. F.No.l5/FB/2002-TPL Foot Note: The principal rules were published vide Notification No. S.O. 969(E), dated the 26th March, 1962 and last amended by Income-tax (Fourth Amendment) Rules, 2002 vide Notification S.O. No.331(E), dated the 22nd March,2002