Income-tax (Third Amendment) Rules, 2008 - Insertion of Rule 14B - Guidelines for the purposes of determining expenses for audit

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..... wers conferred by sub-section (2D) of section 142 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 (Third Amendment) Rules, 2008. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Inc .....

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..... for every hour of the period as specified by the Assessing Officer under sub-section (2C) of section 142. (3) The period referred to in sub-rule (2) shall be specified in terms of the number of hours required for completing the report. (4) The Accountant referred to in sub-section (2A) of section 142 shall maintain a time-sheet and shall submit it to the Chief Commissioner or Commissioner, along .....

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