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TMI BlogIncome-tax (11th Amendment) Rules, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... day of June, 2016. 2. In the Income-tax Rules, 1962 (hereafter referred to as the said rules), after rule 26B , the following rule shall be inserted, namely:- 26C. Furnishing of evidence of claims by employee for deduction of tax under section 192.- (1) The assessee shall furnish to the person responsible for making payment under sub-section (1) of section 192, the evidence or the particulars of the claims referred to in sub-rule (2), in Form No.12BB for the purpose of estimating his income or computing the tax deduction at source. (2) The assessee shall furnish the evidence or the particulars specified in column (3), of the Table below, of the claim specified in the corresponding entry in column(2) of the said Table:- Tab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnished- (a) on or before the 30th day of April where the statement relates to the month of March; and (b) in any other case, on or before 15 days from the end of relevant month. (4B) Statement referred to in sub-rule (4) shall be furnished in the following manner, namely:- (a) electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5); or (b) electronically alongwith the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5). (4C) The persons referred to in sub-rule (4) shall intimate the number (hereinafter referred to as the Book Identific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he financial year in which the deduction is made . 5. In the said rules, in rule 37CA ,- (a) in sub-rule (3), for the portion beginning with the word shall and ending with the words has been credited , the following words, figures, letter and brackets shall be substituted, namely:- shall submit a statement in Form No. 24G to the agency authorised by the Principal Director of Income-tax (Systems) in respect of tax collected by the collectors and reported to him. ; (b) after sub-rule (3),the following sub-rules shall be inserted, namely:- (3A) Statement referred to in sub-rule (3) shall be furnished- (a) on or before the 30th day of April where the statement relates to the month of March; and ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (1) (2) (3) (4) 1. House Rent Allowance: (i) Rent paid to the landlord (ii) Name of the landlord (iii) Address of the landlord (iv) Permanent Account Number of the landlord Note: Permanent Account Number shall be furnished if the aggregate rent paid during the previous year exceeds one lakh rupees 2. Leave travel concessions or assistance 3. Deduction of interest on borrowing: (i) Interest payable/paid to the lender (ii)Name of the lender (iii) Address of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e-II, after entry 356, the following shall be inserted, namely:- 357 In case of House Rent Allowance claim-Name and Permanent Account Number of the landlord if aggregate payment during the previous year exceeds rupees one lakh 358 In case of deduction of interest under the head Income from House property Name and Permanent Account Number of the lender ( if available) ; (d) in Form No. 26Q, in the Annexure, in Notes, in point 7, under the heading List of section codes is as under , before section 193, the following shall be inserted, namely:- 1 2 3 192A Paym ..... X X X X Extracts X X X X X X X X Extracts X X X X
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