Income-tax (4th Amendment) Rules, 2021 - Amends Rule 114E. - Furnishing of statement of financial transaction

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..... section 285BA 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 (4th Amendment) Rules, 2021. (2) They shall come into force from the date of its publication in the Official .....

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..... d in such manner, as may be specified by the Principal Director General of Income Tax (Systems) or the Director General of Income Tax (Systems), as the case may be, with the approval of the Board, namely:- TABLE Sl.No. Nature of transaction Class of person (reporting person) (1) (2) .....

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..... , 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act); (ii) Post Master General as referred to in clause (j) of section 2 of the Indian Post Office Act, 1898 (6 of 1898). (iii) Non-banking financial company which holds a certificate of registration under section 45-IA of the Reserve Bank of India .....

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..... d to it in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) ; (e) securities shall have the same meaning as assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) ; (C) in sub-rule (6),- (i) in clause (a), after the words, brackets and figures column (3) of the Table under sub-rule (2) , .....

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..... er and sub-rule (5A) shall be inserted. [Notification No. 16/2021] [F.No. 370142/03/2021-TPL] 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 No. 170(E), dated the 11th March, 2021 . - Notification Tax Management India - taxmanage .....

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