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CBDT Amends Rule 17CB to replace the words ” Trust or Institution” with Specified person



CBDT amends rule 17CB to replace words ‘trust or institution’ with ‘specified person’ vide Notification No. 101/2022-Income Tax |

Dated: 22nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2022-Income Tax | Dated: 22nd August, 2022 G.S.R. 647(E).—

In exercise of the powers conferred by sub-section (2) of section 115TD 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 the Income-tax Rules, 1962, namely:-

1. Short title and commencement.—

(1) These rules may be called the Income-tax (Twenty Eighth Amendment) Rules, 2022.

(2) They shall come into force from the date of its publication in the Official Gazette. 2. In the Income-tax Rules, 1962, in rule 17CB,—

(i) for the words “trust or institution” wherever they occur, the words “specified person” shall be substituted;

(ii) in Explanation, after clause

(h), the following clause shall be inserted, namely:-

‘(ha) “specified person” shall have the same meaning as assigned to it in clause

(iia) of the Explanation to section 115TD;’.

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