Income-tax (24th Amendment) Rules, 2022.

G.S.R. 622(E).—In exercise of the powers conferred by clause (a) of the tenth proviso to clause (23C) of section 10 and sub-clause (i) of clause (b) of sub-section (1) of section 12A 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 (24th Amendment) Rules, 2022

(2) They shall come into force from the date of their publication in the Official Gazette.

In the Income-tax Rules, 1962, after rule 17A the following rule shall be inserted, namely :

“17AA. Books of account and other documents to be kept and maintained.— (1) Every fund or institution or trust or any university or other educational institution or any hospital or other medical institution which is required to keep and maintain books of account and other documents under clause (a) of tenth proviso to clause (23C) of section 10 of the Act or sub-clause (i) of clause (b) of sub-section (1) of section 12A of the Act shall keep and maintain the following, namely :

1. (a) books of account, including the following, namely :
   1. (i) cash book;
   2. (ii) ledger
   3. (iii) Journal
   4. (iv) copies of bills, whether machine numbered or otherwise serially numbered, wherever such bills are issued by the assessee, and copies or counterfoils of machine numbered or otherwise serially numbered receipts issued by the assessee;
   5. (v) original bills wherever issued to the person and receipts in respect of payments made by the person;
   6. (vi) any other book that may be required to be maintained in order to give a true and fair view of the state of the affairs of the person and explain the transactions effected;
2. (b) books of account, as referred in clause (a), for business undertaking referred in sub-section (4) of section 11 of the Act;
3. (c) books of account, as referred in clause (a), for business carried on by the assessee other than the business undertaking referred in sub-section (4) of section 11 of the Act;
4. d) other documents for maintaining

Notification : https://www.dropbox.com/s/4l4livjjrjtlobh/notification-94-2022.pdf?dl=0