G.S.R. 677(E).—In exercise of the powers conferred by section 139A 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 (29thAmendment)
Rules, 2022.
(2) They shall be deemed to have come into force from the 9th day of July, 2022.
- 2. In the Income-tax Rules, 1962, in rule 114BB, after sub-rule (1), the following proviso shall be
inserted, namely: —
―Provided that the provisions of this sub-rule shall not apply in a case where the person, depositing
the money as per Sl. No. 1 of column (2) or withdrawing money as per Sl. No. 2 of column (2) or
opening a current account or cash credit account as per Sl. No. 3 of column (2) of the Table above, is
the Central Government, the State Government or the Consular Office.
SHEFALI SINGH, Under Secy.
Explanatory Memorandum : It is hereby certified that by giving retrospective effect to the present
notification, no person will be adversely affected in this regard.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3,
Sub-section (ii) vide number S.O. 969 (E), dated the 26th March, 1962 and last amended vide
notification number G.S.R. 647 (E) dated 26th August, 2022.
Notification : https://www.dropbox.com/s/z2ox89u78agrlae/Income-tax%20%2829thAmendment%29%20Rules%2C%202022..pdf?dl=0