Income-tax (31st Amendment) Rules, 2022.

G.S.R 709(E).—In exercise of the powers conferred by section 170A read with section 295 of the Incometax 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 (31st Amendment) Rules, 2022.

(2) They shall come into force from the 1st day of November, 2022.

2. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), after rule 12AC, the following rule shall be inserted, namely:––

‘12AD. Return of income under section 170A.— (1) The modified return of income to be furnished by a successor entity to a business reorganisation, as referred to in section 170A, for an assessment year, shall be in the Form ITR-A and verified in the manner specified therein

(2) The return of income referred to in sub-rule (1) shall be furnished electronically under digital signature.

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