Central Board of Direct Taxes have recently amended the Income Tax Rules which were declared through notifications.
The important amendments via this notification of amendments are as follows :
1. Declaration changes relating to compliance and reporting for In-House Research projects amending Rule 6 and Form 3CL, 3CLA for the same. (Notification No.29 of 28.04.2016). Effective from 01.07.2016
2. Notification No. 30 of 29.04.2016 effective from 01.06.2016:
Inserted new Rule 26C for 'Furnishing of evidence of claims by employee for claiming deductions under section 192' i.e. submitting proofs to avail Salary deduction benefits.
Its details are as follows:
The employee shall submit details of Investments, expenses etc. in Form 12BB along with proofs
for the following tax deduction benefits :
The important amendments via this notification of amendments are as follows :
1. Declaration changes relating to compliance and reporting for In-House Research projects amending Rule 6 and Form 3CL, 3CLA for the same. (Notification No.29 of 28.04.2016). Effective from 01.07.2016
2. Notification No. 30 of 29.04.2016 effective from 01.06.2016:
Inserted new Rule 26C for 'Furnishing of evidence of claims by employee for claiming deductions under section 192' i.e. submitting proofs to avail Salary deduction benefits.
Its details are as follows:
The employee shall submit details of Investments, expenses etc. in Form 12BB along with proofs
for the following tax deduction benefits :