REGD. NO. D. L.-33004/99 The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 951] NEW DELHI, MONDAY, DECEMBER31, 2001/PAUSA10,1923
4022 GI/2001
(1)2 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—SEC.3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 31 st December, 2001
INCOME-TAX
S.O. T284 (E).— |n exercise of powers conferred by section 295 of the Income-tax A ct 1961 (43 of 1961), the Central Government hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
I. (i) These rules may be called the Income-tax (24th Amendment) Rules, 2001.
(ii) They shall come into force on the date of their publication in the Official Gazette.
3 2. In the Income-tax Rules, 1962, in rule 114,-
(i) in sub-rule (I), -
(a) for the words, brackets and figure "or sub-section (2)", the words, brackets, figures and letter "or sub-section (I A) or sub- section (2) or sub-section (3)", shall be substituted;
(b) the words "in duplicate" shall be omitted;
(ii) in sub-rule (3), in clause (ii), -
(a) after the words, "carrying on any business", the words "or profession", shall be inserted;
(b) for the words, "fifty thousand rupees", the words "five lakh rupees" shall be substituted.
3. In appendix II, in Form No.49A,-
(i) for the words, "no initials please", wherever they occur, the words, "expand initials please", shall be substituted;
(ii) in the introductory part,-
(a) after the words, "carrying on a business", the words "or profession", shall be inserted;
(b) for the words, "fifty thousand rupees", the words "five lakh rupees", shall be substituted;
(c) for the portion "whereas my / our case does not fall under sub- section (I) of section I39A, and I am/we are required to furnish a return of income under sub-section (4A) of section 139 for the accounting year ending on - -
D D MM Y YY Y
the following shall be substituted, namely:-
"Whereas I am / we are required to furnish a return under sub-section (4A) of section 139 for the accounting year ending on - -
DD MM Y Y YY4 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—-SEC. 3(ii)] Whereas I am/ we are required to apply for allotment of Permanent Account Number as per notif^tions bearing S.O775(E) dated 29th August, 2000, or S.O.No.l206(E), dated _12.12.2001 issued under sub-section (I A) of section I39A;
Whereas my/our case does not fall under sub-sections (I) or (I A) or (2) of section 139A, but I am / we are desirous of obtaining a PAN;".
[K No. 142/5.V2001-TPLNotificationNo- 379/200IJ BATSALA JHAYADAV. Under Secy.
NOTE:— The principal rules were published vide notification number ^S.Q.No.969 (E) dt. 26.3.1962 and were last amended by Income-tax (4th Amendment)Rules, 1996 vide notification . 10271 dt 29.10.1996.
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