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 Act 1961 (43 of 1961), the Central Government hereby makes

the following rules further to amend the Income-tax Rules, 1962, namely:-

(i) These rules may be called the Income-tax (24^th Amendment) Rules,

2001.

(ii) They shall come into force on the date of their publication in the

Official Gazette.

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;

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 MM

Y YY Y

the following shall be substituted, namely:-

"Whereas I am / we are required to

furnish

return

under

sub-section

(4A)

section

139

for the accounting year ending on

D D

M M

Y Y Y Y

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 29^th 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 (4^th

Amendment)Rules, 1996 vide notification . 10271 dt 29.10.1996.

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