REGISTERED No. D- 221
The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 59] NEW DELHI, FRIDAY, FEBRUARY 14,1969/MAGHA 35,1890
Separate paging is given to this Part In order that it may be filed as a separate compilation.
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION
INCOME-TAX
New Delhi, the 14th February 1960
8.0. 625.—In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the followingfollowingfurther to amend the Income-tax Rules, 1982, namely :—
1. (1) These rules may be called the Income-tax (Second Amendment) Rules,
1869.
(2) They shall come into force on the 1st day of April, 1969.
2. In Appendix II to the Income-tax Rules, 1962,—
(1) in Form No. 1,—1 (a) in Part III, item 2 shall be omitted and Items 3, 4 and 5 shall be it- numbered respectively as items 2, 3 and 4;
(b) in Part VII, item (c) shall be omitted; (c) in Annexure B—Section 1,—
(1) in item 13, for the figures, brackets and letter "40(a)" (the figures, brackets, letter and word "40(a)(i), (ii), (iii), (iv) and (v)" shall bo substituted;
(ii) In item 14, for sub-item (b), the following sub-item. Bhall bo substituted, namely :—
"(b) Expenditure referred to in section 40A(2)";
(219)
220 THE GAZETTE OF INDIA EXTRAORDINARY ][PART II—(iji) item 16 shall be relettered as sub-item (a) of that item and after the sub-item as so relettered, the following sub-item shall be Inserted, namely :—
"(b) Expenditure not allowable u/s 40A(3) read with rule 6DD of the Income-tax Rules, 1962";
(iv) in item 24, after the figures, brackets and letter "40(c)(i) & (ii)", the words, figures, letter and brackets "and Sec. 40A(2)" shall be inserted;
(v) for items 29 and 30, the following items shall be substituted, namely:— *'"29 (a) Part of capital expenditure on patents or copyrights admissible under Sec. 35A.
(b) Part of capital expenditure on family planning under Sec. 36(1) (Ix).
*30 (n) Export markets development allowance (Sec. 35B).
(b) Agricultural development allowance (Sec. 39C)" ;
(vi) in the Notes, after item 2, the following item shall be inserted, namely:—
"3. Where there is unabsorbed development rebate of a past year, eligible for deduction from the current year's income, this may be deducted if, and to the extent that, there is a positive income after set ofl of unabsorbed IOEH and unabsorbed depreciation.";
(2) in Form No. 2,—
(a) in Part III, item 2 shall be omitted and items 3, 4 and 5 shall be re- numbered respectively as items 2, 3 and 4;
Cbt for Annexure 1—Salaries, the following shall be substituted, namely: —
ANNEXURE I—SALARIES
Rs.
Name and address of the Employer
I.
2. Total amount of salary, waives, etc., including cash allowance to the extent these are not exempt from tax . . . . ..
3-
Value of accommodation provided by the employer free of • rent or at a concessional rent
Perquisite value of motor car or other conveyance provided by the
4-
Perquisite value of domestic or personal services etc. provided by the
5-
employer
Any other amount chargeable under "Salaries" (give details)
6
GROSS SAIJ\RY
Deduct expenditure on—
RB (a) Books [Sec. .16(0]
(6) Entertainment [Sec. 16 (ii)]
RB (c) Profession tax, etc. [Sec. 16 uii)j
R s ..
(d) Conveyance* [Sec. 16 (iv)]
Rs (i) Category of conveyance
[Indicate whether motor car/motor cycle/scooter/other moped/
bicycle/any other conveyance/]
(ii) N o. of calendar months (including part-months) during which the conveyance was used for the purpose of employment, in the previous year . . . • • • . . . ..
(e) Other items, if any (give details) [Sec. I6(v)]. . ..
Total
Rs Rs
N et amount under the head 'Salaries' Rs
• An e m p l o y ee r e c e i v i ng c o n v e y a n ce a l l o w a n ce Is n ot e n t i t l ed to t h is d e d u c t i o n. ,
SEC. 8(ii)1 THE GAZETTE OF INDIA EXTRAORDINARY! 321(c) in Annexure .'!—Section 1,—
(I) in Item 13, for the figures, brackets and letter "40(a)'\ the figures, brackets, letter and word "40(a)(i), (il), (111), (lv) and (v)" shall be substituted;
(ii) item 14 shall be relettered as sub-item (a) of that item and after the sub-item as so relettered, the following sub-item shall be inserted, namely :—
"(b) Expenditure referred to in sec. 40A(2)";
(111) item 16 shall be relettered as sub-item (a) of that Item and after the sub-item as so relettered, the following sub-item shall be inserted, namely :—
"(b) Expenditure not allowable u/s 40A(3) read with rule 6DD of the Income-tax Rules, 1962";
(iv) Item 22 shall br relettered as sub-item (a) of that Item and alter the sub-Item as so relettered. the following sub-item shall be inserted, namely :—
"(b) Expenditure claimed as reasonable u /s 40A(2)";
(v) for items 20 and 27, the following items "shall be substituted, namely :—
"*26 (a) Expenditure on scientific research or sums paid to scientific research association, etc., to the extent admissible under Sec. 35. (b) Part of capital expenditure on patent or copyrights admissible under Sec. 33A.
*27- Export markets development allowance (Sec 35B)'";
(vi) in the Notes after item 2, the following item shall be inserted, namely :-—
"3. Where there is unabsorbed development rebate of a past year, eligible for deduction from the current year's income, this may be deducted if, and to the extent that, there is a positive income after set off of unabsorbed loss and unabsorbed depreciation";
(3) in Form No. 3,—
(a) in Part III, item 2 shall be omitted and items 3 and 4 shall be re-
numbered respectively as items 2 and 3;
(b) for Annexure 1—Salaries, the following shall be uubstituted, namely :—
''ANNIXUHE I—SALARIES
Rs.
I. Name and address of the Employer
allowance to the
Total amount of salary, wages, etc. including cash
2.
extent these arc not exempt from tax
of rent or at a
Value of accommodat on provided by the employer free
3-
concessional rent . . . . ..
Perquisite value of motor car or other conveyance provided by the.
4-
employer ,
., provided by the
Perquisite value of domestic or personal services etc.
5-
employer . . . . . ..
details)
Any other amount chargeable under 'Salaries' (Give
6.
GROSS SALARY .
S SI AHtl UAZJUl'lii Of 1JN1J1A JHA1KAUKULNAKY L^ART 11—SEC. 3(.11; J
Deduct expenditure on—
Books [Sec, l6(,i)] •
Rs Ra
) Entertainment [Sec. 16 (iOj Profession taXj etc. [Sec, i6(iii)] . . ..
Rs.
Conveyance* [Sec. i6(iv)] , . ;
(i) Category of conveyance
(Indicate whether motor car/motor cyclc/scoorer/orher
moped/bicycle/any other conveyance)
!ii> No. of calendar months including part-rmonths) during which the conveyance was usedforthe purpose of employment, in the previous year..... .
Utner items, if any (give details) [See i6(v)] ,
Rs
w
Total
RB
Net amount under the head 'Salaries'
Rs
•An employee receiving conveyance allowance is not entitled to this deduction.".
[No. 1 0 / F. No. 3(21)/68-TPL.]
V. RAMASWAMI IYER, Secy.
"PRIKTBD IT THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, N1W DKLMI AND PUBLISHED BY THE MANAGER 01" PUBLICATIONS, DELHI, 1 9 69