Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: empanelment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: cpt
News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

Income-tax (7th Amendment) Rules, 2006 notified
July, 25th 2006








New Delhi, the    24th July, 2006





            S.O. _____(E). In exercise of powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-


1.      (1)  These rules may be called the Income-tax ( 7th Amendment ) Rules, 2006.

         (2)     They shall come into force from the date of their publication in the Official Gazette.


2.      In the Income-tax Rules, 1962, -


         (a)  in rule 12, -


                  (i)   for the heading Return of income., the heading Return of income and return of fringe benefits. shall be substituted; 


                  (ii)  in sub-rule (1), -


                           (A)    for the portion beginning with words The return of income and ending with words and figures section 142 shall,-, the following shall be substituted, namely:-


                                          The return of income required to be furnished under sub-section (1), or proviso to sub-section (1), or sub-section (2), or sub-section (3), or sub-section (4A), or sub-section (4B) or sub-section (4C) of section 139 or clause (i) of sub-section (1) of section 142 or the return of fringe benefits required to be furnished under sub-section (1) or sub-section (2) of section 115WD or under sub-section (3) of section 115WH shall,-;


(B)    after clause (e), the following clause shall be inserted, namely:-


               (f)  in the case of a person who


(i)                  is required to furnish the return of income and also the return of fringe benefits but has filed the return of income in Form No. 1 or Form No. 2 or Form No. 2D or Form No. 3A for the assessment year 2006-07 before the publication of these rules or opts to furnish the return of income in Form No. 2D; or

(ii)                is not required to furnish the return of income but is required to furnish the return of fringe benefits,


the return of fringe benefits shall be in Form No. 3B and be verified in the manner indicated therein.;


(iii) after sub-rule (2), the following sub-rule shall be inserted, namely:-


(3) The return of income or the return of fringe benefits to be furnished in Form No.1 or Form No.2 or Form No.3 or Form No. 3B shall not be accompanied by a statement showing the computation of the tax payable on the basis of the return, or proof of the tax, if any, claimed to have been deducted at source or the advance tax or tax on self-assessment, if any, claimed to have been paid or any document or copy of any account or Form or report of audit required to be attached with the return of income or the return of fringe benefits under any of the provisions of the Income-tax Act, 1961.


(b)  in APPENDIX II, for Form No.1, Form No.2 and Form No.3, the following Forms shall be substituted, namely:-









[Notification No. 189/2006 / F.No.142/41/2005-TPL]  



Sharat Chandra, Director (TPL-IV)



Note: The principal rules were published under notification No. S.O. 969 dated the 26th March, 1962 and last amended by Income-tax ( Sixth  Amendment) Rules, 2006 vide notification No. S.O.  1152 (E) dated 20.07.2006.









Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions