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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.









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