Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 Notification No. 133/2021 ENTRAL BOARD OF DIRECT TAXES
 Guidelines under sub-section (4) of section 194-O, sub-section (3) of section 194Q and sub-section (1-I) of section 206C of the Income-tax Act, 1961
 Avoid these 7 mistakes while making tax saving investments
 Income-tax (32nd Amendment), Rules, 2021
 5 Tax Saving Options for Young Professionals
 CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
 Error in Form 26AS? Here's how to fix it before filing your ITR
 All about the new annual information statement of the income tax department Explained
  Now get more information at one place to file ITR Annual Information Statement vs Form 26AS
 Notification No. 131/2021 Central Board Of Direct Taxes
 Here s how you can check income tax refund status

Relaxation of Validation (section 119 of the Finance Act, 2012) Rules, 2021
October, 15th 2021

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION
New Delhi, the 13th October, 2021

INCOME-TAX


G.S.R. 737(E).—In exercise of the powers conferred by the first provisio to section 119 of Finance Act, 2012
(23 of 2012), the Central Board of Direct Taxes hereby makes the following rules, namely:-
1. Short title and commencement. (1) These rules may be called the Relaxation of Validation (section 119 of the
Finance Act, 2012) Rules, 2021.


(2) They shall come into force from the date of their publication in the Official Gazette.
2. Form and manner of furnishing undertaking under first proviso to section 119.- The form and manner of
furnishing undertaking under Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of
section 9 of the Income-tax Act, 1961 (43 of 1961), as prescribed under sub-rule (1) and sub-rule (3) of rule 11UE and
rule 11UF of the Income-tax Rules, 1962, shall mutatis mutandis apply to clauses (i), (ii) and (iii) of the first proviso
to section 119 of the Finance Act, 2012 (23 of 2012).


3. Conditions under clause (iv) of first proviso to section 119.- The conditions for the purposes of clause (iv) of
the Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9 of the Income-
tax Act, 1961 (43 of 1961), as prescribed under sub-rule (2) of rule 11UE of the Income-tax Rules, 1962, shall mutatis
mutandis apply to clause (iv) of the first proviso to section 119 of the Finance Act, 2012 (23 of 2012).

[Notification No. 120/2021/ F. No. 370142/47/2021-TPL]
NEHA SAHAY, Under Secy. (Tax Policy and Legislation)

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting