[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
                       SECTION 3, SUB-SECTION (i)]

                             GOVERNMENT OF INDIA
                              MINISTRY OF FINANCE
                            DEPARTMENT OF REVENUE
                         CENTRAL BOARD OF DIRECT TAXES

                                     NOTIFICATION

                                                       New Delhi, the 15th November, 2016

       G.S.R 1068(E).- In exercise of the powers conferred by section 285BA, read with
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 Income­tax (30th Amendment) Rules, 2016.
   (2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 114B, in
the Table, for serial number 10 and entries relating thereto the following serial number
and entries shall be substituted, namely:-
Sl. No.             Nature of transaction                    Value of transaction
  (1)                        (2)                                      (3)
 "10.     Deposit with,-                           Cash deposits,-
          (i) a banking company or a co-           (i) exceeding fifty thousand rupees
          operative bank to which the Banking      during any one day; or
          Regulation Act, 1949 (10 of 1949),       (ii) aggregating to more than two lakh
          applies (including any bank or           fifty thousand rupees during the period
          banking institution referred to in       09th November, 2016 to 30th December,
          section 51 of that Act);                 2016.".
          (ii) Post Office.






3. In the said rules, in rule 114E, 
(i) in sub-rule (2), in the Table, after serial number 11 and entries relating thereto the
following serial number and entries shall be inserted, namely:-
Sl. No.    Nature and value of transaction           Class of person (reporting person)
  (1)                    (2)                                         (3)
 "12.     Cash deposits during the period       (i) A banking company or a co-operative
          09th November, 2016 to 30th           bank to which the Banking Regulation Act,
          December, 2016 aggregating to         1949 (10 of 1949) applies (including any
          (i) twelve lakh fifty thousand        bank or banking institution referred to in
          rupees or more, in one or more        section 51 of that Act);
          current account of a person; or       (ii) Post Master General as referred to in
         (ii) two lakh fifty thousand rupees clause (j) of section 2 of the Indian Post
         or more, in one or more accounts Office Act, 1898 (6 of 1898).";
         (other than a current account) of a
         person.

(ii) in sub-rule (5), the following proviso shall be inserted, namely:-
"Provided the statement of financial transaction in respect of the transactions listed at
serial number (12) in the Table under sub-rule (2), shall be furnished on or before the 31st
day of January, 2017.".








                                   [Notification No. 104/2016][F.No.370142/32/2016-TPL]



                                                                        (Dr. T.S. Mapwal)
                                               Under Secretary to the Government of India



Note:- The principal rules were published vide notification S.O. 969 (E), dated the 26th
March, 1962 and last amended vide notification S.O.3399(E), dated 07th November, 2016.