[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,
                      SECTION 3, SUB-SECTION (ii)]
                        GOVERNMENT OF INDIA
                        MINISTRY OF FINANCE
                         (Department of Revenue)
                 (CENTRAL BOARD OF DIRECT TAXES)

                                      NOTIFICATION

                                                                   New Delhi, the 5th May, 2016

                                       INCOME-TAX

S.O. 1655 (E). In exercise of the powers conferred by section 295 read with section 195 of the
Incometax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the
following rules further to amend the Incometax Rules, 1962, namely:







1. (1). These rules may be called the Income-tax (12th Amendment) Rules, 2016.

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

 2. In the Income-tax Rules, 1962, in rule 29B, in sub-rule (2), the clause (iii) shall be
omitted.








                                        [Notification No.31/2016, F. No.370142/3/2016-TPL]




                                                                 (PITAMBAR DAS)
                                          DIRECTOR (TAX POLICY AND LEGISLATION)


Note: The principal rules were published in the Gazette of India vide notification number
S.O.969(E), dated the 26th March, 1962 and last amended vide notification number S.O.1587
(E), dated the 29th April, 2016.