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CBDT modifies Form 15H

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MINISTRY​​ OF​​ FINANCE

(Department​​ of​​ Revenue)

(CENTRAL​​ BOARD​​ OF​​ DIRECT​​ TAXES)

NOTIFICATION

New​​ Delhi,​​ the​​ 22nd​​ May,​​ 2019

INCOME-TAX

G.S.R.​​ 375(E),—​​ In​​ exercise​​ of​​ the​​ powers​​ conferred​​ by​​ sub-section​​ (1C)​​ of​​ section​​ 197A​​ 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:

  • Short​​ title​​ and​​ commencement.—

    • This​​ rule​​ may​​ be​​ called​​ the​​ Income-tax​​ (4th​​ Amendment)​​ Rules,​​ 2019.

    • It​​ shall​​ come​​ into​​ force​​ from​​ the​​ date​​ of​​ its​​ publication​​ in​​ the​​ Official​​ Gazette.

2.In​​ the​​ Income-tax​​ Rules,​​ 1962,​​ in​​ Appendix​​ II,​​ in​​ Form​​ No.​​ 15H​​ in​​ Part​​ II,​​ in​​ note​​ 10,​​ the​​ following​​ proviso​​ shall​​ be​​ inserted,​​ namely:—

“Provided​​ that​​ such​​ person​​ shall​​ accept​​ the​​ declaration​​ in​​ a​​ case​​ where​​ income​​ of​​ the​​ assessee,​​ who​​ is​​ eligible​​ for​​ rebate​​ of​​ income-tax​​ under​​ section​​ 87A,​​ is​​ higher​​ than​​ the​​ income​​ for​​ which​​ declaration​​ can​​ be accepted​​ as​​ per​​ this​​ note,​​ but​​ his​​ tax​​ liability​​ shall​​ be​​ nil​​ after​​ taking​​ into​​ account​​ the​​ rebate​​ available​​ to​​ him​​ under​​ the​​ said​​ section​​ 87A.”.

[Notification​​ No.​​ 41/2019/F.​​ No.​​ 370142/5/2019-TPL]​​ SAURABH​​ GUPTA,​​ Under​​ Secy.​​ (Tax​​ Policy​​ &​​ Legislation)

Note:​​ The​​ principal​​ rules​​ were​​ published​​ in​​ the​​ Gazette​​ of​​ India,​​ Extraordinary,​​ Part-II,​​ Section-3,​​ Sub-section​​ (ii)​​ vide​​ number​​ S.O.​​ 969(E),​​ dated​​ the​​ 26th​​ March,​​ 1962​​ and​​ were​​ last​​ amended​​ vide​​ notification​​ G.S.R.​​ No.​​ 304(E),​​ dated​​ ​​ 12th​​ April,​​ 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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