Notification No -112/2024

Dated-15/10/2024

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

G.S.R. 639(E).— In exercise of the powers conferred by section 295 read with section 192 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 (Eighth Amendment) Rules, 2024.

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

2. In the Income-tax Rules, 1962,––

(a) in rule 21AA, –

(i) in the marginal heading, for the word, figures and brackets “section 89(1)”, the word and figures “section 89” shall be substituted;

(ii) for the words, brackets and figures “sub-section (1) of section 89”, the word and figures “section 89” shall be substituted;

(b) for rule 26B, the following rule shall be substituted, namely :–

“26B. Statement of particulars of income under heads of income other than "Salaries" or details of tax deducted at source or tax collected at source.–– The assessee may submit to the person responsible for making payment under sub-section (1) of section 192, the details of ––

(a) any income chargeable under any head of income other than ‘Salaries’ received in the same financial year; or

(b) any tax deducted at source or tax collected at source under the provisions of Part B or Part BB of Chapter XVII, for the same financial year; or

(c) loss, if any, under the head “Income from house property” in the same financial year,

in Form No. 12BAA, for the purpose of computing the tax deduction at source under sub-section (1) of section 192.”;

(c) in Appendix II,––

(A) in Form No. 10E, –

(i) in the heading, for the word, figures and brackets “section 89(1)”, the word and figures “section 89” shall be substituted;

(ii) in Annexure I, against serial number 8, for the word, figures and brackets “section 89(1)”, the word and figures “section 89” shall be substituted;

(iii) in Annexure II, against serial number 12, for the word, figures and brackets “section 89(1)”, the word and figures “section 89” shall be substituted;

(iv) in Annexure IIA, against serial number 12, for the word, figures and brackets “section 89(1)”, the word and figures “section 89” shall be substituted;

(v) in Annexure III, against serial number 12, for the word, figures and brackets “section 89(1)”, the word and figures “section 89” shall be substituted;

(vi) in Annexure IV, against serial number 12, for the word, figures and brackets “section 89(1)”, the word and figures “section 89” shall be substituted;

(B) after Form No. 12BA, the following Form shall be inserted, namely –

“FORM NO. 12BAA

[See rule 26B]

tatement showing particulars for the purposes of sub-section (2B) of section 192

1. Name and address of the employee:

2. [Permanent Account Number or Aadhaar Number] of the employee:

3. Financial year:

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