The draft safe harbour rules have been posted for comments by 26.08.2013.
[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 day of August, 2013
INCOME – TAX
In exercise of the power conferred under section 92CB read with section 295 of the Income-tax Act, 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 (….Amendment), Rules, 2013
(2) These 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 Rules), –
(A) In Part-II, in sub-part D, after rule 10T, the following shall be inserted, namely:-
‘Safe Harbour Rules’
Definitions
10TA. For the purposes of this rule and rule 10TB to rule 10TG, –
(i) “Software development services” mean the following, namely:-
(a) business application software and information system development using known methods and existing software tools;
(b) support for existing systems;
(c) converting and/or translating computer languages;
(d) adding user functionality to application programmes;
(e) debugging of systems;
(I) adaptation of existing software;
(g) preparation of user documentation, but does not include the research and development services ;
To Read More – Download Draft Safe Harbour Rules for Comments
