MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION No. 86/2017
New Delhi, the 5th October, 2017
G.S.R. 1221(E).— In exercise of powers conferred by 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 Income-tax (23rd Amendment) Rules, 2017.
(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 11N, in sub-rule (2), in clause (i), for the words, letters and figures “3000”, the words, letters and figures “Sitting fee of Rs. 6000” shall be substituted.
[Notification No. 86/2017/F. No. 370142/29/2017-TPL]
PITAMBAR DAS, Director (TPL)
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O 969(E) dated 26.03.1962 and last amended vide notification number G.S.R 1028(E) dated 18.08.2017.
Relevant Portion of Rule 11N as amended by above notification
11N. (1) The members of the National Committee shall not be entitled to any remuneration.
[(2) The members and Chairman of the National Committee shall be entitled to—
|(i)||Sitting fee of Rs. 6000 per day for attending a meeting of the National Committee or any Subordinate Committee set up by the Chairman of the National Committee. However, sitting fee would not be payable where applications are considered by circulation or when a member is on tour.|