Notification No. 14/2011 [F. NO. 142/25/2008-SO(TPL)], Dated 9-3-2011
In exercise of the 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 (First Amendment) Rules, 2011.
(2) They shall come into force on the 1st day of April, 2011.
2. In rule 6DDA of the Income-tax Rules, 1962,–
(a) for clause (iv), the following clause shall be substituted, namely: –
“(iv) the stock exchange shall ensure that transactions (in respect of cash and derivative market) once registered in the system are not erased”;
(b) after clause (iv), the following clause shall be inserted, namely: –
“(v) the stock exchange shall ensure that the transactions (in respect of cash and derivative market) once registered in the system are modified only in cases of genuine error and maintain data regarding all transactions (in respect of cash and derivative market) registered in the system which have been modified and submit a monthly statement in Form No. 3BB to the Director General of Income-tax (Intelligence), New Delhi within fifteen days from the last day of each month to which such statement relates.”
3. In rule 6DDB of the Income-tax Rules, 1962, in clause (iii) of sub-rule (2), for the word, brackets and letters “clause (iv)”, the word, brackets and letter “clause (v)” shall be substituted.
4. In Appendix-II of the Income-tax Rules,1962, after Form No.3BA, the following Form shall be inserted, namely:-‘
NOW THE PROCESS OF COMPLETION OF INCORPORATION OF COMPANY IS OVER IN DAY AND THE REGISTERING COMPANY GET ITS CERTIFICATE OF REGISTRATION ON THE SAME DAY