Notification No. 124/2005, Dated 30-3-2005
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 (Eleventh Amendment) Rules, 2005.
(2) They shall come into force on the date of publication in the Official Gazette.
2. In the Income-tax Rules, 1962, —
(a) In Part VI, in rule 37, in the Table, against serial number 2, in column (1), for the words, figures and letter ‘and under section 194K from “Income in respect of units”’; the words, figures and letters ‘under section 194K from “Income in respect of units” and under section 194LA from “Payment of compensation on acquisition of certain immovable property”’ shall be substituted;
(b) in Appendix II,—
(i) for Form No. 24, the following form shall be substituted, namely :—
FORM NO. 24
(ii) for Form No. 26, the following form shall be substituted, namely :—
FORM NO. 26
(iii) for Form No. 27, the following form shall be substituted, namely :—
FORM NO. 27
(iv) for Form No. 27E, the following form shall be substituted, namely :—
FORM NO. 27E
(c) in Part VI-A, for rule 37E, the following rule shall be substituted, namely:—
“37E. Prescribed returns regarding tax collected at source under section 206C(5A) – Every person collecting tax in accordance with the provisions of section 206C shall, in respect of a financial year, deliver or cause to be delivered to the Income-tax Authority referred to in rule 37F, the return for collection of tax in Form No. 27E by the end of June following the financial year. . . .”
[F. No. 149/87/2004-TPL]
