These are the latest notifications issued by CBDT on Income Tax which have been published recently. The notifications are open for discussion and we invite expert comments from our members on its applicability and effect on relevant issues.
G.S.R. 885(E).—In exercise of the powers conferred by section 46 read with section 68 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), the Central Government hereby makes the following rules further to amend the Prohibition of Benami Property Transactions Rules, 2016, namely:‒
1. (1) Short title and commencement. (1) These rules may be called the Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019.
(2) They shall come into force from the date of their publication in the Official Gazette.
2. In the Prohibition of Benami Property Transactions Rules, 2016 (hereinafter referred to as the said rules) in rule 10, ‒
(a) for sub-rules (1) and (2), the following rules shall be substituted, namely:-