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Updated: Deduction of tax from income by way of Rent under Sec. 194I.

Dear Friends,

As per your Instruction, the updated  notification regarding  Deduction of tax from income by way of Rent under Sec. 194I.

[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
New Delhi, the   18th February, 2010

NOTIFICATION
INCOME-TAX

S.O. 424 (E).– 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 Income-tax ( First  Amendment) Rules, 2010.
(2)    They shall come into force from the 1st day of April, 2009.

2.    In the Income-tax Rules, 1962, -

(a)    for rules 30, 31 and 31A the following rules shall be substituted, namely:-

“Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192.
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Click Here to read Full Notification

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