Income-tax (30th Amendment) Rules, 2022

Sep 15, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Direct Taxes (CBDT) on September 14, 2022 has issued The Income-tax (30th Amendment) Rules, 2022 to further amend The Income-tax Rules, 1962. This has come into force on September 14, 2022.

The following has been amended namely: -

• Rule 121A which states “Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity” has been substituted namely: -

1. The statement required to be furnished under section 285B by a person carrying on the production of cinematograph film or engaged in specified activity, or both, shall be in Form No. 52A for each previous year and shall be filed within sixty days from the end of the previous year.

2. Form No. 52A shall be furnished electronically

• Form No. 52A in Appendix II which states “Statement to be furnished under section 285B of the Income-tax Act, 1961 by a person carrying on production of a cinematograph film or engaged in specified activity or both” has been substituted.

 

Please refer to the Notification to view the Form

 

[Notification No. G.S.R. 697(E)]

 


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