Amendment of Income tax Rules – Prescribing manner of determination of amount received by the company in respect of share – section 115QA

(Department of Revenue)
New Delhi, the 17th October, 2016


G.S.R. 982(E).—In exercise of the powers conferred by section 115QA read with 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 (28th Amendment), Rules, 2016.

(2) They shall come into force from the 1st June, 2016. 2. In the Income-tax Rules, 1962, after PART-VII B, the following part shall be inserted, namely: –

Amendment of Income tax Rules

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