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9-3-2006
Notification No. 50/2006
S.O. 303(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 the
Income-tax ( First Amendment) Rules, 2006.
(2) They shall come into force on
the date of their publication in the Official Gazette.
2. In the Income-tax Rules, 1962, in
Appendix II, in Form No. 16, -
(i) in item 4, -
(A) clause (a) shall be omitted;
(B) clause (b) shall be relettered as clause (a);
(C) clause (c) shall be relettered as clause (b);
(ii) in item 5, for the word, brackets
and letter "to (c)", the word, brackets and letter "and (b)"
shall be substituted;
(iii) for item 9, the following shall be
substituted, namely:-
" 9. Deductions under Chapter VIA
(A) sections 80C, 80CCC and 80 CCD
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Gross amount |
Deductible amount |
| (a) |
section 80C |
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(i)................ |
Rs............ |
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(ii)............... |
Rs............ |
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(iii).............. |
Rs............ |
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(iv).............. |
Rs............ |
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(v)............... |
Rs............ |
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(vi).............. |
Rs............ |
Rs............ |
Rs............ |
| (b) |
section 80CCC |
|
Rs............ |
Rs............ |
| (c) |
section 80CCD |
|
Rs............ |
Rs............ |
Note: 1. aggregate amount deductible
under section 80C shall not exceed one lakh rupees
2. aggregate amount deductible under
the three sections, i.e., 80C, 80CCC and 80CCD, shall not
exceed one lakh rupees
(B) other sections (for e.g., 80E, 80G
etc.) under Chapter VIA
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Gross amount |
Qualifying amount |
Deductible amount |
| (a) |
section........ |
Rs......... |
Rs......... |
Rs......... |
| (b) |
section........ |
Rs......... |
Rs......... |
Rs......... |
| (c) |
section........ |
Rs......... |
Rs......... |
Rs......... |
| (d) |
section........ |
Rs......... |
Rs......... |
Rs......... |
| (e) |
section........ |
Rs......... |
Rs......... |
Rs......... |
(iv) for items 13 to 15A, the following
items shall be substituted, namely:-
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13. Surcharge (on tax
computed at S. No. 12 ) |
Rs......... |
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14. Education Cess (on
tax at S. No. 12 and surcharge at S. No.13) |
Rs......... |
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15. Tax payable
(12+13+14) |
Rs.........", |
(v) for item 17, the following item
shall be substituted, namely:-
| "17. Tax payable (
15-16 ) |
Rs.........", |
[Notification No.
50/2006/F.No.142/40/2005-TPL]
Go to
"Income Tax Update - 2006" Listings
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