• Notification Date: 06-06-2023
• Notification No: N/A

CBDT Notifies Income Tax Sixth Amendment Rules 2023

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance has notified the sixth amendment of Income Tax Rules, 1962. The rules may be called Income-tax (Sixth Amendment) Rules, 2023 and deemed to have come into force on 29th May 2023. The Central Board of Direct Taxes amended the following rules to further change the Income-tax regulations of 1962 in accordance with the authority granted by subsection (1) of section 249 read in conjunction with section 295 of the Income-tax Act of 1961. 

Amendments as per the Notification  

These rules were amended by the central government through this notification.  

Rule 45  

In Rule 45, in the marginal heading, for the words and brackets “Commissioner (Appeals)”, the words and brackets “Joint Commissioner (Appeals) or Commissioner (Appeals)” shall be substituted. 

Also, in sub-rule (1) of Rule 45, for the words and brackets “Commissioner (Appeals)”, the words and brackets “Joint Commissioner (Appeals) or the Commissioner (Appeals)” shall be substituted. 

Rule 46 In Rule 46, in the marginal heading, for the words “Deputy Commissioner”, the words “Joint Commissioner” shall be substituted. Also, for the words “Deputy Commissioner” wherever they occur, the words “Joint Commissioner” shall be substituted. Appendix-II, in FORM NO. 35 In the heading, before the words “Commissioner of Income-tax”, the words and brackets “Joint Commissioner (Appeals) or the” shall be inserted. Also, before the word “Commissioner” wherever they occur, the words and brackets “Joint Commissioner (Appeals) or” shall be inserted. The Income Tax Rules give explicit guidelines and instructions for carrying out and implementing the Income Tax Act of 1961. The Income Tax Rules are complex and it is always best to refer to the official documentation or consult a tax expert for precise information. The Income Tax Rules deals with the registration of taxpayers, filing of income tax returns, assessment procedures, deductions and exemptions, Tax deduction at Source, Penalties and Prosecutions, Advance Tax …etc. It is vital that you recognise that the rules are subject to periodic changes. For the most accurate and recent information, it is therefore imperative to refer to the most recent rules published by the Central Board of Direct Taxes (CBDT) or to consult a tax expert.