The CBDT vide Notification No. 19/2021, dated March 26, 2021 has issued the ‘Income-tax (6th Amendment) Rules, 2021’ to further amend the Income-tax Rules, 1962 (“Income-Tax Rules”), in a following manner:
- Rule 2C of the Income Tax Rules has been substituted with regard to application for the purpose of grant of approval of a fund or trust or institution or university or any hospital or other medical institution specified therein. Further, new Form No. 10A & Form No. 10AB, manner of furnishing and documents required with regard to same has been introduced.
- Form No. 3CF-I/II and Form No. 3CF-III has been substituted by ‘Form No. 3CF’ under Rule 5C and Rule 5F respectively of the Income-Tax Rules and manner of furnishing the same has been introduced with regard to deductions of expenditure on scientific research.
- New Rule 5CA has been inserted in the Income-Tax Rules with regard to intimation by way of application for the purpose of grant of approval, or continuance of deductions on expenditure on scientific research.
- Rule 11AA of the Income-Tax Rules with regard to requirement for approval of institution of fund in relation to donations made after March 31, 1992 has been substituted.
- Rule 17A of the Income-Tax Rules with regard to application for registration of charitable or religious trusts etc. has been substituted. Further, manner of furnishing the application and documents required with regard to same has been introduced.
- New Rule 18AB has been inserted under the Income-Tax Rules for furnishing of statement of particulars and certificate by the institution or fund specified therein. Further, a new Form No. 10BD, and manner of furnishing with the same has been introduced.
The Notification will come into force on April 1, 2021.
The Notification can be accessed at: http://egazette.nic.in/WriteReadData/2021/226170.pdf