The Central Board of Direct Taxes (CBDT) on November 29, 2024, notified Income-tax (Tenth Amendment) Rules, 2024 further to amend the Income-tax Rules, 1962.
The following has been stated: -
•In rule 10TD, in sub-rule (3B), for the words and figures “assessment years 2020-21, 2021-22, 2022-23 and 2023-24”, the words and figures “assessment years 2020-21, 2021-22, 2022-23, 2023-24 and 2024- 25” shall be substituted.
•With effect from the date of publication of this notification in the Official Gazette,-
(i)After rule 10THD, the following rules shall be inserted, namely:–
DCA.— Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head “Profits and gains of business or profession
They shall deemed to have come into force on April 01, 2024.
The detailed rules are given in the document below.
[Notification No. G.S.R. 739(E)]
