Notification No./Circular No. – G.S.R. 566(E) dated August 21, 2025
Applicable Act/Rule – Income-tax Rules, 1962
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Twenty-Fourth Amendment) Rules, 2025, amending Rule 21AIA of the Income-tax Rules, 1962.
In the Income-tax Rules, 1962, in rule 21AIA, –
(a) sub-rule (4) shall be omitted;
(b) for the Explanation, the following Explanation shall be substituted, namely:
“Explanation – For the purpose of this rule, the expression “specified fund” shall havethe same meaning as assigned to it in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Act.”.
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