CBDT notifies rule for taxation of accreted income of trust u/s 115TD
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 21st April, 2017
G.S.R.399(E).– In exercise of the powers conferred by section 295 read with section 115TD 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 (8th Amendment), Rules, 2017.
(2) They shall be deemed to have come into force from the 1st day of June, 2016.
2. In the Income-tax Rules, 1962, after rule 17CA, the following rule shall be inserted, namely: –
“17CB. Method of valuation for the purposes of sub-section (2) of section 115TD. (1)