CBDT notifies rule for taxation of accreted income of trust u/s 115TD

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 21st April, 2017

INCOME-TAX

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)