Income Tax Notification No. 84/2010 and Notification No. 85/2010

Income-tax (Eighth Amendment) Rules, 2010 - Amendment in Rule 2BB

Notification No. 85/2010 [F. No. 149/45/2010-S.O. (TPL)], dated 22-11-2010

In exercise of the powers conferred by section 295 read with clause (14) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rule further to amend Income-tax Rules, 1962, namely :—

1. (1) These Rule may be called the Income-tax (8th Amendment) Rules, 2010.

(2) They shall be deemed to have come into force retrospectively with effect from 1st day of September, 2008.

2. In the Income-tax Rules, 1962, in rule 2BB, in sub-rule (2), in the Table, against serial number 4, in column 4, for letters, figures and words “Rs. 6,000 per month” the letters, figures and words, Rs. 10,000 per month” shall be substituted.

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Tax Return Preparer (First Amendment) Scheme, 2010 - Amendment in paragraphs 2 and 11

Notification No. 84/2010 [F. No. 142/16/2010-S.O. (TPL)], dated 22-11-2010

In exercise of the powers conferred by sub-section (1) of section 139B of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby amends the Tax Return Preparer Scheme, 2006, published vide notification number S.O. 2039(E) dated the 28th November, 2006 namely :—

1. (1) This Scheme may be called the Tax Return Preparer (First Amendment) Scheme, 2010.

(2) It shall come into force from the date of its publication in the Official Gazette.

2. In the Tax Return Preparer Scheme, 2006, :—

(a) for the proviso to sub paragraph (f) of paragraph 2, the following proviso shall be substituted, namely :—

"Provided that a person being a person referred to in clause (ii) or clause (iii) or clause (iv) of sub-section (2) of section 288 shall not be entitled to act as Tax Return Preparer.”

(b) for clause (xii) of sub paragraph (1) of paragraph II, the following shall be substituted, namely :—

“(xii) if he, after issue of Tax Return Preparer Certificate to him under clause (viii) of paragraph 4 of the Scheme, becomes a person referred to in clause (ii) or clause (iii) or clause (iv) of sub-section (2) of section 288 of the Act.”