NOTIFICATION
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
DATED : 30.05.2023
G.S.R. 399(E).— In exercise of the powers conferred by clauses (i), (ii), (iii) and (iv) of the first proviso to sub-section (5) of section 80G and the third proviso to sub-section (5) of section 80G read with section 295 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. Short title and commencement. ΜΆΜΆ (1) These rules may be called the Income-tax (7th Amendment) Rules, 2023.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Income-tax Rules, 1962, in rule 11AA, for sub-rule (7), the following sub-rule shall be substituted, namely:-
"(7) In case of an application made under clause (iv) of the first proviso to sub-section (5) of section 80G of the act, the provisional approval shall be effective from the assessment year relevant to the previous year in which such application is made.".
[Notification No. 34/2023/F. No. 370142/13/2023-TPL]
