Income tax rule amendment replaces the prescribed withholding form, altering Appendix II compliance requirements under the Rules. Rulemaking under section 296 read with sub section (3) of section 269UC amends the Income tax Rules, 1962 by promulgating the Income tax (Twelfth Amendment) Rules, 1994, which substitute the existing Form No.37 I in Appendix II with a new prescribed form, thereby modifying the form based compliance requirements under those rules.
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Income tax rule amendment replaces the prescribed withholding form, altering Appendix II compliance requirements under the Rules.
Rulemaking under section 296 read with sub section (3) of section 269UC amends the Income tax Rules, 1962 by promulgating the Income tax (Twelfth Amendment) Rules, 1994, which substitute the existing Form No.37 I in Appendix II with a new prescribed form, thereby modifying the form based compliance requirements under those rules.
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