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<h1>CBDT Amends Income-tax Rules: Updates FORM NO. 2B, Requires Detailed Reporting of Income and Losses for Previous Years.</h1> The Central Board of Direct Taxes, under the Ministry of Finance, issued the Income-tax (8th Amendment) Rules, 1999, amending the Income-tax Rules, 1962. Effective from the date of publication in the Official Gazette, the amendments involve changes to Appendix II, specifically in the 'Acknowledgement' section of FORM NO. 2B. Modifications include the omission of certain figures '19' and '199' and updates to item 12, which now requires detailed reporting of total income and losses for previous years within a block period. These changes aim to streamline the reporting process for income and losses in tax returns.