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of <h1>New Rule 16D Requires Accountant Report for Section 10A Deductions; Submit in Form 56F Detailing Export Finances.</h1> The Income-tax (Seventeenth Amendment) Rules, 2000, issued by the Central Board of Direct Taxes, amends the Income-tax Rules, 1962. Effective from its publication date, this amendment introduces Rule 16D, requiring a report from an accountant for claiming deductions under Section 10A of the Income-tax Act, 1961. The report must be submitted in Form No. 56F, detailing the assessee's business, location, and financial information related to exports, including turnover and profits. The accountant must verify and certify the accuracy of the information, which is essential for computing the allowable deduction under Section 10A.
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