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of <h1>India's Ministry of Finance Extends Rule 31A Time Frame from 7 to 30 Days Effective June 1, 2016.</h1> The Government of India's Ministry of Finance, through the Central Board of Direct Taxes, issued Notification No. 39/2016 on May 31, 2016, amending the Income-tax Rules, 1962. The amendment, effective from June 1, 2016, changes the time frame in rule 31A, sub-rule (4A), from 'seven days' to 'thirty days.' This adjustment is made under the authority granted by section 200 read with section 295 of the Income-tax Act, 1961.
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