Filing deadline amendment shifts specified compliance cutoff to later in the year, applied retrospectively without adverse effect. The Income tax (Seventh Amendment) Rules, 2017 amend the Income tax Rules, 1962 by substituting the fourth proviso to rule 114B so that the prior end of February compliance cutoff is replaced by an end of June cutoff. The amendment is effective from 1 March 2017 and is applied retrospectively, with a stated intent that no person will be adversely affected by the retrospective effect.
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Filing deadline amendment shifts specified compliance cutoff to later in the year, applied retrospectively without adverse effect.
The Income tax (Seventh Amendment) Rules, 2017 amend the Income tax Rules, 1962 by substituting the fourth proviso to rule 114B so that the prior end of February compliance cutoff is replaced by an end of June cutoff. The amendment is effective from 1 March 2017 and is applied retrospectively, with a stated intent that no person will be adversely affected by the retrospective effect.
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