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<h1>Income-tax Rules Amended: Date in Rule 114B Changed to June 30, Effective Retroactively from March 1, 2017.</h1> The Income-tax (Seventh Amendment) Rules, 2017, issued by the Central Board of Direct Taxes, amends the Income-tax Rules, 1962. Effective retrospectively from March 1, 2017, the amendment changes the date in rule 114B from '28th day of February' to '30th day of June.' This change is made under the authority of sections 139A, 285BA, and 295 of the Income-tax Act, 1961. The amendment ensures no adverse effects on individuals due to its retrospective application.