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<h1>New Rule 16D: File Form 56F for Section 10AA Deductions in Special Economic Zones, Effective July 29, 2021.</h1> The Income-tax (Twenty Sixth Amendment) Rules, 2023, introduces Rule 16D, which specifies the form for claiming deductions under Section 10AA of the Income-tax Act, 1961. Effective from July 29, 2021, this amendment requires assessees to furnish a report in Form No. 56F, prepared by a chartered accountant, for claiming deductions related to units in Special Economic Zones. The form includes details about the unit's business, location, export turnover, and the deduction amount claimed. The amendment ensures no adverse effects on individuals due to its retrospective application.