Introducing the βIn Favour Ofβ filter in Case Laws.
- βοΈ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- π Narrow down results with higher precision
Try it now in Case Laws β


Just a moment...
Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income-Tax Rules Amended: Updates to Form 16, Deductions, and Tax Calculations under Sections 80C, 80CCC, 80CCD</h1> The Income-tax (First Amendment) Rules, 2006, effective upon publication in the Official Gazette, amend the Income-tax Rules, 1962. Key changes include adjustments in Form No. 16 within Appendix II: the omission and relettering of clauses in items 4 and 5, and revisions to item 9 concerning deductions under Chapter VIA, specifically sections 80C, 80CCC, and 80CCD. The amendments specify that the aggregate deductible amount under these sections should not exceed one lakh rupees. Additionally, items 13 to 15A and item 17 are updated to reflect new calculations for surcharge, education cess, and total tax payable.