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<h1>Income-tax Amendment 2004: Form 3AA Updated; Item 4 Percentage Reduced from 25% to 10% Effective April 2005</h1> The Income-tax (Fifteenth Amendment) Rules, 2004, issued by the Central Board of Direct Taxes, amend the Income-tax Rules, 1962. Effective from April 1, 2005, the amendment modifies Form No. 3AA in Appendix-II, specifically changing the percentage in item 4 from 'twenty-five per cent' to 'ten per cent.' This change is made under the authority of Section 295 and clause (iia) of Sub-section (1) of Section 32 of the Income-tax Act, 1961. The principal rules were initially published in 1962 and last amended by the Fourteenth Amendment in November 2004.