In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:

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.... They shall come into force on the 1st day of April, 1989. 2.  In the Income-tax Rules, 1962,- (a) for rule 31, the following rule shall be substituted, namely:- "Certificate of tax deducted at source. 31.(1)The certificate of deduction of tax at source under section 203 to be furnished by any person deducting tax in accordance with the provisions of sections 192 to 194, section 194A, section 194B, section 194BB, section 194C, section 194D and section 195 shall be in Form No.16. (2)  The certificate mentioned in sub-rule (1) shall be issued on a paper serially numbered and printed by the Central Government in book form and supplied for a consideration to the person deducting tax at source on an a....

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....ed in Form No.16. (5)  The Assessing Officer before giving credit for the tax deducted at source on the basis of duplicate certificate referred to in sub-rule (4), shall get the payment certified from the Income-tax Officer designated in this behalf by the Chief Commissioner or the Commissioner and shall also obtain an Indemnity Bond from the assessee."; (b) In Appendix II, - (i)  for Form No.16, the following form shall be substituted, namely:- "FORM NO. 16" (See Rule 31) Certificate of Deduction of Tax at source issued under section 203 of the Income-tax Act, 1961. Tax Deduction A/c No. ....................... TDS Certificate No: Name & Address .........................

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....___________________________ +("at the rate of.............per cent" - not applicable for Salaries.) 4.         Complete address of ITO before whom annual Return/Statement u/s 206 is to be delivered. Signature of the person responsible for deduction of tax. Place..................... Full Name ..................... Date...................... Designation .................... *In case of salaries, the particulars required as overleaf should be furnished. Details of salary paid and deducted at source during the year: Amount of salary Bill No./Challan No. of payment Date of payment Amount of tax deducted Name of Bank Branch where tax....

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....innings from horse races (Sec. 194BB): 06, Payments to contractors and sub-contractors (Sec. 194C): 07, Insurance Commission (Sec. 194D): 08, other sums (Sec. 195): 09:; (ii) for Form No. 17, the following form shall be substituted, namely:- "Form No.17" (See Rule 31) Application for issue of TDS Certificate Books To The Commissioner of Income-tax, ........................................ ........................................ Sir, The undersigned has been allotted Tax Deduction Account No.................. vide your letter No....................... dated TDS Certificates. 2.         The Book No.(s) ................................... containing certificates num....