Income-tax (First Amendment) Rules, 2007

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.... (a) in rule 67A, in the Explanation, for the words "dependent parents, sisters and minor brothers", the words "dependent parents" shall be substituted; (b) after rule 71, the following rule shall be inserted, namely: "Certain rules not to apply. 71 A. The conditions stipulated in rules 68, 69, 70 and 71 shall not apply in respect of withdrawals made after 1^st April, 2007 from a fund which fulfills the conditions stipulated in ^1[clause] (ea) of rule 4 of Part A of the Fourth Schedule to the Income-tax Act, 1961."; (c) in rule 74, (i) for sub-rule (4), the following shall be substituted, namely: "(4) An abstract for the financial year or other applicable accounting period of the individual account of each....

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....es and letter "The application shall be furnished in Form number 40C and shall include the following information" shall be substituted; (ii)  for sub-rule (4), the following shall be substituted, namely: "The application in Form number 40C shall be verified in the manner specified therein."; (iii) after sub-rule (4) as so amended, the following shall be inserted, namely: "(5) A fund which has been granted recognition on or before 31^st March, 2006 or has applied for recognition before the publication of this notification in the Official Gazette, shall make a fresh application in Form No. 40C through the assessing officer referred to in sub-rule (2)." (e) for rule 79, the following shall be substituted, ....

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....ntained: 12. The number of trustees of the fund: 13. The name and address of the trustees: 14. (a) Whether it is an irrevocable trust : Yes/No (b) If not, the reasons thereof: 15. Please indicate the contribution by the employee as a percentage of his salary: 16. Please indicate the contribution by the employer as a percentage of employee's salary: 17. The contribution being made/proposed to be made by the employer: 18. Whether the establishment is covered under Employees' Provident Fund and Miscellaneous Provisions Act, 1952 (EPF and MP Act):                        Yes/No ....