Income–tax (7th Amendment) Rule, 2016 - Amends rule 114E regarding Information Return or Statement of Financial Transactions

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....March, 2016 S.O.1155 (E)- In exercise of the powers conferred by section 285BA, read with 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:- 1. This rule may be called the Income-tax (7^thAmendment) Rule, 2016 and shall be deemed to have come into force from the 1st day....

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....r Statement of Financial Transaction- Administrator" shall be substituted; (II) in clause (b),- (A) in the long line, for the word "return" , the words "return or the statement" shall be substituted; (B) in clause (ii), for the word "return", the words "return or the statement" shall be substituted; (iv) in sub-rule (7), for the words "Annual Information Return"....