Income-tax (Seventh Amendment) Rules, 1998

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....irect Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- (1) These rules may be called the Income-tax (Seventh Amendment) Rules, 1998. (2) They shall be deemed to have come into force on the 1st day of August, 1997. 2. In the Income-tax Rules, 1962, in rule 2 BB, in sub-rule (2), in the Table, after serial number 9, the following serial number and ent....

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....wance of an amount not exceeding ₹ 800 per month, in accordance with their entitlement, The officers of the rank of Joint Secretary and above in the Central Government are entitled for official vehicles for the purpose of their journeys from home to office and back in lieu of the transport allowance which is not treated as a perquisite and is not taxed under the Income-tax Act, 1961. But, th....