Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016

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....rules may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016.     (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (herein after referred to as the principal rules), after rule 12, following shall be inserted, namely: "13. Payment of sum under sub-sections (2) or (5) of section 32.-For the purpose of sub-section (2) or sub-section (5) of section 32 of the Act, the employer or debtor, as the case may be, shall remit the sum by way of pay order, drawn on an authorised bank or a branch of the State Bank of India, or a branch o....

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....sed by such authority issuing the communication. (3) The addresses for communications to be delivered or transmitted electronically in the manner provided in clause (c) of sub-section (1) of section 74, shall be- (i) the e-mail address available in the return furnished under the Income-tax Act by the addressee to which the communication relates; or (ii) the e-mail address available in the last return furnished under the Income-tax Act by the addressee; or (iii) in the case of addressee being a company, e-mail address of the company as available on the website of the Ministry of Corporate Affairs; or (iv) any e-mail address made available by the addressee to the tax authority or any person authorised by....

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....shed in Form 8 are incorrect or false may, after providing a reasonable opportunity of being heard, reject the application for approval as a valuer under sub-section (1) of section 77 of the Act". 3. In the principal rules, in the Appendix, after Form-7, the following Form shall be inserted, namely:- "Form 8 (See rule 15) Application for registration as an approved valuer under sub-section (1) of section 77 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 To The Principal Commissioner/Commissioner, Sir, I hereby apply for recognition as an approved valuer of ________________________ (class of assets) under sub-section (1) of section 77 of the Black Money (Undisclosed Foreign ....

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....p;          __________________________________              __________________________________ (ii) Residence                                                          __________________________________               __________________________________ 5. Permanent Account Numb....

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....nbsp; _________________________________ (b) If a partner of a firm, name, address and business/ profession of the firm                                                    __________________________________ 9. Details of appointment as registered valuer under section 34AB of the Wealth-tax Act, 1957: (i) Date of appointment                           &nb....