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

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....eign 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 of the Reserve Bank of India in favour of the Assessing Officer or the Tax Re....

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....smitted 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 such tax authority. (4) The Principal Director General of Income-tax (Systems) or the Director General of Incometax (Systems) shall specif....

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....r 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 Income and Assets) and Imposition of Tax Act, 2015. 1. Name in full (block letters) ______________________________ 2. Father's/husband's name ________________________....