Income-tax (eighth Amendment) Rules, 2021 - Amends Rule 6G. Report of audit of accounts to be furnished under section 44AB - Revision of Tax Audit Report in certain cases

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.... New Delhi, the 1st April, 2021 (INCOME-TAX) G.S.R. 246(E).--In exercise of the powers conferred by section 44AB read with section 295 of the Income-tax Act (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. Short title and commencement.- (1) These rules may be called the Income-tax (eighth ....

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....ollowing clause shall be substituted, namely: - "8A Whether the assessee has opted for taxation under section 115BA/115BAA/115BAB/ 115BAC/115BAD?." ; (ii) in PART-B, for clause 17,the following clause shall be substituted, namely:- "17. Where any land or building or both is transferred during the previous year for a consideration less than value adopted or assessed or as....

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.... profession..... (cc) Adjusted written down value.........."; (iv) in clause 32, for sub-clause (a), the following sub-clause shall be substituted, namely:- (a) Details of brought forward loss or depreciation allowance, in the following manner, to the extent available: Serial Number Assessment Year Nature of loss/ allowance (in rupees) A....