Income-tax (14th Amendment) Rules, 2021 - Amends Rule 114AAB - Class or classes of person to whom provisions of section 139A shall not apply

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....itle and commencement.- (1) These rules may be called the Income-tax (14th Amendment) Rules, 2021. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 114AAB,-- (I) after sub-rule (2), the following sub-rules shall be inserted, namely:-- "(2A) The provisions of section 139A shall not apply to a non-resident, being an eligible foreign investor, who has made transaction only in a capital asset referred to in clause (viiab) of section 47 which are listed on a recognised stock exchange located in any International Financial Services Centre and the consideration on transfer of su....

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.... the financial year to which such statement relates in accordance with the procedures, formats and standards specified by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) under sub-rule (3)."; (II) in sub-rule (3), for the words, brackets and figure "in accordance with the provisions of sub rule (2)" the words, brackets, figures and letter " in accordance with the provisions of sub-rule (2) or sub-rule (2B)" shall be substituted; (III) in the Explanation ,-- (A) for clause (a), the following clause shall be substituted , namely :-- '(a) ''specified fund'' means any fund established or incorporated in India in the form of a trust or a company or a limit....

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.... 3. Permanent Account Number/Aadhaar Number: 4. Details of non-resident referred to in sub-rule (1)/ sub-rule (2A) of rule114AAB Sl. No. Name E-mail address Contact number Address in the country or specified territory outside India of which the non-resident is resident Tax Identification Number, if any Unique number on the basis of which the non-resident is identified by the Government of that country or the specified territory of which he claims to be a resident (to be furnished if Tax Identification Number is not available)               Verification I .................. (full name in block letters), son/daughter of ............... having permanent ....