Income-tax (25th Amendment) Rules, 2022

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.... commencement. (1) These rules may be called the Income-tax (25th Amendment) Rules, 2022. (2) They shall come into force from 1st day of April, 2023. 2. In the Income-tax Rules, 1962 (hereinafter referred to as principal rules), for rule 17, the following rule shall be substituted, namely:- "17. Exercise of option etc. under Explanation 3 to the third proviso to clause (23C) of section 10 or section 11.- (1) The option to be exercised in accordance with the provisions of the Explanation to sub-section (1) of section 11 of the Act in respect of income of any previous year relevant to the assessment year beginning on or after the 1st day of April, 2016 shall be in Form No. 9A and shall be furnished before the exp....

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....ules, in the APPENDIX, for Form No. 10, the following Form shall be substituted, namely:- "FORM No.10 [See rule 17(2)] Statement to be furnished to the Assessing Officer/Prescribed Authority under clause (a) of the Explanation 3 to the third proviso to clause (23C) of section 10 or under clause (a) of sub-section (2) of section 11 of the Income-tax Act, 1961 To The Assessing Officer/Prescribed Authority, ......................................................... ......................................................... I,,.......................................on behalf of .......................................................................... [name of the fund /institution / trust / any university / other educatio....

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....   2             3             2. The amount so accumulated or set apart has been invested or deposited in any one or more of the forms or modes specified in sub-section (5) of section 11 of the Income-tax Act, 1961. 3. It is further brought to your notice that the said......................[name of the fund /institution / trust / any university / other educational institution /any hospital / other medical institution/association] had in respect of an assessment year preceding the relevant assessment year given the statement regarding accumulation or setting apart of an amount as required under clause (a) of the Explanation 3 to....