Income-tax (25th Amendment) Rules, 2022

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.... 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 expiry of the time allowed under sub-section (1) of section 139 of the Act for furnishing the return of income of the relev....

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.... 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 .......................................................................... [n....

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....yyyyy Ending previous year yyyy-yyyyy Period in years 1 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 the third proviso to clause (23C) of s....