MANU/CBDT/0076/2015

Ministry : Ministry of Finance

Department/Board : CBDT

Notification No. : 62/2015

Date : 07.08.2015

Notification/ Circulars Referred : DBOD.AML.BC. No.71/14.01.001/2012-13, issued on the 18th January, 2013 MANU/DBOD/0007/2013;CIR/MIRSD/2/2013, issued on the 24th January, 2013 MANU/SSMD/0010/2013;IRDA/SDD/GDL/CIR/019/02/2013 MANU/IRDA/0004/2013

Citing Reference:
DBOD.AML.BC. No.71/14.01.001/2012-13, issued on the 18th January, 2013 MANU/DBOD/0007/2013  Referred

CIR/MIRSD/2/2013, issued on the 24th January, 2013 MANU/SSMD/0010/2013  Referred

IRDA/SDD/GDL/CIR/019/02/2013 MANU/IRDA/0004/2013  Referred

Income Tax (11th Amendment) Rules, 2015.

S.O.2155(E).--In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government with respect to registration of persons, due diligence and maintenance of information, and the Board for matters relating to statement of reportable accounts, hereby make the following rules further to amend the Income-tax Rules, 1962, namely:-

1.       (1) These rules may be called the Incometax (11th Amendment) Rules, 2015.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), after rule 114E, the following rules shall be inserted, namely:-

114F Definitions.- For the purpose of this rule and rules 114G and 114H,-

(1) financial account means an account (other than an excluded account) maintained by a financial institution, and includes-

(i) a depository account;