Amendment in Rule 10CB of Income-tax Rules

Dear Reader,

Amendment in Rule 10CB of Income-tax Rules, 1962 in respect of computation of interest income pursuant to secondary adjustment made under section 92CE of Income-tax Act, 1961.

The CBDT has issued a draft notification dated 19th June 2018 by which it proposes to amend Rule 10CB of the Income-tax Rules, 1962 in respect of computation of interest income pursuant to secondary adjustment made under section 92CE of Income-tax Act, 1961. The CBDT has invited comments and suggestions from all taxpayers and tax professionals.

Click here for detailed draft amended rule for your ready references.

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