CBDT on June 17, 2022 issued the income-tax (18th Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962.
The following amendment has been made:
In rule 10TD, which specifies Safe Harbour, sub-rule 3B has been substituted, namely:
(3B) The provisions of sub-rules (1) and (2A) shall apply for the [assessment years 2020-21, 2021-22 and 2022-23]
This amendment is effective from 1st day of April, 2022 and applies to assessment year 2022 -2023 relevant to previous year 2021-2022. Accordingly, it is hereby certified that no person is being adversely affected by giving retrospective effect to these rules.
Official copy of the notification has been mentioned below
![CBDT specifies Safe Harbour Rules for AY 2022 at same rates CBDT specifies Safe Harbour Rules for AY 2022 at same rates](/img/preview/custom/20210309215707_functionality.jpg?imgver=21501)
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 17th June, 2022
INCOME-TAX
G.S.R. 458(E). - In exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:
![CBDT specifies Safe Harbour Rules for AY 2022 at same rates CBDT specifies Safe Harbour Rules for AY 2022 at same rates](/img/preview/custom/20210309215707_functionality.jpg?imgver=21501)
1. Short title and commencement. -
(1) These rules may be called the Income-tax (18th Amendment) Rules, 2022.
(2) They shall be deemed to have come into force from the 1st day of April, 2022.
2. In the Income-tax Rules, 1962, in rule 10TD, in sub-rule (3B), for the words and figures "assessment years 2020-21 and 2021-22", the words and figures "assessment years 2020-21, 2021-22 and 2022-23"
shall be substituted.
[Notification No. 66 /2022/F. No. 370142/26/2022-TPL]
NEHA SAHAY, Under Secy.
Explanatory Memorandum: This amendment is effective from 1st day of April, 2022 and applies to assessment year 2022 -2023 relevant to previous year 2021-2022.
Accordingly, it is hereby certified that no person is being adversely affected by giving retrospective effect to these rules.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, section-3, subsection (ii) vide number S.O. 969 (E) dated the 26th March, 1962 and were last amended vide
notification number G.S.R. 455 (E), dated the 16th June, 2022.