Rule 114B-Quoting PAN to bank due date extended to 30-06-2017

Rule 114B-Quoting PAN to bank due date extended to 30-06-2017

CBDT had vide notification No. 2/2017 had amended the Income Tax Rule 114B relating to quoting of PAN by inserting a fourth proviso providing for  furnishing of permanent account number or Form No. 60, as the case may be, to the bank on or before the 28th day of February, 2017.

CBDT has vide notification No. 27/2017 has extended the due date for furnishing the PAN/Form 60 as above to 30th June, 2017. 

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 27/2017

New Delhi, the 5th April, 2017

G.S.R. 331(E).—In exercise of the powers conferred by section 139A and section 285BA, read with section 295 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:—

1. (1) These rules may be called the Income –tax (Seventh Amendment) Rules, 2017.
    (2) It shall be deemed to have come into force from the 1st March, 2017.

2. In the Income-tax Rules, 1962, in rule 114B, in the fourth proviso, for the figures, letters and words “28th day of February”, the figures, letters and words “30th day of June” shall be substituted.

[F. No. 370142/32/2017-TPL]
Dr. T. S. MAPWAL, Under Secy.