MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 7th July, 2021
INCOME-TAX
G.S.R. 472(E).— In exercise of the powers conferred by proviso to section 50 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. Short title: – These rules may be called the Income tax Amendment (19th Amendment), Rules, 2021.
2. In the Income-tax Rules, 1962, after rule 8AB, the following rules shall be inserted, namely:—
“8AC. Computation of short term capital gains and written down value under section 50 where
depreciation on goodwill has been obtained.