SUBSCRIBE(free)-Daily Updates (Click Verification Link Received in Your Email)

Rule 48J of Income Tax Rules 1962: Jurisdiction of Appropriate Authority.

Rule 48J : Jurisdiction of appropriate authority.
(Part XC : Purchase of Immovable Properties under Chapter XXC)

Where any immovable property is situate within the local limits of the jurisdiction of two or more appropriate authorities, the appropriate authority within whose jurisdiction the office of the registering officer appointed under the Registration Act, 1908 (16 of 1908), who is entitled to register any document of transfer in respect of such property, is situate, shall be the appropriate authority to perform the function of appropriate authority under Chapter XXC in relation to such property.





Extra Notes for Readers:

- Rule 48J under Part XC was introduced by the Income Tax (7th Amendment) Rules, 1986, w.e.f. 1-10-1986.
- Refer Section 269UP of Chapter XXC under the Income Tax Act 1961, which reads as under:
"The provisions of this Chapter shall not apply to, or in relation to, the transfer of any immovable property effected on or after the 1st day of July, 2002."


Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
Submit/See Comments With: or

No comments:

Post a Comment