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Rule 16B of Income Tax Rules 1962: Prescribed Authority-Sec10(8A) & (8B)

Rule 16B : Prescribed authority for the purposes of clauses (8A) and (8B) of section 10
(Chapter: IV - Tax Exemptions and Reliefs)

For the purposes of clauses (8A) and (8B) of section 10, the "prescribed authority" shall be the Additional Secretary, Department of Economic Affairs in the Ministry of Finance, Government of India in concurrence with Member (Income-tax) of the Board.

Extra Notes for Readers:

- Rule 16B was introduced by the Income Tax (18th Amendment) Rules, 1993, w.e.f. 30-Sep-1993.

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

This page was last updated on 17th October 2016.