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Rule 2 of Income Tax Rules 1962: Definitions

Rule 2 - Definitions.

(1) In these rules, unless the context otherwise requires,—

(a) “Act” means the Income-tax Act, 1961 (43 of 1961);
(aa) “authorised bank” means any bank as may be appointed by the Reserve Bank of India as its agent under the provisions of sub-section (1) of section 45 of the Reserve Bank of India Act, 1934 (2 of 1934);

(b) “Chapter”, “section” and “Schedule” means respectively Chapter and section of, and Schedule to, the Act.

(2) All references to “Forms” in these rules shall be construed as references to the forms set out in Appendix II hereto.

Extra Note(s) for Readers:

- The definition of "authorised bank" was inserted by the Income Tax (Sixth Amendment) Rules, 1981, w.e.f. 19-6-1981.

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

This page was last updated on 17th October 2016.

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