Notification No. 143

Amendment of the Income-tax Rules under section 80CCA of the Income-tax Act, 1961

What this is

Notification No. 143 was published on 9 June 2003. Its subject is Amendment of the Income-tax Rules under section 80CCA of the Income-tax Act, 1961.

This amends the Income-tax Rules. What it changes is the Rules, not the Act — and a rule can never take away what the section gives.

What it does

By the Income-tax (Eighth Amendment) Rules, 2003, made under section 295 of the Income-tax Act, 1961, the Central Board of Direct Taxes substitutes rule 29C in Part VI of the Income-tax Rules, 1962 and inserts Form No. 15G in Appendix II. The substituted rule 29C provides that a declaration under sub-section (1) of section 197A by an individual, or under sub-section (1A) of that section by a person not being a company or firm, shall be in Form No. 15G and shall be verified in the manner indicated therein. Sub-rule (2) requires the declaration to be furnished in duplicate to the person responsible for paying the interest on securities, dividend, interest other than interest on securities, income in respect of units, or any amount referred to in clause (a) of sub-section (2) of section 80CCA. Sub-rule (3) requires that person to deliver one copy of the declaration to the Chief Commissioner or Commissioner on or before the seventh day of the month next following the month in which it is furnished to him.

Who it reaches

individuals and other persons, not being a company or firm, claiming receipt of income without deduction of tax
payers of interest on securities, dividend, other interest, income in respect of units or amounts under section 80CCA(2)(a)
Chief Commissioners and Commissioners receiving copies of the declarations

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.80CCA	no counterpart recorded
s.197A	s.393, s.400, s.402
s.295	s.533

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

Notification No : 143

Section(s) Referred : s. 295

Date of Issue : 9/6/2003

Notification No. 143 of 2003, dt. 9th June 2003.

In exercise of the powers conferred by 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 (Eighth Amendment) Rules, 2003.

(2) They shall come into force from the date of publication in the Official Gazette.

2. In the Income-tax Rules, 1962,--

(a) in Part VI, for rule 29C, the following rule shall be substituted, namely :

'29C. Declaration by person claiming receipt of certain incomes without deduction of tax.--(1) A declaration under sub-section (1) by an individual or under sub-section (1A) of section 197A by a person (not being a company or firm) shall be in Form No. 15G and shall be verified in the manner indicated therein.

(2) The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for paying the "interest on securities" or dividend or interest other than "interest on securities" or, income in respect of units or, as the case may be, any amount referred to in clause (a) of sub-section (2) of section 80CCA.

(3) The person referred to in sub-rule (2) shall deliver or cause to be delivered to the Chief Commissioner or Commissioner, one copy of the declaration referred to in sub-rule (1) on or before the seventh day of the month next following the month in which the declaration is furnished to him.

Explanation.--For the purposes of sub-rule (3), the Chief Commissioner or the Commissioner means the Chief Commissioner or Commissioner to whom the Assessing Officer having jurisdiction to assess the person referred to in sub-rule (2) is subordinate.;

(b) in Appendix II,--

(i) Form No. 15G, shall be inserted.

[F.No. 29/FB/2003-TPL]

What it changes

The rule numbers are the 1962 Rules’ own, as the notification names them. The right-hand column is the department’s own mapping into the Income-tax Rules, 2026, which renumbered nearly everything.

Rule of the 1962 Rules	Now, in the 2026 Rules
Rule 29C	rule 211

Forms it touches. Form No. 15G

From when

the date of publication in the Official Gazette.

What to watch

The rules come into force from the date of publication in the Official Gazette.
The declaration must be in Form No. 15G, newly inserted in Appendix II, and must be verified in the manner indicated in the form.
The declaration goes in duplicate to the payer, and the payer must forward one copy to the Chief Commissioner or Commissioner by the seventh day of the month next following the month of receipt.
The Explanation fixes which authority that is: the Chief Commissioner or Commissioner to whom the Assessing Officer having jurisdiction to assess the payer is subordinate.
Rule 29C is substituted as a whole, so the earlier rule does not survive alongside it.

Where you meet it

In a Form No. 15G handed to a bank or company to stop deduction of tax at source, and in the payer's record of declarations forwarded to the Commissioner.

What it names

Forms it names. Form No. 15G

Rules it names. Rule 29C of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 27/2025 [F. No. 370142/13/2025-TPL] / SO 1615(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 4 April 2025
Circular No. 629 — Financial Year 1992-93 31 July 1992
Circular No. 618 — Section 194EE l Payments in Respect of Deposits under NSS, ETC 22 November 1991
Circular No. 534 — 512. Repayment of amount on the closure of account under NSS - Taxability of 7 April 1989
Circular No. 531 — 510. Date of application of annuity plan of LIC 17 March 1989
Circular No. 532 — 511. Taxability of repayment of amount from the account under National Savings Scheme to the legal heirs of assessee 17 March 1989

← Notification No. 144 · Notification No. 142 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.