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Case law › Notifications › 2017 › Notification No. 60/2017 [F. No. 370142/10/2017–TPL] / GSR 841(E)
Notification 6 July 2017

Notification No. 60/2017 [F. No. 370142/10/2017–TPL] / GSR 841(E)

2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)]

What this is

Notification No. 60/2017 [F. No. 370142/10/2017–TPL] / GSR 841(E) was published on 6 July 2017. Its subject is 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)].

What it does

A corrigendum to Notification No. 58/2017 (G.S.R. 821(E)) dated 3 July 2017. At page 4, in sub-clause (i) of clause (d) and in sub-clause (i) of clause (e), the words 'name, address and Permanent Account Number (if available with the assessee) of the lender, or depositor or person from whom specified advance is received' are to be read as 'name, address and Permanent Account Number (if available with the assessee) of the payer'.

Who it reaches

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 ActNow
s.3s.3

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

CORRIGENDUM

New Delhi, the 6th July, 2017

INCOME-TAX

G.S.R. 841(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 58/2017, dated the 3rd July, 2017, published vide number G.S.R. 821(E) dated the 3rd July, 2017, in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), at page 4,—

(i) in clause (d), in sub-clause (i),—

for "name, address and Permanent Account Number (if available with the assessee) of the lender, or depositor or person from whom specified advance is received;" read as "name, address and Permanent Account Number (if available with the assessee) of the payer;"

(ii) in clause (e), in sub-clause (i),–

for "name, address and Permanent Account Number (if available with the assessee) of the lender, or depositor or person from whom specified advance is received;" read as "name, address and Permanent Account Number (if available with the assessee) of the payer;"

[Notification No. 60/2017/F. No. 370142/10/2017–TPL]

SALIL MISHRA, Director (Tax Policy & Legislation)

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

From when

As part of the notification dated 3 July 2017 that it corrects.

What to watch

Where you meet it

In furnishing the counterparty particulars called for by clauses (d) and (e) of the notification of 3 July 2017.

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. 61/2017 [F. No. 149/136/2014–TPL] / GSR 865(E)  ·  Notification 59/2017 [F. No. 370 142/8/2017-TPL] / GSR 826(E) →

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.