Notification No. 84/2020 [F. No. 370149/76/2019-TPL] / GSR 664(E)

What it does

Made under sub-section (1) of section 295 of the Income-tax Act, 1961, the Income-tax (23rd Amendment) Rules, 2020 amend sub-rule (2) of rule 67 of the Income-tax Rules, 1962, which governs the investment of the moneys of a recognised provident fund. In the fifth proviso and in the eighth proviso the letters "AA" are substituted by the letter "A", and in the eleventh proviso the letters "AA" are substituted by the letter "A" at both the places where they occur. The amendment is confined to those three provisos; nothing else in rule 67 is altered.

Who it reaches

trustees of recognised provident funds investing fund moneys
fund managers and custodians applying the rule 67(2) investment pattern
auditors and the Commissioner examining a recognised fund's investments

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.295	s.533

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.

MINISTRY OF FINANCE
(Department of Revenue)
(Central Board of Direct Taxes)
NOTIFICATION
New Delhi, the 22nd October, 2020.
G.S.R. 664(E).—In exercise of the powers conferred by sub-section (1) of 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. Short title and Commencement.- (1) These rules may be called the Income-tax (23rd Amendment) Rules, 2020.
(2) They shall come into force from the 1st day of April, 2021.
2. In the Income-tax Rules, 1962, in rule 67, in sub-rule (2), ‒
(i) in the fifth proviso, for the letters "AA", the letter "A" shall be substituted;
(ii) in the eighth proviso, for the letters, "AA", the letter "A" shall be substituted; and
(iii) in the eleventh proviso, for the letters, "AA" occurring at both the places, the letter "A" shall be substituted.
[Notification No. 84/2020/F. No. 370149/76/2019-TPL]
GUDRUN NEHAR, Director (TPL-II)
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Subsection (ii) vide number S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification number G.S.R No.610 (E) dated 1st October, 2020.
Explanatory Memorandum
Notification No.84 /2020, dated 22 October, 2020
Vide Notification No. 84 /2020, dated 22 October, 2020, Rule 67 of the Income-tax Rules, 1962 has been amended. The said amendment shall be effective from Assessment Year 2021-22 and subsequent years.
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.

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 67	rule 292

From when

1 April 2021, the amendment being stated to be effective from assessment year 2021-22 and subsequent years.

What to watch

The rules come into force from 1 April 2021, and the explanatory memorandum states the amendment is effective from assessment year 2021-22 and subsequent years.
The change is a substitution of letters in three provisos; the extract does not reproduce the provisos themselves, so what the letters denote must be read from rule 67 as it stood.
In the eleventh proviso the substitution operates at both places where the letters occur, not only the first.
The principal rules were last amended by G.S.R. 610(E) dated 1 October 2020, so rule 67 must be read as amended to that point before applying this change.

Where you meet it

In the annual accounts and audit of a recognised provident fund and in any examination by the Commissioner of whether the fund's investments conform to the pattern in rule 67(2).

What it names

Rules it names. Rule 67 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. 54/2026 [F. No. 370142/15/2026-TPL] / G.S.R. 240(E) — Ministry of Finance 31 March 2026
Notification No. 52/2026 [F.No. 370142/13/2026-TPL] / G.S.R. 233(E) — (Central Board of Direct Taxes) 30 March 2026
Notification No. 141/2025 [F. No. 370142/30/2025-TPL] / G.S.R. 598(E) — Ministry of Finance 1 September 2025
Notification No. 136/2025 [F. No. 370142/29/2025-TPL] / G.S.R 566(E) — Ministry of Finance 21 August 2025
Notification No. 133/2025 [F. No. 370142/27/2025-TPL] / G.S.R 555(E) — Ministry of Finance 18 August 2025
Notification No. 132/2025 [F. No. 370142/34/2025-TPL] / G.S.R. 553(E) — Ministry of Finance 14 August 2025

← Notification No. 85/2020 [F. No. IT(A)/1/2020-TPL] / SO 3847(E) · Notification No. 83/2020 [F.No.500/1/2014-APA-II] / SO 3660(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.

What this is