Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Friday, December 29, 2017

CBDT amends Income Tax Rule 127 for available addresses of the tax payer for sending Notices, Summons and Orders

CBDT vide notification issued on 20/12/2017 amends Income Tax Rule 127 relating to service of notice, summons and orders
CBDT by amendment in Rule 127 has inserted new proviso under sub-rule(2) which provides that in case the communication or notice to be served cannot be delivered or transmitted to the taxpayer's registered office or at the address available in PAN database or income-tax return the communication shall be delivered or transmitted to the address of the assessee as available with the Banks or Post Office or Insurer or at address available in  Government/Local authority records or in Form 60 or Form 61A submitted to the department under Rule 114D and 114E . 
Now as per Rule 127 of the Income Tax Rules, the government may use the address mentioned in the following databases to deliver the communication at the address given to or available with:
a) The bank;
b) The insurance company;
c)  The post office while investing in the Post Office schemes;
d) In government records or in the records of local authorities;

f) Address of the assessee as furnished in Form 61 to the income tax department under Rule 114D or Form 61A to the tax department under rule 114E.

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