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Taxation Central Ministry of Finance Income Tax Act, 1961

Income-tax (Eleventh Amendment) Rules, 2025

22-Apr-2025 | G.S.R. 252(E).

CBDT (Income Tax) has passed the Income-tax (Eleventh Amendment) Rules, 2025, amending the provisions of Income Tax Rules, 1962, effective from 22nd April, 2025.

Highlights of the Amendment:

- Insertion of the following items in the Annexure, under Note 11 of the Notes thereto, in the table provided in Form 27EQ

1, Collection at source on sale of wrist watch
2. Collection at source on sale of art piece such as antiques, painting, sculpture
3. Collection at source on sale of collectibles such as coin, stamp
4. Collection at source on sale of yacht, rowing boat, canoe, helicopter
5. Collection at source on sale of pair of sunglasses
6. Collection at source on sale of bag such as handbag, purse
7. Collection at source on sale of pair of shoes
8. Collection at source on sale of sportswear and equipment such as golf kit, ski-wear
9. Collection at source on sale of home theatre system
10. Collection at source on sale of horse for horse racing in race clubs and horse for polo

For more information, please refer to the specified document.

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