Central Board of Direct Taxes (CBDT) issued notification no. 35/2025 dated 22.04.2025 to make amendment in the Income tax Rules, 1962. These rules may be called the Income-tax (Eleventh Amendment) Rules, 2025 effective from 22.04.2025.
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2. In the Income-tax Rules, 1962, in Form No. 27EQ, in the Annexure, in the Notes thereto, in Note 11, in the table, after the row relating to “Collection at source on sale of motor vehicle”, the following shall be
inserted, namely:––
| “206C | Collection at source on sale of wrist watch | 6C | MA |
| 206C | Collection at source on sale of art piece such as antiques, painting, sculpture | 6C | MB |
| 206C | Collection at source on sale of collectibles such as coin, stamp | 6C | MC |
| 206C | Collection at source on sale of yacht, rowing boat, canoe, helicopter | 6C | MD |
| 206C | Collection at source on sale of pair of sunglasses | 6C | ME |
| 206C | Collection at source on sale of bag such as handbag, purse | 6C | MF |
| 206C | Collection at source on sale of pair of shoes | 6C | MG |
| 206C | Collection at source on sale of sportswear and equipment such as golf kit, ski-wear | 6C | MH |
| 206C | Collection at source on sale of home theatre system | 6C | MI |
| 206C | Collection at source on sale of horse for horse racing in race clubs and horse for polo | 6C | MJ” |
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