Quick Summary
The Central Board of Direct Taxes (CBDT) has issued a new notification announcing further amendments to the Income-tax Rules, 1962. Officially termed the Income-tax (Sixth Amendment) Rules, 2024, these changes will take effect on July 1st, 2024. Key Highlights of the Notification Amendment to
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FAQ :
A new note, labelled 7A, has been introduced in the 'Verification' section of Form 27Q.
Taxpayers must write 'P' in Note 7A if they are eligible for a lower deduction or no deduction of tax, as per a notification under sub-section (1F) of section 197A of the Income-tax Act.
The amendments will be effective from July 1st, 2024.
The amendments are officially termed the Income-tax (Sixth Amendment) Rules, 2024.
The notification was issued by the Central Board of Direct Taxes (CBDT).
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