Quick Summary
The Central Board of Direct Taxes has released theIncome-tax (12th Amendment) Rules, 2021 in order to further amend theIncome-tax Rules, 1962 wherein, Form 34BB has been released for an assessee to withdraw his pending application u/s 245M(1). Read the official notification below: MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th April, 2021 G.S.R. 301(E).In exercise of the powers conferred by sub-section (1) of section 245M re
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Form 34BB is a new form released by the CBDT that allows an assessee to withdraw their pending application filed under section 245M(1) of the Income-tax Act.
Form 34BB has been released by the Central Board of Direct Taxes (CBDT).
Form 34BB is used to withdraw a pending application filed under section 245M(1) of the Income-tax Act.
Form 34BB must be furnished electronically, following the procedures and formats specified by the Principal Director-General of Income-tax (Systems) or Director-General of Income-tax (Systems).
Form 34BB needs to be verified by the person who is authorised to verify the return of income of the assessee under section 140 of the Income-tax Act.
CAclubindia
