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
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1 Year PLAN
1999
(Excl. of GST ₹359)
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2 Years PLAN
3499
(Excl. of GST ₹629)
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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.
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