CBDT Notifies Form for Refund of Tax Deducted at Source

The Central Board of Direct Taxes(CBDT) Notifies Form for Refund of Tax Deducted at Source via issuing Notification.

The Notification stated, “In exercise of the powers conferred by sub-section (1) of section 239A read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely:-“

These rules may be called the Income-tax (26th Amendment) Rules, 2022.

In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules),––

(I) in Part VIII, before rule 41, the following rule shall be inserted, namely:-

“40G. Refund claim under section 239A.––(1) A claim for refund under section 239A shall be made in Form No. 29D.

(2) The claim under sub-rule (1) shall be accompanied by a copy of an agreement or other arrangement referred to in section 239A.

(3) The claim under sub-rule (1) may be presented by the claimant himself or through a duly authorised agent.”;

(II) in rule 41, in sub-rule (1), after the words and figures “under Chapter XIX” the brackets, words and figures “(other than under section 239A)” shall be inserted.

To Read Notification Download PDF Given Below: