CBDT notifies Form 29D to get refund of tax deducted under section 195
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 20 August, 2022
Latest from Taxmann
Notification no. 98/2022, dated 17-08-2022
The Finance Act 2022 inserted a new section 239A in the Income-tax Act. It provides that a taxpayer may file an application before the Assessing Officer to get the refund of tax deducted under section 195 on any income (other than interest) if no tax deduction was required.
As per section 239A, such application is required to be filed within 30 days from the date of payment of such tax in the prescribed form and manner.
The Central Board of Direct Taxes (CBDT) has inserted a new Rule 40G in the Income-tax Rules, 1962 prescribing the manner to get the refund of tax in accordance with section 239A.
Rule 40G provides that a claim for refund under section 239A shall be made in Form No. 29D. The application in Form 29D shall be accompanied by copy of an agreement or other arrangement referred to in section 239A.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
