The Central Board of Direct Taxes (CBDT) issued a notification on 17th August 2022 in relation to Form 29D for a refund of the tax deducted. The notification stated that the CBDT Board had issued the particular notification in accordance with the Income-tax (26th Amendment) Rules, 2022.
Through the exercise of powers conferred in 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 made the following amendments to the Income Tax Rules, 1962 –
- The amendment added a new Rule 40G to the Income-tax Rules of 1962 relating to Refund Claims under Section 239A.
- These rules may be called the Income-tax (26th Amendment) Rules, 2022.
- These rules are to come into force from the date of their publication in the Official Gazette.