Income-tax (First Amendment) Rules, 2023 - Corrigendum - Notification No. 04/2023 dated 10-02-2023 - 08/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) INCOME-TAX NOTIFICATION NO. 8/2023 CORRIGENDUM New Delhi, the 28th February, 2023 G.S.R. 156(E). In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number G.S.R. 91(E), dated the 10th February, 2023 : (i) at page number 224, in Part C, in column 10, in row 2, the words Any other deduction as per the e-filing utility shall be inserted; (ii) at page 230, for the table under item (a) under row 6, the following table shall be substituted, namely: Sl. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/ constructed Amount not used for new asset or remains unutilised in Capital gains account (X) Year in which asset acquired/ constructed Amount utilised out of Capital Gains account i 2019-20 54B ii 2020-21 54B ; (iii) at page 231, in the row after item (b) under row 6, for the figures aXi + b , the figures aXi + aXii + b shall be substituted; (iv) at page number 233,- (a) for the table under item (b) under row 10, the following table shall be substituted, namely:-- Sl. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/ constructed Amount not used for new asset or remains unutilised in Capital gains account (X) Year in which asset acquired/ constructed Amount utilised out of Capital Gains account i 2018-19 54/54F/54GB ii 2019-20 54/54B/54F/54GB iii 2020-21 54B ; (b) in the row after item (b) under row 10, for the figures aXii + b , the figures aXii + aXiii + b shall be substituted; (v) at page number 243, in schedule VI-A, for the rows (u) and (v), the following shall be substituted, namely:-- u 80U ua Any other deduction as per the e-filing utility v Total deductions under Chapter VI-A (Total of a to ua) ; (vi) at page number 276,- (a) for the row 7, the following shall be substituted, namely:- 7 Expenses debited to profit and loss account considered under other heads of income/ related to income chargeable u/s 115BBF or u/s 115BBG or u/s 115BBH a Salaries 7a b House property 7b c Capital gains 7c d Other sources 7d e u/s 115BBF 7e f u/s 115BBG 7f g u/s 115BBH (other than cost of acquisition) 7g ; (b) in row 9, for the figures and letters, 7f + 8a , the figures and letters 7f + 7g + 8a shall be substituted; (vii) at page 284,- (a) for the table under item (a) under row 7, the following shall be substituted, namely:- Sl. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/ constructed Amount not used for new asset or remains unutilised in Capital gains account (X) Year in which asset acquired/ constructed Amount utilised out of Capital Gains account i 2018-19 54D/54G/54GA ii 2019-20 54D/54B/54G/54GA iii 2020-21 54B ; (b) in the row after item (b) under row 7, for the figures Xi + Xii , the figures Xi + Xii + Xiii shall be substituted; (viii) at page 287, (a) for the table under item (a) under row 11, the following table shall be substituted namely: Sl. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/ constructed Amount not used for new asset or remains unutilised in Capital gains account (X) Year in which asset acquired/ constructed Amount utilised out of Capital Gains account i 2018-19 54/54D/54F/54G/54GA ii 2019-20 54/54B/54D/54F/54G/54GA iii 2020-21 54B ; (b) ) in the row after item (b) under row 11, for the figures xi + xii , the figures xi + xii + xiii shall be substituted; (ix) at page 302, for the row 3, the following table shall be substituted, namely: 3 Part CA and D- Deduction in respect of other incomes/ other deduction i 80TTA ii 80TTB iii 80U iv Any other deduction as per the e-filing utility Total Deduction under Part CA and D (total of i, ii, iii and iv) 3 ; (x) at page 318, in Part C,- (a) after row C18 and before row C19, the following shall be inserted, namely:-- C18a Any other deduction as per the e-filing utility ; (b) in row C19, for the words, letters and figures Add items C1 to C18 , the words and figures Add items C1 to C18a shall be substituted; (xi) at page 320, after row E10 and before row E11, for the words, letters and figures For E11 to E25 furnish the information as on 31st day of March, 2022 , the words, letters and figures For E11 to E25 furnish the information as on 31st day of March, 2023 shall be substituted; (xii) at page 341,- (a) for the row 7, the following shall be substituted, namely:-- 7 Expenses debited to profit and loss account considered under other heads of income/ related to income chargeable u/s 115BBF or u/s 115BBG or u/s 115BBH a House property 7a b Capital gains 7b c Other sources 7c d u/s 115BBF 7d e u/s 115BBG 7e f u/s 115BBH (other than cost of acquisition) 7f ; (b) in row 9, for the figures and letters, 7e + 8a , the figures and letters 7e + 7f + 8a shall be substituted; (xiii) at page 349,- (a) for the table under item (a) under row 7, the following table shall be substituted namely:-- Sl. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/ constructed Amount not used for new asset or remains unutilised in Capital gains account (X) Year in which asset acquired/ constructed Amount utilised out of Capital Gains account i 2018-19 54D/54G/54GA ii 2019-20 54D/54G/54GA ; (b) in the row after item (c) under row 7, for the figures and letter xi + b , the figures and letter xi + xii + b shall be substituted; (xiv) at page 351,- (a) for the table under item (a) under row 10, the following table shall be substituted namely:-- Sl. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/ constructed Amount not used for new asset or remains unutilised in Capital gains account (X) Year in which asset acquired/ constructed Amount utilised out of Capital Gains account i 2018-19 54D/54G/54GA ii 2019-20 54D/54G/54GA ; (b) in the row after item (c) under row 10, for the figures and letter xi + b , the figures and letter xi + xii + b shall be substituted; (xv) at page 375, in row B, for the words, figures and letter Form No. 16B/16C/16D furnished , the words, figures and letter Form No. 16B/16C/16D/16E furnished shall be substituted; (xvi) at page 409, (a) for the row 7, the following shall be substituted, namely:-- 7 Expenses debited to profit and loss account considered under other heads of income/ related to income chargeable u/s 115BBF or u/s 115BBG or u/s 115BBH a House property 7a b Capital gains 7b c Other sources 7c d u/s 115BBF 7d e u/s 115BBG 7e f u/s 115BBH (other than cost of acquisition) 7f ; (b) in row 9, for the figures and letters, 7e + 8a , the figures and letters 7e + 7f + 8a shall be substituted; (xvii) at page 417,- (a) for the point (i) in table under item (a) under row 7, the following shall be substituted namely:- i 2018-19 54D/54G/54GA ii 2019-20 54D/54G/54GA ; (b) in the row after item (b) under row 7, for the figures and letter xi + b , the figures and letter xi + xii + b shall be substituted; (xviii) at page 419, for the table under item (a) under row 10, the following table shall be substituted namely:- Sl. Previous year in which asset transferred Section under which deduction claimed in that year New asset acquired/ constructed Amount not used for new asset or remains unutilised in Capital gains account (X) Year in which asset acquired/ constructed Amount utilised out of Capital Gains account i 2018-19 54D/54G/54GA ii 2019-20 54D/54G/54GA ; (xvix) at page 420, in the row after item (b) under row 7, for the figures and letter xi + b , the figures and letter xi + xii + b shall be substituted; (xvx) at page 454, in row B, for the words, figures and letter Form No. 16B/16C/16D furnished , the words, figures and letter Form No. 16B/16C/16D/16E furnished shall be substituted. [ (F. No. 370142/51/2022 TPL)] RAMAN CHOPRA Jt. Secy .