CBDT amends Income Tax Rules as per Finance Act 2023 ; notifies Rule 21AGA and Form 10-IEA to opt for old tax regime
Finance Act 2023 made various amendments to Section 115BAC, including making it the default tax regime and extending it to AOP, BOI, AJP, etc.
MINISTRY OF FINANCE
(DepartmentofRevenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 21st June, 2023
INCOME-TAX
G.S.R.452(E).—In exercise of the powers conferred by clauses (i) and (iii) of sub-section (2), second proviso to sub-section (3) and sub-section (6) of section 115BAC, sub-clause (iii) of clause (c) of sub-section (2) of section 115BAE read with section 295 the Income-tax Act, 1961 (43 of1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: –
1.Short title and commencement.—(1) These rules may be called the Income-tax (Tenth Amendment) Rules, 2023.
(2) Save as otherwise provided in these rules, they shall come into force from the date of their publication in the Official Gazette.
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