CBDT Notification 34/2024 Dated 19 March 2024
In a new update, the Central Board of Direct Taxes (CBDT), through its Notification No. 34/2024 dated 19 March 2024, has issued a correction notice regarding its Notification No. 27/2024 dated March 5, 2024.Let’s now explore the details of the correction notice as provided by the CBDT.
In the notification no. 27/2024 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 (i) vide number G.S.R. 155(E), dated 5th March, 2024, at page 2, for item E, in clause 22, after the figures “2006”, the following words and figures shall be inserted:
“or any other amount not allowable under clause (h) of section 43B of the Income-tax Act, 1961”
This corrigendum underlines the diligent approach of the CBDT in addressing any omissions that might have arisen in the earlier notification. At the same time, it is crucial for taxpayers, professionals, and all stakeholders to take note of this correction notice, as it may impact their understanding and compliance with the tax regulations as laid down by the CBDT.
To Download the official Notification No 34/2024 CLICK HERE
To Access the CBDT Notification No. 33/2024 CLICK HERE
To Access the CBDT Notification No. 27/2024 Dated 5 March 2024 CLICK HERE
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