Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Recomputation of total income for surcharge or cess deduction claims through electronic forms and prescribed payment reporting. Application for recomputation of total income without allowing the deduction of surcharge or cess claimed and allowed under section 40 must be made in Form No. 69 by 31 March 2023 and furnished electronically to the specified income-tax systems authority. The Assessing Officer, on receipt of the application, recomputes total income by amending the relevant order and issues notice under section 156 specifying the time for payment of any tax payable. After payment, the assessee must furnish payment details in Form No. 70 within thirty days.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recomputation of total income for surcharge or cess deduction claims through electronic forms and prescribed payment reporting.
Application for recomputation of total income without allowing the deduction of surcharge or cess claimed and allowed under section 40 must be made in Form No. 69 by 31 March 2023 and furnished electronically to the specified income-tax systems authority. The Assessing Officer, on receipt of the application, recomputes total income by amending the relevant order and issues notice under section 156 specifying the time for payment of any tax payable. After payment, the assessee must furnish payment details in Form No. 70 within thirty days.
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