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Business Standard

Apply for re-computation of income under Rule 132 to avoid tax penalty

Those with income from business or profession, who have availed deduction on cess/surcharge, must do so by March 31

Topics
CBDT | Income tax | tax payment

Bindisha Sarang 

tax
The application for re-computation must be submitted using Form No. 69 on or before March 31, 2023

Rule 132, introduced by the Central Board of Direct Taxes (CBDT), came into effect on October 1, 2022. It deals with the application for re-computation of income under Section 155(18). CBDT has also notified Form 69 that can be used to apply for re-computation of income.

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First Published: Tue, October 04 2022. 18:55 IST

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