MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 28th September, 2022
INCOME-TAX
G.S.R. 733(E).–– In exercise of the powers conferred by section 295 read with sub-section (18) of section
155 of the Income-tax Act, 1961, 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 (32nd Amendment) Rules,
2022.
(2) They shall come into force from the 1st day of October, 2022.
2.
In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), after rule 131, the following rule
shall be inserted, namely––
“Application for recomputation of income under sub-section (18) of section 155.
132. (1) An application requesting for recomputation of total income of the previous year without allowing
the claim for deduction of surcharge or cess, which has been claimed and allowed as deduction under section
40 in the said previous year, shall be made in Form No. 69 on or before the 31st day of March, 2023.
(2) Form No. 69 shall be furnished electronically to the Principal Director General of Income-tax (Systems)
or the Director General of Income-tax (Systems) or the person authorized by the Principal Director General
of Income-tax (Systems) or the Director General of Income-tax (Systems).
(3) Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems)
shall lay down the procedures and standards for furnishing and verification of Form No. 69 and to forward
the application received in Form No. 69 to the Assessing Officer.
(4) The Assessing Officer shall, on receipt of the application in Form No. 69, recompute the total income by
amending the relevant order and issue notice under section 156 specifying the time period within which
amount of tax payable, if any, is to be paid,-
(i) for the assessment year relevant to the previous year referred to in sub-rule (1); and
(ii) for the assessment years subsequent to the assessment year referred to in clause (i), if the order for such
assessment year results in variation in carry forward of loss or allowance for unabsorbed depreciation or
credit for tax under section 115JAA or section 115JD.
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
5
(5) The assessee shall, after making the payment of the tax determined under sub-rule (4), furnish the details
of payment of tax in Form No.70 to the Assessing Officer within thirty days from date of making the
payment.”.
3.
In the principal rules, after Form No.68, the following Forms shall be inserted, namely:-
“Form No. 69
[See rule 132]
Application for recomputation of income under sub-section (18) of section 155
(1)
Name of the person filing the application
:
(2)
PAN or Aadhaar number (if available) of the person filing the application
:
(3)
Name of the person in respect of which the application is being filed (if different from (1))
:
(4)
PAN of the person in respect of which the application is being filed (if different from (2)
:
(5)
Address
:
(6)
E-mail Id
:
(7)
Mobile Number
:
(8)
Details of computation of total income without deduction of surcharge and cess
S.
No
.
Assessme
nt year
Amount
of
surchar
ge and
cess
claimed
and
allowed
as
deducti
on
Total
income/lo
ss
after
allowing
deduction
of
amount
mentione
d in (3) #
Deemed
Total
Income
under
section
115JB/115
JC
after
allowing
deduction
of amount
mentioned
in (3)#
Total
taxes
paid
or
payab
le on
incom
e
at
(4A
or
4B)*
Total
income/lo
ss
without
allowing
deduction
of
amount
mentione
d in (3)#
Deemed
total
income
under
section
115JB/115
JC
without
allowing
deduction
of amount
mentioned
in (3)#
Tax
payab
le on
(6A
or
6B)*
Balan
ce tax
to be
paid
Impact on carry
forward of
loss/unabsorbed
depreciation/MAT/
AMT Credit,
remarks if any
(1)
(2)
(3)
(4A)
(4B)
(5)
(6A)
(6B)
(7)
(8) =
(7)-(5)
(9)
VERIFICATION
I……………………….… son/daughter of …………………………. having PAN/Aadhaar number…………………..
do hereby declare that to the best of my knowledge and belief what is stated above is correct, complete and truly
stated. I also declare that I am making application in my capacity as ……………………. of …………………… and I
am also competent to make this application and verify it.
Date:
Signature:
Place:
Address:
*Tax payable includes interest, surcharge and cess on the tax payable.
# Total income/deemed total income should be reported as per latest assessment/ reassessment/ recomputation order,
as the case may be.
Note:
1. Row no. (3) and (4) would be needed where:
(i) the successor entity is filing the Form for predecessor entity who is no longer in existence
(ii) the Form is filed by the legal heir of deceased person
2. Separate Form must be filed for each predecessor entity if there are more than one predecessors
3. Separate Form must be filed for successor and predecessor.
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THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
Form No. 70
[See rule 132]
Intimation to the Assessing Officer of the payment of tax on income recomputed under sub-section (18) of section 155
To,
The Assessing Officer,
….…………………………….
Madam/Sir,
I,…………………………………,daughter/son of …………………………….., in my capacity as
…………………………………. of ……………………………., having ………..(quote PAN) hereby intimate that
tax (including interest, surcharge and cess thereon) on total income recomputed, as per proviso to section 155(18), by
orders, details of which are mentioned herein below, has been paid as per the details below:
S.
No.
Assessment
Year
Date of
Order*
Document
Identification
No. (DIN) of
Order
Amount of tax
(including interest,
surcharge and cess
thereon)
Challan Identification Number
BSR code of
the Bank
branch
Challan
serial no.
Date of payment
of tax*
Total
*dd/mm/yyyy
I, therefore, request that the above details may be updated in the record. I hereby declare that what is stated above is
correct.
Signature
Date …………………………
Address …………………………….”.
[Notification No. 111/2022/F. No. 370142/32/2022-TPL]
Om Prakash Meena, Under Secy.
Note.– The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii)
vide notification number S.O. 969 (E), dated the 26th March, 1962 and was last amended vide notification
number G.S.R.709 (E) dated 19.09.2022
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
