MANU/CBDT/0075/2021
Ministry : Ministry of Finance
Department/Board : CBDT
Notification No. : 05 of 2021
Date : 24.05.2021
Procedure for exercise of option under sub-section (1) of Section 245M and intimation thereof by furnishing and upload of Form No. 34BB under sub-Rule (1) of Rule 44DA of Income-Tax Rules, 1962
In exercise of the powers conferred by the Department of Revenue, Ministry of Finance, under sub-rule (3) and sub-rule (4) of Rule 44DA of the Income-tax Rules, 1962 ('the Rules'), the Director General of Income Tax (Systems) hereby specify the following procedures:
2. Furnishing and upload of
Form No. 34BB to exercise option under sub-section (1) of section 245M-2 step
procedure:
Step 1: Provide basic details for assessees intending to exercise option under sub-section (1) of section 245M
i. The assessee who wish to exercise option for withdrawal application filed u/s. 245C and such application is pending, shall first provide the basic details in following format on the form placed at www.nic.in:
https://nicforms.mp.nic.in/nicforms_designer/nic_form_selector.php?form_id=enRhYmxlNjA2ZDMyN2RiNTg0ZTIwMiEwNDA3MzE=(short
URL: https://tinyurl.com/form34bb). The details of the link has also been made
available on E-Filing portal of the Department: www.incometaxindiaefiling.gov.in
(also on: www.incometax.gov.in
with effect from 7th June 2021)
PAN | Name of the assessee | AY | Date of filing application u/s. 245C | Application No. | |