Income-tax (Twentieth Amendment) Rules, 2023

  • CBDT has notified the Income-tax (Twentieth Amendment) Rules, 2023. Through this amendment, a new rule 134 has been inserted after rule 133 and introduced a new electronic application Form 71 for the purpose of crediting TDS in accordance with section 155 (20) Income Tax Act, 1961.
  • GSTN has issued an advisory on Electronic Credit Reversal and Re-claimed statement.