The Government of India Ministry of Finance has issued Circular No. 11 of 2023, dated July 6, 2023, to provide corrigenda to Circular No. 10 of 2023. The corrigenda rectify references in Circular No. 10 of 2023 related to section 206C of the Income Tax Act. In paragraph 4(i) and paragraph 5 of the original circular, the references to “clause (i) of sub-section (1G) of section 206C” are corrected to “clause (a) of sub-section (1G) of section 206C”. Similarly, in paragraph 4(i), the references to “clause (ii) of subsection (1G) of section 206C” are corrected to “clause (b) of sub-section (1G) of section 206C”. These corrections ensure accurate interpretation and implementation of the circular, providing clarity on the specific clauses of section 206C of the Income Tax Act.
No. 370142/23/2023-TPL
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
(TPL Division)
New Delhi,
*****
Circular No. 11 of 2023 Dated: 6th of July, 2023
Corrigenda to Circular No. 10 of 2023 dated 30th June, 2023
In the Circular No. 10 of 2023 of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), issued on the 30th June, 2023,-
(i) In paragraph 4(i) and paragraph 5, the words, brackets, letters and figures “clause (i) of sub-section (1G) of section 206C”, shall be read as “clause (a) of sub-section (1G) of section 206C”, and
(ii) In paragraph 4(i), the words, brackets, letters and figures “clause (ii) of subsection (1G) of section 206C”, shall be read as “clause (b) of sub-section (1G) of section 206C”.
Jivitesh Anand
Under Secretary to the Government of India
