The Central Board of Direct Taxes vide notification dated 16th October, 2023 has issued the Income-tax Amendment (Twenty-fifth Amendment), Rules, 2023. They shall come into force with effect from the 1st day of January, 2024.
The amendment provides that the units of IFSC shall submit returns of remittances to the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) and they shall specify the procedures, formats and standards for the purposes of furnishing and verification of Form No. 15CA, Form No. 15CB, Form No. 15CC and Form No. 15CD and shall be responsible for the day-to-day administration in relation to the furnishing and verification of information, certificate and quarterly statement.
The amendment has also issued the new form 15CD.
