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Date: 29-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

Corrigendum for the Notification bearing G.S.R. No. 615 (E) dated 18.08.2023

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This gazette notification is a corrigendum to Notification No. 65/2023, dated August 18, 2023, which was published as G.S.R. 615(E) in the Gazette of India.
  • The corrigendum modifies the language in the original notification related to accommodation provided by employers to employees.

Key Changes

  • The corrigendum inserts the phrase "or taken on lease or rent" in the original notification.
  • Specifically, the phrase is inserted after the words "Provided also that where the accommodation is owned" and before the words "by the employer and the same accommodation is".
  • The insertion clarifies that the provision applies not only when the accommodation is owned by the employer but also when it is leased or rented by the employer.

Impact Analysis

Impact on Employers

  • Employers should review their existing policies and procedures for valuing rent-free accommodation to ensure compliance with the amended notification.

Impact on Employees

  • Employees should consult with their employers or tax advisors to understand the implications of this change on their tax liability.

Suggested Action Items

  • Seek professional advice from tax consultants or legal experts to ensure full compliance with the amended regulations.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The government ministry responsible for revenue collection and tax administration. Central Board of Direct Taxes (CBDT): A body within the Department of Revenue responsible for the administration of direct taxes. Notification No. 65/2023 dated 18th August, 2023: The original notification that this corrigendum amends. G.S.R. 615(E) dated 18.08.2023: The Gazette notification number under which the original notification was published. Notification No. 72/2023/F. No.370142/21/2023-TPL Part(1): The reference number for this corrigendum notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-29082023-248410 xxxGIDHxxx CG-DL-E-29082023-248410 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 496] नई दिल्ली, मगं लिार, अगस्ट्त , 29, 2023/भार 7, 1945 No. 496] NEW DELHI, TUESDAY, AUGUST, 29, 2023/BHADRA 7, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केन्द्रीय प्रत्यक्ष कर बोडड) िजु िपत्र नई दिल्ली, 29 अगस्ट्त, 2023 (आय-कर) सा.का.जन. 636(अ).—भारत के रािपत्र, असाधारण, भाग-।।, खण्ड 3, उप-खण्ड (i) में सा.का.जन. 615(अ) दिनांक 18.08.2023 के माध्यम से प्रकाजित भारत सरकार, जित्त मंत्रालय, रािस्ट्ि जिभाग (केंरीय प्रत्यक्ष कर बोडड) अजधसूचना सं. 65/2023 दिनांक 18 अगस्ट्त, 2023 में --- (1) रािपत्र अजधसूचना सा.का.जन. स.ं 615(अ) दिनांक 18.08.2023 के पृष्ठ 3 पर तीसरे परतुंक में ‘‘परंतु यह भी दक िहां िास-सुजिधा का स्ट्िाजमत्ि जनयोिक के पास है’’ िब्िों के बाि और ‘‘तथा िही िास-सुजिधा’’ िब्िों के पूि,ड ‘‘या िहां िास-सुजिधा जनयोिक द्वारा पट्टे या दकराए पर ली गई हो’’ िब्िों को रखा िाए। [अजधसूचना सं. 72/2023/फा सं. 370142/21/2023-टीपीएल भाग (1)] अमृत प्रीतम चेजतया, अिर सजचि 5549 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 29th August, 2023 (INCOME-TAX) G.S.R. 636(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) No. 65/2023 dated 18th August, 2023, published vide No. G.S.R. 615(E), dated 18.08.2023 in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), — (i) In line 1 of page 6 of the Gazette Notification G.S.R. No. 615 (E) dated 18.08.2023, after the words “Provided also that where the accommodation is owned” and before the words “by the employer and the same accommodation is”, the words “or taken on lease or rent” shall be inserted. [Notification No. 72/2023/F. No.370142/21/2023-TPL Part(1)] AMRIT PRITOM CHETIA, Under Secy. 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.

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