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Date: 09-Jul-2024 Category: Extra Ordinary State: Union Government Country: India

Notification under section 138 of the Income Tax Act, 1961 in respect of Government of Telangana.

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, Government of India, specifies the Agriculture Production Commissioner (APC) & Secretary to Government, Agriculture & Co-operation Department, Government of Telangana, under sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961.

Key Changes

  • The Central Government has officially designated the Agriculture Production Commissioner (APC) and the Secretary to the Government, Agriculture & Co-operation Department of the Telangana state government. This designation is made in accordance with sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income Tax Act, 1961. The notification does not provide specific numerical data on changes but rather designates specific individuals for tax purposes under the existing act.

Impact Analysis

Impact on Telangana State Government

  • Increased workload and potential need for additional resources to fulfill the new responsibilities under the Income Tax Act.

Impact on Taxpayers in Telangana

  • The impact on taxpayers will depend on how the designated officials implement the provisions of Section 138 of the Income Tax Act, 1961.

Impact on Central Board of Direct Taxes (CBDT)

  • The CBDT gains a designated point of contact within the Telangana state government for matters related to Section 138 of the Income Tax Act, 1961, potentially improving efficiency in tax administration and compliance.

Suggested Action Items

  • Monitor the impact of this designation on tax compliance and administration in Telangana.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the gazette notification. Central Board of Direct Taxes (CBDT): The organization within the Ministry of Finance responsible for administering direct taxes in India. Agriculture Production Commissioner (APC) & Secretary to Government, Agriculture & Co-operation Department, Government of Telangana: The individuals specified by the Central Government for the purposes of Section 138 of the Income Tax Act, 1961. Income Tax Act, 1961: The primary legislation governing income tax in India. Section 138 is relevant to this notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-09072024-255289 xxxGIDHxxx CG-DLxx-xEG-I0D9E0x7x2x0 24-255289 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2526] नई दिल्ली, मगं लिार, िुलाई 9, 2024/आिाढ 18, 1946 No. 2526] NEW DELHI, TUESDAY, JULY 9, 2024/ASHADHA 18, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केन्द्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 9 िुलाई, 2024 का.आ. 2661(अ).—आयकर अजधजनयम, 1961 की धारा 138 की उप-धारा (1) के खंड (क) के उप-खंड (ii) के अनुसरण में, केंर सरकार कृजि उत्पािन आयक्तु (एपीसी) एि ं सरकार के सजचि, कृजि एिं सहकाररता जिभाग, तले ंगाना सरकार को उक्त खंड के प्रयोिनों के जलए जिजनर्िष्टड करती ह ै। [फा. सं. 225/106/2024-आईटीए-II] रिीन्द्र मैनी, जनििे क MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th July, 2024 S.O: 2661(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income- tax Act, 1961, the Central Government hereby specifies Agriculture Production Commissioner (APC) & Secretary to Government, Agriculture & Co-operation Department, Government of Telangana for the purposes of said clause. [F. No. 225/106/2024/ITA-II] RAVINDER MAINI, Director 4091 GI/2024 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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