Section 115G of Income Tax Act for AY 2023-24

Section 115G of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules 1962. Return of income not to be filed in certain cases.

Amended and updated notes on section 115G of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to return of income not to be filed in certain cases.

Chapter XII-A (Sections 115C to 115-I) of the Income Tax Act 1961 deals with the provisions related to special provisions relating to certain incomes of non-residents. Section 115G of IT Act 1961-2023 provides for return of income not to be filed in certain cases.

Recently, we have discussed in detail section 115F (Capital gains on transfer of foreign exchange assets not to be charged in certain cases) of IT Act 1961. Today, we learn the provisions of section 115G of Income-tax Act 1961. The amended provision of section 115G is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 115G of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962, regulations, notifications, circulars, orders and Press Release by CBDT, Income Tax Department and the Ministry of Law and Justice, Government of India.

Section-115G: Return of income not to be filed in certain cases

It shall not be necessary for a non-resident Indian to furnish under sub- section (1) of section 139 a return of his income if—

  • (a) his total income in respect of which he is assessable under this Act during the previous year consisted only of investment income or income by way of long-term capital gains or both; and
  • (b) the tax deductible at source under the provisions of Chapter XVII-B has been deducted from such income.


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