Amended and updated notes on section 289 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 Receipt to be given.
Chapter XXIII (Sections 281 to 298) of the Income Tax Act 1961 deals with the provisions related to Miscellaneous. Section 289 of IT Act 1961 provides for Receipt to be given.
Recently, we have discussed in detail section 288B (Rounding off amount payable and refund due) of IT Act 1961. Today, we learn the provisions of section 289 of Income-tax Act 1961. The amended provision of section 289 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 289 of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.
Section-289: Receipt to be given
A receipt shall be given for any money paid or recovered under this Act.