The CBDT issued Notification No. 14/2024 on January 23, 2024, amending previous notifications. It states that the notification is applicable from the financial year 2020-2021 to 2024-2025, relevant to the assessment year 2021-2022 to 2025-2026. Additionally, it amends another notification for the financial year 2020-2021 to 2022-2023, relevant to the assessment year 2021-2022 to 2023-2024. The Explanatory Memorandum certifies that no person is adversely affected by the retrospective effect of this notification.
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