MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi: 31.01.2024
NOTIFICATION
G.S.R. 83(E).— In exercise of the powers conferred by sect ion 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely: -
1. Short title and commencement.— (1) These rules may be called the Income-tax (Amendment) Rules, 2024.
(2) They shall come into force from the 1st day of April, 2024.
2. In the Income-tax Rules, 1962 (herein after referred to as the principal rules), in rule 12, in sub-rule (3), in the Table, for Sl. No. 1 and entries thereto, the following Sl. No. and entries shall be substituted, namely: —
|
“Sl. No. |
Person |
Condition |
Manner of furnishing return of income |
|
(i) |
(ii) |
(iii) |
(iv) |
|
[1 |
Individual or Hindu Undivided Family |
(a) Accounts are required to be audited under sect ion 44AB of the Act; |
(A) Electronically under digital signature; or (B) Transmitting the data electronically in the return under electronic verification code; |
|
(b) Where total income assessable under the Act during the previous year of a person, being an individual of the age of eighty years or more at any time during the previous year, and who furnishes the return in Form number SAHAJ (ITR-1) or Form number SUGAM (ITR-4). |
(A) Electronically under digital signature; or (B) Transmitting the data electronically in the return under electronic verification code; or (C) Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V; or (D) Paper form; |
||
|
(c) In any other case |
(A) Electronically under digital signature; or (B) Transmitting the data electronically in the return under electronic verification code; or (C) Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V.” |
3. In the principal rules, in Appendix II,
(a) for FORM ITR-2, the following FORM shall be substituted, namely: –
[Notification No. 19/2024/ F. No. 370142/47/2023-TPL]
SURBENDU THAKUR,
Under Secy. Tax Policy and Legislation
Note: - The principal rules were published vide notification S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification GSR 64(E), dated the 24th January 2024.