S.O.997(E). - In exercise of the powers conferred by 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 the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (4th Amendment) Rules, 2014.
(2) They shall come into force witheffect from the 1st day of April, 2014.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 12,
(a) in sub-rule (1), for the figures “2013″, the figures “2014″ shall be substituted;
(b) in sub-rule(2), in the proviso after the words and figures “section 115JB” the words “or to give a notice under clause (a) of sub-section (2) of section 11″ shall be inserted;
(c) in sub-rule (3), in the first proviso,-
(A) after clause (aab), the following clause shall be inserted, namely:-
“(aac) a person required to furnish the return in Form ITR-5, other than a firm to which clause (aaa) is applicable, shall furnish the return for the assessment year 2014-15 and subsequent assessment years in the manner specified in clause (ii) or clause (iii);”;
(B) for clause (b), the following clause shall be substituted, namely:-
“(b) a person required to furnish the return in Form ITR-7 shall furnish the return for assessment year 2014-15 and subsequent assessment years,-
(A) in case it is furnished under sub-section (4B) of section 139, in the manner specified in clause (ii);
(B) in other cases, in the manner specified in clause (i) or clause (ii) or clause (iii):”;
(d) in sub-rule (4), after the words, “report of audit”, the words “or notice” shall be inserted;
(e) in sub-rule (5), for the figures “2012″, the figures “2013″ shall be substituted.
3. In the said rules, in Appendix-II, for “Forms SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) and ITR-V” the “Forms SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) and ITR-V” shall be respectively substituted as follows:-
Forms SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) and ITR-V
Director to the Government of India
Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O.969(E), dated the 26th March, 1962 and last amended by Income-tax (3rd Amendment) Rules, 2014 vide notification S.O. No. 878 (E) dated 21 March, 2014.