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The Central Board of Direct Taxes amends the Income-tax Rules, 1962 to update return forms and remove requirements to attach tax computation statements and proofs. The rules apply to individuals, Hindu undivided families, and other assesses filing income tax returns. Taxpayers do not attach tax computation statements, tax deduction proofs, advance tax proofs, self-assessment tax proofs, account copies, or audit reports to specified income tax return forms. The amendments remove fringe benefit return references and introduce Form SUGAM (ITR-4S) for specific business income cases. The rules come into force on the 1st day of April, 2011.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES]
NOTIFICATION
New Delhi, the 5th day of April, 2011
INCOME-TAX
S.O. 693(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) These rules may be called the Income-tax (3rd Amendment) Rules,
In the Income-tax Rules, 1962,-
(A) in rule 12,–
(i) in sub-rule (1),-
“(ca) in the case of a person being an individual or a Hindu undivided family deriving business income and such income is computed in accordance with special provisions, referred to in section 44AD and section 44AE of the Act for computation of business income be in Form SUGAM (ITR-4S) and be verified in the manner indicated therein.”;
(ii) for sub-rule(2), the following sub-rule shall be substituted, namely: - “(2) The return of income required to be furnished in Form SAHAJ (ITR-1) or Form No. ITR-2 or Form No. ITR -3 or Form SUGAM (ITR-4S) or Form No. ITR -4 or Form No. ITR-5 or Form No. ITR - 6 shall not be accompanied by a statement showing the computation of the tax payable on the basis of the return, or proof of the tax, if any, claimed to have been deducted or collected at source or the advance tax or tax on self- assessment, if any, claimed to have been paid or any document or copy of any account or form or report of audit required to be attached with the return of income under any of the provisions of the Act.”;
(iii) in sub-rule (3), the words “or the return of fringe benefits,” shall be omitted; (iv) in sub-rule (5),
(B) in Appendix-II, for Forms SARAL-II (ITR-1), ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V, the Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4S), ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V shall be substituted.
[Notification No. 18 /2011/ F.No.142/02/2011 -TPL]
(PAWAN K. KUMAR) Director to the Government of India
Note.- The principal rules were published vide Notification No.S.O.969(E), dated the 26th March, 1962 and last amended by Income-tax (3rd Amendment) Rules, 2010 vide Notification S.O. No.647 dated 29.03.2011.
