Income-tax Third Amendment Rules 2010 for Forms ITR-1 and ITR-V

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 23rd April, 2010

INCOME-TAX

S.O. 943 (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 (Third Amendment) Rules, 2010.

• (2) They shall come into force on the 1st day of April, 2010.

2. In the Income-tax Rules, 1962,

• (a) in rule 12, –

  • (i) in sub-rule (1), for the figures “2009”, the figures “2010” shall be substituted;
  • (ii) in sub-rule (5), for the figures “2008”, the figures “2009” shall be substituted;

• (b) in Appendix-II, for Forms ITR-1 and ITR-V, the following forms shall be substituted, namely:-

Assessment Year FORM SARAL-II (ITR-1) INDIAN INCOME TAX RETURN [For Individuals having Income from Salary / Pension / Income from One House Property (excluding loss brought forward from previous years) / Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses)] (Please see rule 12 of the Income-tax Rules,1962) (Also see attached instructions) 2 0 1 0 - 1 1 PAN First name Middle name Last name

Date of Birth (DD/MM/YYYY) Flat/Door/Block No Name Of Premises/Building/Village / / Employer Category (Tick); Road/Street/Post Office Area/Locality † Govt † PSU † Others Pin code Sex (Tick) ; Town/City/District State

† Male † Female PERSONAL INFORMATION Email Address (STD code)-Phone Number ( ) Designation of Assessing Officer (Ward/Circle) Return filed under section - [Please see instruction number-9(i)]

Whether original or revised return? (Tick) ; † Original † Revised If revised, enter receipt no and date of filing original return

DD / MM / YYYY FILING STATUS Residential Status (Tick) ; † Resident † Non-Resident † Resident but Not Ordinarily Resident 1 Income chargeable under the Head ‘Salaries’(Salary/ Pension) 1 2 Income chargeable under the Head ‘House Property’ (enter –ve sign in case of loss, if any) 2 3 Income chargeable under the Head ‘Other Sources’ (enter –ve sign in case of loss, if any) 3 4 Gross Total Income (1+2+3) 4 5 Deductions under chapter VI A (Section)

a 80C

e 80DD

i 80GG

b 80CCC

f 80DDB

j 80GGA

c 80CCD

g 80E

k 80GGC

d 80D

h 80G

l 80U

6 Deductions (Total of 5a to 5l) 6

INCOME & DEDUCTIONS 7 Total Income (4-6) 7

8 Tax Payable on Total Income 8

9 Secondary and Higher Education cess on 8 9

10 Total Tax and Education Cess Payable (8+9) 10 11 Relief under section 89 11 12 Relief under section 90 / 91 12 13 Balance Tax Payable (10-11-12) 13 14 Total Interest Payable u/s 234A / 234B / 234C 14 TAX COMPUTATION 15 Total Tax and Interest Payable (12+13) 15 Do not write or stamp in this area For Office Use Only

Receipt No

Date

Seal and Signature of receiving official

16 Taxes Paid

a Advance Tax (from item 25) 16a b TDS (column 7 of item 23 +column 7 of item 24) 16b

c Self Assessment Tax (from item 25) 16c 17 Total Taxes Paid (16a+16b+16c) 17 TAXES PAID 18 Tax Payable (15-17) (Enter if 15 is greater than 17, else leave blank) 18 19 Refund (17d-16) (enter if 17d is greater than 16, also give Bank Account details below) 19 20 Enter your bank account number (mandatory in case of refund)

21 Do you want your refund by † cheque, or † deposited directly into your bank account? (tick as applicable ; ) 22 Give additional details of your bank account REFUND MICR Code

Type of Account (tick as applicable ; ) † Savings

23 Details of Tax Deducted at Source from Salary [As per Form 16 issued by Employer(s)]

24 Details of Tax Deducted at Source other than salary

NOTE ► Enter the total of column (7) of 23 and column (7) of 24 in Sl No. 17b of TAXES PAID

25 Details of Advance Tax and Self Assessment Tax Payments

NOTE ► Enter the totals of Advance tax and Self Assessment tax in Sl No. 17 a and 17c of TAXES PAID

26 Other Information (transactions reported through Annual Information Return) (Please see instruction number-9(ii) for code)

27 Exempt income only for reporting purposes (from Dividend, Capital gains etc) 27 VERIFICATION I, son/ daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return thereto is correct and complete and that the amount of total income and other particulars shown therein are truly stated and are in accordance with the provisions of the Income-tax Act, 1961, in respect of income chargeable to Income-tax for the previous year relevant to the Assessment Year 2010-11. Place

Date

Sign here Î

28 If the return has been prepared by a Tax Return Preparer (TRP) give further details as below: Identification No. of TRP

Name of TRP Counter Signature of TRP 29 If TRP is entitled for any reimbursement from the Government, amount thereof (to be filled by TRP) 29

Assessment Year FORM ITR- V INCOME TAX RETURN VERIFICATION FORM INDIAN [Where the data of the Return of Income in Form SARAL-II (ITR-1), ITR-2, ITR-3, ITR- 4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature] (Please see rule 12 of the Income-tax Rules,1962) (Also see attached instructions) 2 0 1 0 - 1 1

PAN Name

Flat/Door/Block No Name Of Premises/Building/Village Road/Street/Post Office Area/Locality Form No. which has been electronically transmitted (fill the code)

Town/City/District State

Status (fill the code)

Designation of Assessing Officer (Ward/ Circle) Original or Revised

PERSONALINFORMATION AND THE DATE OF ELECTRONIC TRANSMISSION E-filing Acknowledgement Number

Date(DD/MM/YYYY) / / 1 Gross total income 1 2 Deductions under Chapter-VI-A 2 3 Total Income 3 3a Current Year loss (if any) 3a 4 Net tax payable 4 5 Interest payable 5 6 Total tax and interest payable 6 7 Taxes Paid a Advance Tax 7a

b TDS 7b

c TCS 7c

d Self Assessment Tax 7d

e Total Taxes Paid (7a+7b+7c +7d) 7e 8 Tax Payable (6-7e) 8 COMPUTATION OF INCOME AND TAX THEREON 9 Refund (7e-6) 9 VERIFICATION I, _________________________________________________(full name in block letters), son/ daughter of

---

holding permanent account number __________________________solemnly declare that to the best of my knowledge and belief, the information given in the return and the schedules thereto which have been transmitted electronically by me vide acknowledgement number mentioned above is correct and complete and that the amount of total income/ fringe benefits and other particulars shown therein are truly stated and are in accordance with the provisions of the Income-tax Act, 1961, in respect of income and fringe benefits chargeable to income-tax for the previous year relevant to the assessment year 2010-11. I further declare that I am making this return in my capacity as ____________________________________ and I am also competent to make this return and verify it. Sign here Î

Date Place

If the return has been prepared by a Tax Return Preparer (TRP) give further details as below: Identification No. of TRP

Name of TRP Counter Signature of TRP For Office Use Only Receipt No Date Seal and Signature of receiving official