Income-tax Thirtieth Amendment Rules 2023

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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2023

G.S.R. 908(E).— In exercise of the powers conferred by section 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 (Thirtieth Amendment) Rules, 2023.

(2) They shall come into force with effect from the 1st day of April, 2024; 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12.— (i) in sub-rule (1), in the opening portion, for the figure “2023”, the figure “2024” shall be substituted; (ii) in sub-rule (5), for the figures “2022”, the figures “2023” shall be substituted. 3. In the principal rules, in APPENDIX II, — (i) for Form ITR-1 SAHAJ, the following Form shall be substituted, namely:- FORM ITR-1 SAHAJ INDIAN INCOME TAX RETURN [For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousand] [Not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP] (Refer instructions for eligibility) Assessment Year 2 0 2 4 - 2 5 PART A GENERAL INFORMATION (A1) PAN

(A2) First Name

(A2a) Middle Name

(A3) Last name (A4) Date of Birth (A5) Aadhaar Number (12 digits)/Aadhaar Enrolment Id (28 digits) (If eligible for Aadhaar No.) D D M M Y Y Y Y (A6) Mobile No. (A7) Email Address Address: (A8) Flat/Door/Block No. (A9) Name of Premises/Building/Village (A10) Road/Street/Post Office Area/Locality (A11) Town/City/District (A12) State (A13) Country (A14) PIN code (A15) Filed u/s (Tick) [Please see instruction]  139(1)-On or before due date, 139(4)-Belated, 139(5)-Revised,  119(2)(b)- After Condonation of delay (A17) Nature of employment-  Central Govt.  State Govt.  Public Sector Undertaking  Pensioners-CG  Pensioners-SG  Pensioners-PSU  Pensioners- Others  Others  Not Applicable (e.g. Family Pension etc.) (A16) Or Filed in response to notice u/s  139(9),  142(1),  148,  153C (A18) If revised/ defective, then enter Receipt No. and Date of filing original return (DD/MM/YYYY)

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14 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

(A19) If filed in response to notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b)- enter Unique Number/Document Identification Number (DIN) & Date of such Notice or Order

/ / (A20) Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”)  Yes  No (A21) Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income? - (Tick)  Yes  No If yes, please furnish following information [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)]

• (i) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/ No) Amount (Rs) (If Yes)
• (ii) Have you incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on consumption of electricity during the previous year? (Yes/No) Amount (Rs) (If Yes)
• (iii) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso to section 139(1) (If yes, please select the relevant condition from the drop down menu) (Tick)  Yes  No

PART B GROSS TOTAL INCOME Whole- Rupee( ) only B1 i Gross Salary (ia + ib + ic+id+ie) i SALARY / PENSION

a Salary as per section 17(1) ia b Value of perquisites as per section 17(2) ib c Profit in lieu of salary as per section 17(3) ic d Income from retirement benefit account maintained in a notified country u/s 89A (country drop down will be provided in e-filing utility) id e Income from retirement benefit account maintained in a country other than notified country u/s 89A ie ii Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) (Ensure that it is included in salary income u/s 17(1)/17(2)/17(3) ) ii iia Less: Income claimed for relief from taxation u/s 89A iia iii Net Salary (i – ii-iia) iii iv Deductions u/s 16 (iva + ivb + ivc) iv

a Standard deduction u/s 16(ia) iva b Entertainment allowance u/s 16(ii) ivb c Professional tax u/s 16(iii) ivc v Income chargeable under the head ‘Salaries’ (iii – iv) B1 B2 Tick applicable option  Self-Occupied  Let Out  Deemed Let Out HOUSE PROPERTY i Gross rent received/ receivable/ lettable value during the year i ii Tax paid to local authorities ii iii Annual Value (i – ii) iii iv 30% of Annual Value iv v Interest payable on borrowed capital v vi Arrears/Unrealised rent received during the year less 30% vi vii Income chargeable under the head ‘House Property’ (iii – iv – v) + vi (If loss, put the figure in negative) Note: - Maximum loss from House Property that can be set-off is INR 2, 00,000. To avail the benefit of carry forward and set of loss, please use ITR -2 B2

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B3 Income from Other Sources (drop down like interest from saving account, deposit etc. to be provided in e-filing utility specifying nature of income and in case of dividend income and Income from retirement benefit account maintained in a notified country u/s 89A, please mention quarterly breakup for allowing applicable relief from section 234C) B3

Less: Deduction u/s 57(iia) (in case of family pension only)

Less: Income claimed for relief from taxation u/s 89A

B4 Gross Total Income (B1+B2+B3) (If loss, put the figure in negative) Note: To avail the benefit of carry forward and set of loss, please use ITR -2 B4 PART C – DEDUCTIONS AND TAXABLE TOTAL INCOME (Refer instructions for Deduction limit as per Income-tax Act) 80C 80CCC 80CCD(1) 80CCD(1B) 80CCD(2) 80CCH 80D (Details are to be filled in the drop down to be provided in e-filing utility) 80DD (Details are to be filled in the drop down to be provided in e-filing utility) 80DDB (Details are to be filled in the drop down to be provided in e-filing utility) 80E 80EE 80EEA 80EEB 80G (Details are to be filled in the drop down to be provided in e-filing utility) 80GG 80GGA (Details are to be filled in the drop down to be provided in e-filing utility) 80GGC (Details are to be filled in the drop down to be provided in e-filing utility) 80TTA 80TTB 80U (Details are to be filled in the drop down to be provided in e-filing utility) Any other Deduction as per the e-filing utility Total deductions C1 Total Income (B4-C1) C2 Exempt Income For reporting purpose Drop down to be provided in e-filing utility mentioning nature of exempt income, relevant clause and section

PART D – COMPUTATION OF TAX PAYABLE D1 Tax payable on total income

D2 Rebate u/s 87A

D3 Tax after Rebate

D4 Health and education Cess @ 4% on D3

D5 Total Tax and Cess

D6 Relief u/s 89 (Please ensure to submit Form 10E to claim this relief)

D7 Interest u/s 234A

D8 Interest u/s 234B

D9 Interest u/s 234C

D10 Fee u/s 234F

D11 Total Tax, Fee and Interest (D5+D7+D8+D9+D10 – D6)

D12 Total Taxes Paid

D13 Amount payable (D11-D12) (if D11>D12)

D14 Refund (D12-D11) (if D12>D11)

PART E – OTHER INFORMATION Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) Sl. IFS Code of the Bank Name of the Bank Account Number Type of account (Dropdown to be provided by E-filing utility) Select Account for Refund Credit I

1. Minimum one account should be selected for refund credit.
2. In case of Refund, multiple accounts are selected for refund credit, then refund will be credited to one of the account decided by CPC after processing the return.