notification no. 19/2024 f. no. 370142/47/2023 tpl / gsr 83 e income tax amendment rules 2024

148 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st January, 2024 G.S.R. 83(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 (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 section 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: ––– [भागII—खण् ि 3(i)] भारर् का राजपत्र : असािारण 149 “FORM ITR-2 INDIAN INCOME TAX RETURN [For Individuals and HUFs not having income from profits and gains of business or profession] (Please see Rule 12 of the Income -tax Rules, 1962) (Please refer instructions) Assessment Year 2 0 2 4 - 2 5 Part A-GEN GENERAL PERSONAL INFORMATION (A1) First name (A2) Middle name (A3) Last name (A4) PAN (A6) Flat/Door/Block No. (A7) Name of Premises/Building/Village (A5) Status (Tick) þ o Individual o HUF (A8) Road/Street/Post Office (A14) Date of Birth/ Formation (DD/MM/YYYY) (A9) Area/locality (A15) Aadhaar Number (12 digit) / Aadhaar Enrolment Id (28 digit) (if eligible for Aadhaar) (A10) Town/City/District (A11) State (A13) PIN code/ZIP code (A12) Country (A16) Residential/Office Phone Number with STD code/ Mobile No. 1 (A17) Mobile No. 2 FILING STATUS (A18) Email Address-1 (self) (A19) Email Address-2 (A20) (a1i) Filed u/s (Tick) [Please see instruction] o139(1)-On or before due date, o139(4)-After due date, o139(5)-Revised Return, o92CD-Modified return, o119(2)(b)-After condonation of delay (a1ii) Or filed in response to notice u/s o 139(9), o 142(1), o 148 , o 153C (a2) Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime ? (default is “No”) Note- For Opting out, option should be exercised along with the return of income filed u/s 139(1) (b) 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)] (bi) Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more current account during the previous year? (Yes/No) Amount (Rs) (If Yes) (bii) 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) (biii) 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) (biv) 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) o Yes o No (c) If Revised/Defective/Modified, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) / / (d) If filed, in response to a notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b) enter Unique Number/ Document Identification Number (DIN) and date of such Notice/Order, or if filed u/s 92CD, enter date of Advance Pricing Agreement (Unique Number) / / (e) Residential Status in India (for individuals) A. Resident o You were in India for 182 days or more during the previous year [section 6(1)(a)] 150 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (Tick applicable option) o You were in India for 60 days or more during the previous year, and have been in India for 365 days or more within the 4 preceding years [section (6)(1)(c)] [where Explanation 1 is not applicable] You are a citizen of India, who left India, for the purpose of employment, as a member of the crew of an Indian ship and were in India for 182 days or more during the previous year and 365 days or more within the preceding 4 years [Explanation 1(a) of section (6)(1)(c)] You are a citizen of India or a person of Indian origin and have come on a visit to India during the previous year and were in India for a) 182 days or more during the previous year and 365 days or more within the preceding 4 years; or b) 120 days or more during the previous year and 365 days or more within the preceding 4 years if the total income, other than income from foreign sources, exceeds Rs. 15 lakh. [Explanation 1(b) of section (6)(1)(c)] B. Resident but not Ordinarily Resident o You have been a non-resident in India in 9 out of 10 preceding years [section 6(6)(a)] o You have been in India for 729 days or less during the 7 preceding years [section 6(6)(a)] You are a citizen of India or person of Indian origin, who comes on a visit to India, having total income, other than the income from foreign sources, exceeding Rs. 15 lakh and have been in India for 120 days or more but less than 182 days during the previous year [section 6(6)(c)] You are a citizen of India having total income, other than the income from foreign sources, exceeding Rs. 15 lakh during the previous year and not liable to tax in any other country or territory by reason of your domicile or residence or any other criteria of similar nature [section 6(6)(d) rws 6(1A)]