notification no. 21/2021 f.no. 370142/5/2021 tpl / gsr 242 e

219 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 March, 2021 G.S.R. 242(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 (7th Amendment) Rules, 2021. (2) They shall come into force with effect from the 1st day of April, 2021. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12, in sub-rule (1), –– (a) in the opening portion, for the figure “2020”, the figure “2021” shall be substituted; (b) in clause (a), in the proviso,–– (i) in sub-clause (v), the word “or” shall be omitted; (ii) after sub-clause (vi), the following sub-clauses shall be inserted, namely:–– “(VII) is a person in whose case tax has been deducted under section 194N; or (VIII) is a person in whose case payment or deduction of tax has been deferred under sub-section (2) of section 191 or sub-section (1C) of section 192;”; (c) in clause (ca), in the proviso, after sub-clause (V), the following sub-clause shall be inserted, namely:— “(VI) has income of the nature specified in clause (vi) of sub-section (2) of section 17 on which tax is payable or deductible, as the case may be, under sub-section (2) of section 191 or sub-section (1C) of section 192;.” 3. In the principal rules, in Appendix-II, for Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V the following Forms shall, respectively, be substituted, namely:— 220 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] “FORM ITR-1 SAHAJ INDIAN INCOME TAX RETURN [For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto 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 1 - 2 2 PART A GENERAL INFORMATION PAN Name Date of Birth Aadhaar Number (12 digits)/Aadhaar Enrolment Id (28 digits) (If eligible for Aadhaar No.) D D M M Y Y Y Y Mobile No. Email Address Address: Flat/Door/Block No. Name of Premises/Building/Village Road/Street/Post Office Area/Locality Town/City/District State Country PIN code 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. Nature of employment-  Central Govt.  State Govt.  Public Sector Undertaking  Pensioners  Others  Not Applicable (e.g. Family Pension etc.) Or Filed in response to notice u/s  139(9),  142(1),  148, 153A  153C If revised/defective, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) / / If filed in response to notice u/s 139(9)/142(1)/148/153A/153C or order u/s 119(2)(b)- enter Unique Number/Document Identification Number (DIN) & Date of such Notice or Order / / Are you opting for new tax regime u/s 115BAC ?  Yes  No 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)] 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) 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) 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) PART B GROSS TOTAL INCOME Whole- Rupee( ) only B1 i Gross Salary (ia + ib + ic) 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 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 iii Net Salary (i – ii) 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 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 please mention quarterly breakup for allowing applicable relief from section 234C) B3 Less: Deduction u/s 57(iia) (in case of family pension only) 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. Please note that the deduction in respect of the investment/ deposit/ payments for the period 01-04-2020 to 31-07-2020 cannot be claimed again, if already claimed in the AY 20-21) [भाग II—खण्‍ड 3(i)] भारत‍का‍राजपत्र‍:‍असाधारण 221 80C 80CCC 80CCD(1) 80CCD(1B) 80CCD(2) 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 80TTA 80TTB 80U (Details are to be filled in the drop down to be provided in 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