notification no. 23/2022 f. no. 370142/8/2022 tpl pt.vii / gsr 252 e income tax 5th amendment rules 2022

40 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 1st April, 2022 INCOME-TAX G.S.R. 252(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 (5th Amendment) Rules, 2022. (2) They shall come into force with effect from the 1st day of April, 2022. 2. In the Income-tax Rules, 1962, in Appendix-II, for Form ITR-7, the following Form shall be substituted, namely:— ‘FORM ITR-7 INDIAN INCOME TAX RETURN [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only] (Please see rule 12 of the Income-tax Rules, 1962) (Please refer instructions for guidance) Assessment Year 2 0 2 2 - 2 3 Part A-GEN PERSONAL INFORMATION (A1) Name (as mentioned in deed of creation/ establishing/ incorporation/ formation) (A2) PAN (A4) Flat/Door/Block No (A5) Name Of Premises/Building/Village (A3) Date of formation/incorporation (DD/MM/YYYY) / / (A6) Road/Street/Post Office (A7) Area/Locality (A11) Status (see instructions)  (A12) Sub Status (see instructions)  (A8) Town/City/District (A9) State (A10) Pin code/Zip code (A13) Office Phone Number with STD code/Mobile No. 1 (A14) Mobile No. 2 (A15) Email Address 1 (A16) Email Address 2 (A17) (i) Return furnished under section 139(4A) 139(4B) 139(4C) 139(4D) (ii) Please specify the section under which the exemption is claimed (dropdown to be provided) (A18) Whether any project/institution is run by the assessee? (Yes/No) If Yes, then please furnish the details: Details of the projects/institutions run by you Sl. Name of the project/institution (see instruction) Nature of activity (see instruction) Classification (see instructions) 1 2 3 4 [भाग II—खण्‍ड 3(i)] भारत‍का‍राजपत्र‍:‍असाधारण 41 (A22) Whether you have held unlisted equity shares at any time during the previous year? (Tick)   Yes  No If yes, please furnish following information in respect of equity shares Name of compa ny Type of the company P A N Opening balance Shares acquired during the year Shares transferred during the year Closing balance No. of shar es Cost of acquisiti on No. of shar es Date of subscripti on / purchase Fac e valu e per shar e Issu e pric e per shar e (in case of fres h issu e) Purchase price per share (in case of purchase from existing sharehold er) No. of shar es Sale considerati on No. of share s Cost of acquisiti on (A19) Details of registration/provisional registration or approval under the Income-tax Act (Mandatory, if required to be registered) Sl. Section under which registered/provision ally registered or approved/notified Date of registration/provisional registration or approval Approval/ Notification/ Unique Registration No. (URN) Approving / registering Authority Date from which registration//pro visional registration/ approval is effective 1 (Dropdowns to be provided) 2 (A20) Details of registration/provisional registration or approval under any law other than Income-tax Act (including the registration under Foreign Contribution (Regulation) Act, 2010, registration on DARPAN portal of Niti Aayog and registration with SEBI) Sl. Law under/Portal on which registered Specify details in case ‘Any other Law’ Date of registration or approval Approval/ Notification/ Registration No. Approving/ registering Authority Date from which the registration is effective 1 (Dropdowns to be provided) 2 FILIN G (A21) (ai) Return filed u/s (Tick) [Please see instruction] 139(1)-On or before due date, 139(4)-After due date, 139(5)-Revised Return, 92CD-Modified return, 119(2)(b)- after condonation of delay. (aii) Or filed in response to notice u/s  139(9),  142(1),  148 (b) If revised/ defective/Modified, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) __ /___/___ (c) If filed, in response to a notice u/s 139(9)/142(1)/148/153A/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) __ /___/___ (d) Residential status? (Tick)  Resident  Non-resident (e) Whether any income included in total income for which claim under sections 90/90A/91 has been made?  Yes No [applicable in the case of resident] [if yes, ensure to fill Schedule FSI and Schedule TR] (f) Whether this return is being filed by a representative assessee? (Tick)   Yes  No If yes, please furnish following information - (1) Name of the representative (2) Capacity of the Representative (drop down to be provided) (3) Address of the representative (4) Permanent Account Number (PAN)/Aadhaar No. of the representative (g) Whether you are Partner in a firm? (Tick)   Yes  No If yes, please furnish following information Name of Firm PAN 42 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 1a 1b 2 3 4 5 6 7 8 9 10 11 12 13 OTHER DETAILS (A23) i Where, in any of the projects/institutions run by you, one of the charitable purposes is advancement of any other object of general public utility then,- a i Whether there is any activity in the nature of trade, commerce or business referred to in proviso to section 2(15)?  Yes  No ii If yes, then percentage of receipt from such activity vis-à-vis total receipts % b i Whether there is any activity of rendering any service in relation to any trade, commerce or business for any consideration as referred to in proviso to section 2(15)?  Yes  No ii If yes, then percentage of receipt from such activity vis-à-vis total receipts % ii If ‘a’ or ‘b’ is YES, the aggregate annual receipts from such activities in respect of that institution Sl. Name of the project/Institution Amount of aggregate annual receipts from such activities a b (A24) i Is there any change in the objects/activities during the Year on the basis of which approval/registration/provisional registration was granted?  Yes  No ii If yes, please furnish following information:- A date of such change (DD/MM/YYYY) ____/____/______ __ B Whether an application for fresh registration/provisional registration has been made in the prescribed form and manner within the stipulated period of thirty days as per clause (ab) of sub-section (1) of section 12A / sub-clause (v) of clause (ac) of sub-section (1) of section 12A  Yes  No C Whether fresh registration/provisional registration has been granted under section 12AA/12AB  Yes  No D date of such fresh registration/provisional registration (DD/MM/YYYY) ____/____/______ __ (A25) Whether liable to tax at maximum marginal rate under section 164? (If disallowable u/s 13(1)(c) and/or 13(1)(d))?  Yes  No (A26) Is this your first return?  Yes  No [भाग II—खण्‍ड 3(i)] भारत‍का‍राजपत्र‍:‍असाधारण 43 AUDIT INFORMATION (A27) (i) Are you liable for audit under the Income-tax Act?(Tick)   Yes  No, If yes, furnish following information- (ii) Section under which you are liable for audit (specify section). Please mention date of audit report. (DD/MM/YY)