notification no. 24/2024 f. no. 370142/1/2024 tpl part 1 /gsr 153e income tax third amendment rules 2024

[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 45 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st March, 2024 G.S.R 153(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 the Income-tax Rules, 1962, namely:- 1. Short title and commencement.— (1) These rules may be called the Income-tax (Third Amendment) Rules, 2024. (2) They shall come into force on the 1st day of April, 2024. 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 4 - 2 5 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 46 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (A19) Details of registration/provisional registration or approval under the Income-tax Act (Mandatory, if required to be registered) (Where regular registration/approval has been granted, details of provisional registration/ approval are not required) Sl. Section under which registered/provisionally registered or approved/notified Date of registration/provisional registration or approval Approval/ Notification/ Unique Registration No. (URN) Approving/ registering Authority Date from which registration/provisional 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 FILING STATUS (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,  153C (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)/148/153C 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 section 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 (h) Legal Entity Identifier (LEI) details (mandatory if refund is 50 crores or more): LEI Number Valid upto date (DD/MM/YYYY) [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 47 (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 comp any Type of the comp any PA N Opening balance Shares acquired during the year Shares transferred during the year Closing balance No. of sha res Cost of acquisi tion No. of sha res Date of subscrip tion / purchase Face value 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 sharehol der) No. of shar es Sale considera tion No. of shar es Cost of acquisi tion 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 12AB  Yes  No D date of such fresh registration/provisional registration (DD/MM/YYYY) ____/____/________ (A25) Is this your first return  Yes  No (A26) Whether provisions of twenty second proviso to Section 10(23C) or Section 13(10) are applicable?  Yes  No If “Yes”, please furnish below information, whether: (a) Provisions of proviso to clause (15) of section 2 are applicable  Yes  No