Notification No. 24/2014 [F.No.142/2/2014-TPL] / SO 997(E)

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 1st day of April, 2014 Income-tax S.O.997(E) . In exercise of the powers conferred by 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. (1) These rules may be called the Income-tax (4th Amendment) Rules, 2014.

(2) They shall come into force with effect from the 1st day of April, 2014.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 12,

(a) in sub-rule (1), for the figures “201 3 ”, the figures “201 4 ” shall be substituted;

(b) in sub-rule(2), in the proviso after the words and figures “ section 115JB ” the words “ or to give a notice under clause

(a) of sub-section

(2) of section 11 ” shall be inserted ;

(c) in sub-rule (3), in the first proviso,- (A) after clause (aab), the following clause shall be inserted, namely:- “(aac) a person required to furnish the return in Form ITR-5, other than a firm to which clause (aaa) is applicable, shall furnish the return for the assessment year

2014-15 and subsequent assessment years in the manner specified in clause

(ii) or clause (iii); ” ; (B) for clause (b), the following clause shall be substituted, namely:- “(b) a person required to furnish the return in Form ITR-7 shall furnish the return for assessment year 2014-15 and subsequent assessment years,- (A) in case it is furnished under sub-section (4B) of section 139, in the manner specified in clause (ii); (B) in other cases, in the manner specified in clause

(i) or clause

(ii) or clause (iii): ” ;

(d) in sub-rule (4), af ter the words, “ report of audit ”, the words “ or notice ” shall be inserted ;

(e) in sub- rule (5), for the figures “20 12 ”, the figures “201 3 ” shall be substituted.

3. In the said rules, in Appendix-II, for “ Forms SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) and ITR- V” the “Forms SAHAJ (ITR -1), ITR-2, SUGAM (ITR-4S) and ITR- V” shall be respectively substituted as follows:-

[Notification No. 24/2014/ F.No.142/2/2014-TPL] (Gaurav Kanaujia) Director to the Government of India Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section

(ii) vide notification number S.O.969(E), dated the 26th March, 1962 and last amended by Income-tax (3rd Amendment) Rules, 2014 vide notification S.O. No. 878 (E) dated 21 March, 2014.