Case law › Notifications › 2024 › Notification No. 22/2024 [F. No. 370142/47/2023-TPL] / GSR 120(E)

Notification 21 February 2024

Notification No. 22/2024 [F. No. 370142/47/2023-TPL] / GSR 120(E)

Ministry of Finance

What this is

Notification No. 22/2024 [F. No. 370142/47/2023-TPL] / GSR 120(E) was published on 21 February 2024. Its subject is Ministry of Finance.

This amends the Income-tax Rules. What it changes is the Rules, not the Act — and a rule can never take away what the section gives.

What it does

A corrigendum to the notification published vide G.S.R. 83(E) dated 31 January 2024. It corrects the short title of those rules from "Income-tax (Amendment) Rules, 2024" to "Income-tax (Second Amendment) Rules, 2024"; inserts a new column "Amount (Rs.)" in Schedule 80DD of Form ITR-2 and in Schedules 80DD and 80U of Form ITR-3, substituting those schedules accordingly; and corrects two cross-references in Schedule CG of Form ITR-5, adding section 54D to the list "54EC/54G/54GA" in row B sub-row (1) item (d), and removing section 54GB from the list "54D/54G/54GA/54GB" in the table below item (a) of row B sub-row (10).

Who it reaches

Individuals and Hindu undivided families filing Form ITR-2 or Form ITR-3 with a deduction under section 80DD or 80U
Firms, LLPs and other assessees filing Form ITR-5 with capital gains
Return preparation utility and software developers
Chartered accountants preparing these returns

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.3	s.3

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
CORRIGENDUM
New Delhi the 21st February, 2024

INCOME-TAX
G.S.R. 120(E).— In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), published in the Gazette of India, Extraordinary, Part II, Section 3, subsection (i), vide number G.S.R. 83(E), dated 31st January, 2024:––

(i) at page number 148, in item 1, for the bracket, figures and words "(1) These rules may be called the Income-tax (Amendment) Rules, 2024.", the bracket, figures and words "(1) These rules may be called the Income-tax (Second Amendment) Rules, 2024." shall be substituted;

(ii) at page number 171, in Form ITR-2, in Schedule 80DD, a new column, "Amount (Rs.)" shall be inserted and accordingly, for the Schedule 80DD, the following schedule shall be substituted.

(iii) at page number 229, in Form ITR-3, in Schedule 80DD, a new column, "Amount (Rs.)" shall be inserted and accordingly, for the Schedule 80DD, the following schedule shall be substituted.

(iv) at page number 230, in Form ITR-3, in Schedule 80U, a new column, "Amount (Rs.)" shall be inserted and accordingly, for the Schedule 80U, the following schedule shall be substituted.

(v) at page number 271, in Form ITR-5, in schedule CG, in row B, in sub-row (1), in item (d), for the figures, letters and symbols "54EC/54G/54GA", the figures, letters and symbols "54D/54EC/54G/54GA" shall be substituted;

(vi) at page number 274, in Form ITR-5, in Schedule CG, in row B, in sub-row (10), in the table below item (a), in row (ii), for the figures, letters and symbols "54D/54G/54GA/54GB", the figures, letters and symbols "54D/54G/54GA" shall be substituted.

[Notification No. 22/2024 F. No. 370142/47/2023-TPL]
PANKAJ JINDAL, Jt. Secy.

What it changes

The rule numbers are the 1962 Rules’ own, as the notification names them. The right-hand column is the department’s own mapping into the Income-tax Rules, 2026, which renumbered nearly everything.

Forms it touches. Form No. ITR-2, Form No. ITR-3, Form No. ITR-5

From when

21 February 2024.

What to watch

The corrigendum is dated 21 February 2024 and states no separate commencement date; it corrects the parent notification of 31 January 2024 as published.
The substituted Schedules 80DD and 80U are not reproduced in this extract, which stops at the direction to substitute them, so the corrected schedules must be read from the gazette itself.
The capital gains corrections change which sections may be claimed in the two rows of Schedule CG in Form ITR-5, one adding section 54D and the other dropping section 54GB.
The change of short title matters for citing the amendment sequence of 2024.

Where you meet it

In filling Schedule 80DD or 80U of Form ITR-2 and Form ITR-3, and Schedule CG of Form ITR-5, for the assessment year to which the parent notification applies.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 94/2026 [F. No. 370142/24/2026-TPL] / G.S.R. 646(E) : Income-tax (Second Amendment) Rules, 2026 : Amendment of rule 157 of the Income tax Rules, 2026 to align the definition of the specified fund with rule 114AAB of the Income tax Rules, 1962 — Ministry of Finance 21 July 2026
Notification No. 64 — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 7 16 April 2026
Notification No. 63/2026 [F. No. 370142/13/2026-TPL]/ GSR 268(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)] 10 April 2026
Notification No. 62/2026 [F. No. 370142/10/2026-TPL]/ GSR 267(E) — Ministry of Finance 10 April 2026
Notification No. 61/2026 [F. No. 370142/9/2026-TPL] / GSR 266(E) — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 10 April 2026
Notification No. 60/2026 [F. No. 370142/8/2026-TPL]/ GSR 265(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)] 10 April 2026

← Notification No. 23/2024 [F. No. 203/24/2023/ITA-II] / SO 859(E) · Notification No. 21/2024 [F. No. 503/06/2012-FTD.II] / SO 566(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.