Income-tax (4th Amendment) Rules, 2014 - 24/2014 - Income Tax

[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 NO. 24/2014, NEW DELHI Dated: April 1, 2014 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 2013 , the figures 2014 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), after the words, report of audit , the words or notice shall be inserted; (e) in sub-rule (5), for the figures 2012 , the figures 2013 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:- Forms SAHAJ (ITR-1) , ITR-2 , SUGAM (ITR-4S) and ITR-V [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.