Income-tax (7th Amendment) Rules, 2021 - Amends Rule 12 - Return of income - Prescribes new ITR forms for the AY 2021-22 onwards - 21/2021 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 21/2021 New Delhi, the 31st March, 2021 G.S.R. 242(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 (7th Amendment) Rules, 2021. (2) They shall come into force with effect from the 1st day of April, 2021. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12, in sub-rule (1) , (a) in the opening portion, for the figure 2020 , the figure 2021 shall be substituted; (b) in clause (a), in the proviso, (i) in sub-clause (v), the word or shall be omitted; (ii) after sub-clause (vi), the following sub-clauses shall be inserted, namely: (VII) is a person in whose case tax has been deducted under section 194N; or (VIII) is a person in whose case payment or deduction of tax has been deferred under sub-section (2) of section 191 or sub-section (1C) of section 192; ; (c) in clause (ca), in the proviso, after sub-clause (V), the following sub-clause shall be inserted, namely:- (VI) has income of the nature specified in clause (vi) of sub-section (2) of section 17 on which tax is payable or deductible, as the case may be, under sub-section (2) of section 191 or sub-section (1C) of section 192;. 3. In the principal rules , in Appendix-II , for Forms SAHAJ ITR-1 , ITR-2, ITR-3 , SUGAM ITR-4 , ITR-5 , ITR-6, ITR-7 and ITR-V the following Forms shall, respectively, be substituted, namely:- F.No. 370142/5/2021-TPL] SHEFALI SINGH, Under Secy., Tax Policy and Legislation Note: - The principal rules were published vide notification S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification GSR 212(E), dated the 26th March, 2021.