Amendment in Form ITR-7[Appendix II] - Income-tax (Twenty-Seventh Amendment) Rules, 2023 - 94/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 94/2023 New Delhi, the 31st October, 2023 G.S.R. 813 (E). In exercise of the powers 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 (Twenty-Seventh Amendment) Rules, 2023. (2) They shall be deemed to have come into force from 1st day of April, 2023. 2 . In the Income-tax Rules, 1962 , in Appendix II , in Form ITR-7 , in PART-B for the assessment year commencing on the 1st day of April, 2023- (a) in Part B TI, the Part B1, for serial number 16 and entries relating thereto, the following serial number and entries thereto shall be substituted, namely: 16 Specified income chargeable u/s 115BBI, included in 13, to be taxed @ 30% ( Sl. No 7 of Schedule 115BBI ) 16 17 Aggregate income to be taxed at normal rates (13-14-15-16) (including income other than specified income under section 115BBI) 17 ; (b) in Part B TTI, against serial number 1, for item a and entries relating thereto, the following item and entried thereto, shall be substituted, namely: a Tax at normal rates on [Sl. No. 17 of Part B1 of Part B-TI] OR [Sl. No. (13-14) of Part B2 of Part B-TI] OR [Sl. No. 13 of Part B3 of Part B-TI] 1a . [F. No. 370142/2/2023-TPL-Part (1)] SURBENDU THAKUR, Under Secy.