Income-tax (Seventh Amendment) Rules, 2010 - 49/2010 - Income Tax

Income-tax (Seventh Amendment) Rules, 2010 Notification No. 49/2010 Dated: 9-7-2010 S.O. 1638(E).- In exercise of the powers conferred by section 295 read with section 139 of 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) These rules may be called the Income-tax (7th Amendment) Rules, 2010 . (2) They shall come into force from the date of their publication in the Official Gazette. In the Income-tax Rules 1962 , in rule 12 , in sub-rule (3), in the proviso, for clause (a), the following clauses shall be substituted, namely:- "(a) a firm required to furnish the return in Form ITR-5 and to whom provisions of section 44AB are applicable shall furnish the return in the manner specified in clause (ii) or clause (iii); (aa) an individual or HUF required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable shall furnish the return for Assessment Year 2010-11 and subsequent Assessment Years in the manner specified in clause (ii) or clause (iii); (ab) a company required to furnish the return in Form ITR-6 shall furnish the return for Assessment Year 2010-11 and subsequent Assessment Years in the manner specified in clause (ii)' [F.No.142/15/2010-TPL]