Income-tax Rules, 1962 - Several Changes

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..... with effect from the 1st day of April, 2015. 2. In the Income-tax Rules, 1962,─ (1) in rule 12,─ (a) in sub-rule (1),- (A) after the words, brackets, figure and letter "sub-section (4D)" the words, brackets, figure and letter "or sub-section (4E)" shall be inserted; (B) for the figures "2014", the figures "2015" shall be substituted; (C) in clause (a), in the proviso, in clause (I), for sub-clause (ii), the following sub clauses shall be substituted, namely:- "(ii) signing authority in any account located outside India; or (iii) income from any source outside India;"; (D) in clause (ca), in the proviso, in clause (I), for sub-clause (ii) the following sub clauses shall be substituted, namely:- "(ii) signing aut .....

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..... er the Act during the previous year of the person (other than the person, being an individual of the age of 80 years or more at any time during the previous year and furnishing the return in Form ITR-1 or ITR-2),- (i) exceeds five lakh rupees; or (ii) any refund is claimed in the return of income; (A) Electronically under digital signature; or (B) Transmitting the data in the return electronically under electronic verification code; or (C) Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V. (c) In any other case. (A) Electronically under digital signature; or (B) Transmitting the data in the return electronically under electronic verification code; or (C) Transm .....

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..... tor General of Income-tax (Systems).' (d) in sub-rule (4), for the words and brackets, "Director-General of Income-tax (Systems)", the words and brackets "Principal Director-General of Income-tax (Systems) or Director-General of Income-tax (Systems)" shall be substituted; (e) in sub-rule (5), for the figures "2013", the figures "2014" shall be substituted. (2) 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 respectively, be substituted, namely:- [F.No.142/1/2015-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 n .....

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