9911796707
TMI BlogIncome-tax (Eleventh Amendment) Rules, 2022X X X X Extracts X X X X X X X X Extracts X X X X ..... ome-tax Rules, 1962 (hereinafter referred to as the principal rules), after rule 12AB, the following rule shall be inserted, namely,-- "12AC. Updated return of income.- (1) The return of income to be furnished by any person, eligible to file such return under the sub-section (8A) of section 139, relating to the assessment year commencing on the 1st day of April, 2020 and subsequent assessment years, shall be in the Form ITR-U and be verified in the manner indicated therein. (2) The return of income referred to in sub-rule (1) shall be furnished by a person, mentioned in column (2) of the Table below in the manner specified in column (3) thereof:-- TABLE Sl. No. Person Manner of furnishing return of income (1) (2) (3) 1. Indiv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... suring secure capture and transmission of data and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to furnishing the return in the manners specified in column (3) of the Table.'. 3. In the principal rules, in Appendix-II, after the ITR-Ack, the following Form ITR-U (ITR for updated return) shall be inserted, namely:- 'FORM ITR-U INDIAN INCOME TAX UPDATED RETURN [For persons to update income within twenty-four months from the end of the relevant assessment year] (Refer instructions for eligibility) (Please see rule 12AC of the Income-tax Rules, 1962) PART A GENERAL INFORMATION - 139(8A) (A1) PAN (A2) Name (A3) Aadhaar Number (12 digits)/Aadhaar Enrolment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed because of this updated return. (Please select from drop down menu) - Whether revised return has been filed for the AY in (b) above - Yes - No - Whether updated return has been filed for the AY in (b) above - Yes - No PART B - ATI COMPUTATION OF TOTAL UPDATED INCOME AND TAX PAYABLE 1. A Head of income under which additional income is being returned as per Updated Return Amount in Rs Head of income (If yes, Please specify additional income) a Income from Salary b Income from House Property c Income from Business or Profession d Income from Capital gains e Income from other Sources f Total additional income (a+b+c+d+e) B. Total income as per last valid return (only in cases where the Income Tax Return has previously b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... which has not been claimed in the earlier return (credit for the same is not to be allowed again under section 140B(2) ) ADVANCE/SELF ASSESSMENT/ REGULAR ASSESSMENT TAX Sl No BSR Code Date of Deposit (DD/MM/YYYY) Serial Number of Challan Amount (Rs) (1) (2) (3) (4) (5) i ii iii iv NOTE ► Credit for above is not to be allowed again under section 140B(2) 15. Relief u/s 89 which is not claimed in earlier return [relief for the same is not to be allowed under section 140B(2)] Rs. VERIFICATION I, son/ daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
