CENTRAL BOARD OF DIRECT TAXES VIDE NOTIFICATION No. 34 /2013/ F.No.142/5/2013-TPL DATED 1ST MAY 2013 HAS NOTIFIED INCOME TAX RETURN FORMS FOR ASSESSMENT YEAR 2013-14
In
exercise of the powers conferred by 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.
(1) These rules may be called the Income-tax (3rd Amendment) Rules, 2013.
(2)
They shall be deemed to have come into force with effect from the 1st day of April,
2013.
2.
In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in
rule 12,─
(a)
in sub-rule (1),-
(A) for the figures “2012”, the figures
“2013” shall be substituted;
(B)
in item (a),─
(i)
in sub-item (iii), after the words “income from race horses”, the words “and
does not have any loss under the head” shall be inserted;
(ii)
for the proviso, the following proviso shall be substituted, namely:-
“Provided
that the provisions of this clause shall not apply to a person who,-
(I)
is a resident, other than not ordinarily resident in India within the meaning
of sub-section (6) of section 6 and has,─
(i)
assets (including financial interest in any entity) located outside India; or
(ii)
signing authority in any account located outside India;
(II)
has claimed any relief of tax under sections 90 or 90A or deduction of tax
under section 91; or
(III)
has income not chargeable to tax, exceeding five thousand rupees.”;
(C)
in clause (ca), for the proviso, the following proviso shall be substituted,
namely:-
“Provided
that the provisions of this clause shall not apply to a person who,-
(I)
is a resident, other than not ordinarily resident in India within the meaning
of sub-section (6) of section 6 and has,─
(i)
assets (including financial interest in any entity) located outside India; or
(ii)
signing authority in any account located outside India;
(II)
has claimed any relief of tax under sections 90 or 90A or deduction of tax
under section 91; or
(III)
has income not chargeable to tax, exceeding five thousand rupees.”;
(b)
in sub-rule(2), the following proviso shall be inserted, namely:-
“Provided
that where an assessee is required to furnish a report of audit under sections
44AB, 92E or 115JB of the Act, he shall furnish the same electronically.”;
(c)
in sub-rule (3), in the proviso,-
(A)
in clause (a),─
(i) for the words “an individual or a
hindu undivided family”, the words “a person, other than a company and a person
required to furnish the return in Form ITR-7” shall be substituted;
(ii) for the words “ten lakh rupees” the
words “five lakh rupees” shall be substituted;
(iii)
for the figures “2012-13”, the figures “2013-14” shall be substituted;
(B)
after clause (aaa), the following clause shall be inserted, namely:-
“(aab)
a person claiming any relief of tax under section 90 or 90A or deduction of tax
under section 91 of the Act, shall furnish the return for assessment year
2013-14 and subsequent assessment years in the manner specified in clause (ii)
or clause (iii);”
(C)
in clause (b), after the words, brackets and figure “in clause (i)”, the words,
brackets and figures “or clause (ii) or clause (iii)” shall be inserted.
(d)
in sub-rule 4, after the words, brackets and figures “of sub-rule(3)”, the
words and figures “and the report of audit in the manner specified in proviso
to sub-rule (2)” shall be inserted.
(e)
in sub-rule (5), for the figures “2011”, the figures “2012” shall be
substituted.
3.
In the said rules, in Appendix-II, for “Forms SAHAJ (ITR-1), ITR-2, ITR-3,
SUGAM (ITR-4S), ITR-4 and ITR-V”, the “Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM
(ITR-4S), ITR-4 and ITR-V” shall be substituted.
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