[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]
NOTIFICATION
New Delhi, the 15th day of April, 2015
Income-tax
S.O. 1014 (E).─ 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 (Seventh Amendment) Rules, 2015.
(2) They shall be deemed to have come into force 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 authority in any account located outside India; or
(iii) income from any source outside India;”;
(E)
in clause (g), 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 sub-rule(3), the following sub-rule shall be substituted, namely:-
‘(3) The return of income referred to in sub-rule (1) shall be furnished by a person mentioned
in column (ii) of the Table below to whom the conditions specified in column (iii) apply, in
the manner specified in column (iv) thereof:-
Table
Sl.
Person
Condition
Manner of furnishing return
of income
(i)
(ii)
(iii)
(iv)
1
Individual
or
Hindu
undivided
family
(a) Accounts are required to be audited
under section 44AB of the Act;
Electronically under digital
signature
(b) Where (a) is not applicable and,-
(I) the return is furnished in Form
No. ITR-3 or Form No. ITR-4; or
(II) the person, being a resident, other
than
not
ordinarily
resident
within the meaning of sub-
section (6) of section 6, has, (A)
assets
(including
financial
interest in any entity) located
outside India; or (B) signing
authority in any account located
outside India; or (C) income
from any source outside India;
(III) any relief, in respect of tax paid
outside India, under section 90 or
90A or deduction of tax under
section 91 is claimed; or
(IV) any report of audit referred to in
(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.
proviso to sub-rule (2) is required
to be furnished electronically; or
(V) total income assessable under 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;
(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)
Transmitting the data
in the return electronically
and thereafter submitting the
verification of the return in
Form ITR-V; or
(D)
Paper form;
2
Company
In all cases.
Electronically under digital
signature.
3
A
person
required to
furnish the
return
in
Form ITR-7
(a) In case of a political party;
Electronically under digital
signature;
(b) In any other case
(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.
4
Firm
or
limited
liability
partnership
or
any
person
(other than a
person
mentioned
in Sl. 1 to 3
above) who
is
required
to file return
in
Form
ITR-5
(a) Accounts are required to be audited
under section 44AB of the Act;
Electronically under digital
signature;
(b) In any other case.
(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.
Explanation.- For the purposes of this sub-rule “electronic verification code” means a code
generated for the purpose of electronic verification of the person furnishing the return of
income as per the data structure and standards specified by Principal Director General of
Income-tax (Systems) or Director 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:-
[Notification No. 41/2015/ 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 notification number S.O.969(E), dated the 26th March, 1962 and last amended
by Income-tax (Sixth Amendment) Rules, 2015 vide notification number S.O. No. 1002(E) dated
13th April, 2015.
