{"id":892,"date":"2021-04-02T10:28:37","date_gmt":"2021-04-02T10:28:37","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=892"},"modified":"2021-04-05T05:59:00","modified_gmt":"2021-04-05T05:59:00","slug":"insertion-to-rule-12-return-of-income-and-return-of-fringe-benefits-and-substitution-of-itr-forms-in-principal-rules-of-income-tax-rules1962","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/insertion-to-rule-12-return-of-income-and-return-of-fringe-benefits-and-substitution-of-itr-forms-in-principal-rules-of-income-tax-rules1962\/","title":{"rendered":"Insertion to rule 12 – Return of Income and return of fringe benefits and substitution of ITR forms in principal rules of Income tax rules,1962."},"content":{"rendered":"\n

New Delhi, the 31st March, 2021<\/p>\n\n\n\n

G.S.R. 242(E)<\/strong>.-In exercise of the powers conferred by section 139 read with 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 Incometax Rules, 1962, namely:-<\/p>\n\n\n\n

  1. 1.<\/strong> Short title and commencement<\/strong>.\u2014(1) These rules may be called the Income-tax (7th Amendment) Rules, 2021.
    1. (2) They shall come into force with effect from the 1st day of April, 2021.<\/li><\/ol><\/li>
    2. 2.<\/strong> In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12, in sub-rule (1), \u2013\u2013
      1. (a) in the opening portion, for the figure \u201c2020\u201d, the figure \u201c2021\u201d shall be substituted;<\/li>
      2. (b) in clause (a), in the proviso,\u2013\u2013
        1. (i) in sub-clause (v), the word \u201cor\u201d shall be omitted;<\/li>
        2. (ii) after sub-clause (vi), the following sub-clauses shall be inserted, namely:\u2013\u2013<\/li>
        3. \u201c(VII) is a person in whose case tax has been deducted under section 194N; or<\/li>
        4. (VIII) is a person in whose case payment or deduction of tax has been deferred under sub-section (2) of section 191 or sub-section (1C) of section 192;\u201d;<\/li><\/ol><\/li><\/ol><\/li>
        5. (c) in clause (ca), in the proviso, after sub-clause (V), the following sub-clause shall be inserted, namely:\u2014
          1. \u201c(VI) has income of the nature specified in clause (vi) of sub-section (2) of section 17 on which tax is payable or deductible, as the case may be, under sub-section (2) of section 191 or sub-section (1C) of section 192;.\u201d<\/li><\/ol><\/li><\/ol>\n\n\n\n

            3.<\/strong> In the principal rules, in Appendix-II, for Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V the following Forms shall, respectively, be substituted, namely:\u2014<\/p>\n\n\n\n

            To Read more :<\/strong>
            click below :<\/strong><\/p>\n\n\n\n

            https:\/\/www.dropbox.com\/s\/18cuckimcdd23ar\/notification_21_2021%2Cincometax.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

            New Delhi, the 31st March, 2021 G.S.R. 242(E).-In exercise of the powers conferred by section 139 read with 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 Incometax Rules, 1962, namely:- 1. Short title and commencement.\u2014(1) These rules may be […]<\/p>\n","protected":false},"author":1,"featured_media":349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,11],"tags":[75,76],"class_list":["post-892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax","category-notifications","tag-75","tag-incometax-notification"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=892"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/892\/revisions"}],"predecessor-version":[{"id":894,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/892\/revisions\/894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/349"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}