Central Board of Direct Taxes (CBDT) has notified vide Notification No. 19/2024-Income Tax | Dated : 31st January, 2024 the income tax return (ITR) forms, ITR-2, ITR-3 and ITR-5. ITR2 and 3 forms are to be used by many entities, including individuals, who have certain specific types of income for FY 2023-24 (AY 2024-25). ITR 5 is to be used by persons other than- (i) individual, (ii) HUF, (iii) company and (iv)  person filing Form ITR-7.

MINISTRY O F FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 19/2024-Income Tax | Dated : 31st January, 2024

G.S.R. 83(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 Income-tax Rules, 1962, namely:-

1. Short title and commencement.— (1) These rules may be called the Income-tax (Amendment) Rules, 2024.

(2) They shall come into force from the 1st day of April, 2024.

2. In the Income-tax Rules, 1962 (herein after referred to as the principal rules), in rule 12, in sub-rule (3), in the Table, for Sl. No. 1 and entries thereto, the following Sl. No. and entries shall be substituted, namely: —

“Sl.
No.
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; (A)  Electronically under digital signature; or

(B)  Transmitting the data electronically in the return under electronic verification code;

(b) Where total income assessable under the Act during the previous year of a person, being an individual of the age of eighty years or more at any time during the previous year, and who furnishes the return in Form number SAHAJ (ITR-1) or Form number SUGAM (ITR-4). (A)  Electronically under digital signature; or

(B)  Transmitting the data electronically in the return 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;

(c) In any other case (A)  Electronically under digital signature; or

(B)  Transmitting the data electronically in the return 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.”

CBDT Release ITR 2,3 & 5 for AY 2024-25 & amends Income Tax Rule 12

3. In the principal rules, in Appendix II,

(a) for FORM ITR-2, the following FORM shall be substituted, namely: –––

(b) for FORM ITR-3, the following FORM shall be substituted, namely: –––

(c) for FORM ITR-5, the following FORM shall be substituted, namely: –––

[Notification No. 19/2024/ F. No. 370142/47/2023-TPL]
SURBENDU THAKUR, Under Secy. Tax Policy and Legislation

Note:-The principal rules were published vide notification S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification GSR64(E), dated the 24th January 2024.

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