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.” |
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.
