Income Tax (Sixth Amendment) Rules, 2011.

Posted: 24/07/2011 in General, Income Tax

The Central Board of Direct Taxes has said vide its Notification No. 37/2011 [F. NO. 149/68/2011-SO (TPL)], Dated 1-7-2011 to file ITR-5 or ITR-4 electronically using digital signature for Firms and Individuals or Hindu Undivided Family covered under section 44AB.

Income-Tax (Sixth Amendment) Rules, 2011 – Amendment in Rule 12

Notification No. 37/2011 [F. NO. 149/68/2011-SO (TPL)], Dated 01-07-2011

In exercise of the powers conferred by section 295, read with section 139 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 (Sixth Amendment) Rules, 2011.

(2) They shall come into force from the date of its publication in the Official Gazette.

2. In the Income-tax Rules, 1962 in rule 12, in sub-rule (3), in the proviso, for clauses (a) and (aa) the following clause shall be substituted, namely :—

“(a) a firm required to furnish the return in Form ITR-5 or an individual or Hindu Undivided Family (HUF) required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable, shall furnish the return for assessment year 2011-12 and subsequent assessment years in the manner specified in clause (ii);”

Source: Income Tax

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