Income-tax (Seventh Amendment) Rules, 2012

Posted: 10/07/2012 in Income Tax, Notifications, Rules

Income-tax (Seventh Amendment) Rules, 2012 – Amendment in Rule 12 and Substitution of Forms ITR-5 and ITR-6

Notification No.25/2012 [F.No.142/31/2011 -TPL]/S.O. 1453(E), dated 02.07.2012.

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 (7th Amendment) Rules, 2012.

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

2. In the Income-tax Rules, 1962,-

(A) in rule 12,–

(i) in sub-rule (1),-

(a) in the proviso to clause (a), for the words “being an individual, who is a resident,” the following words, brackets and figures shall be substituted, namely:-

“who is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6”;

(b) in the proviso to clause (ca), for the words “being an individual or Hindu undivided family, who is a resident,” the following words, brackets and figures shall be substituted, namely:-

“who is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6”;

(ii) in sub-rule (3), in the proviso, in clause (aa) after the words “being a resident,” the words, brackets and figures “other than not ordinarily resident in India within the meaning of sub-section (6) of section 6” shall be inserted;

(B) in Appendix-II,

(i) for Forms ITR-5, the following shall be substituted, namely:-

(ii) for Form ITR-6, the following shall be substituted, namely:-

“Forms ITR-5 and ITR-6 have been separately attached”

Source: Income Tax Department- India.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s