CBDT makes e-filing of certain reports mandatory and prescribes new return forms
CBDT has amended the Income Tax Rules to prescribe new return forms and to make e-filing mandatory for certain reports.
As per the Proviso to Rule 12(2) of the Income Tax Rules,
Provided that where an assessee is required to furnish a report of audit specified under sub-clauses (iv), (v), (vi) or (via) of clause (23C) of section 10, section 10A, clause (b) of sub-section (1) of section 12A, section 44AB, section 80-IA, section 80-IB, section 80-IC, section 80-ID, section 80JJAA, section 80LA, section 92E or section 115JB 37[or to give a notice under clause (a) of sub-section (2) of section 11] of the Act, he shall furnish the same electronically .
Now the following sections are added in the above proviso:
10AA: Special provisions in respect of newly established Units in Special Economic Zones
44DA: Special provision for computing income by way of royalties, etc., in case of non- residents.
50B: Special provision for computation of capital gains in case of slump sale
115VW: Maintenance and audit of accounts.
The Following new Forms have been prescribed:
Form No. | Heading |
|---|---|
ITR-3 | For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship |
ITR-4 | For individuals and HUFs having income from a proprietary business or profession |
ITR-5 | For firms, AOPs and BOIs |
ITR-6 | For Companies other than companies claiming exemption under section 11 |
ITR-7 | For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) |
It may be recalled that the Board had earlier by Notification No. 24/2014 dated 01.04.2014 notified the Forms SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) and ITR-V.
CBDT Notification No. 28/2014, Dated: May 30, 2014