Income tax amendment: Rule 12 requires certain individuals/HUFs to file ITR 2A; agricultural income threshold set at Rs.5,000. The Income tax (8th Amendment) Rules, 2015 amend Rule 12 to (i) fix an agricultural income threshold of Rs. 5,000 in the proviso clauses of sub rule (1); (ii) insert clause (ba) requiring certain individuals and HUFs whose total income excludes business/profession and capital gains to file in Form ITR 2A and verify as indicated; (iii) revise sub rule (4) to confine filing modes to those set out in column (iv) of the Table in sub rule (3), excluding paper form; and (iv) update Appendix II to add Form ITR 2A. The changes are deemed effective from 1 April 2015.
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Income tax amendment: Rule 12 requires certain individuals/HUFs to file ITR 2A; agricultural income threshold set at Rs.5,000.
The Income tax (8th Amendment) Rules, 2015 amend Rule 12 to (i) fix an agricultural income threshold of Rs. 5,000 in the proviso clauses of sub rule (1); (ii) insert clause (ba) requiring certain individuals and HUFs whose total income excludes business/profession and capital gains to file in Form ITR 2A and verify as indicated; (iii) revise sub rule (4) to confine filing modes to those set out in column (iv) of the Table in sub rule (3), excluding paper form; and (iv) update Appendix II to add Form ITR 2A. The changes are deemed effective from 1 April 2015.
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