Income-tax amendment updates rule 12 provisos and substitutes ITR forms, effective on Gazette publication from 2020. Notification under section 139 read with section 295 enacts the Income tax (12th Amendment) Rules, 2020 effective from Gazette publication. It amends rule 12(1) by inserting 'or' at the end of item (V) and omitting items (VII) and (VIII) in clause (a) proviso, and omits item (VI) in clause (ca) proviso. It also substitutes the set of prescribed ITR Forms in Appendix II with updated Forms, thereby revising the prescribed return and verification forms under the Income tax Rules, 1962.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Income-tax amendment updates rule 12 provisos and substitutes ITR forms, effective on Gazette publication from 2020.
Notification under section 139 read with section 295 enacts the Income tax (12th Amendment) Rules, 2020 effective from Gazette publication. It amends rule 12(1) by inserting "or" at the end of item (V) and omitting items (VII) and (VIII) in clause (a) proviso, and omits item (VI) in clause (ca) proviso. It also substitutes the set of prescribed ITR Forms in Appendix II with updated Forms, thereby revising the prescribed return and verification forms under the Income tax Rules, 1962.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
