Income tax rules amended to update assessment year figures and substitute ITR 1 and ITR V with revised return forms. The notification, effective 1 April 2010, amends the Income tax Rules, 1962 by substituting figures in rule 12 ('2009' '2010' in sub rule (1); '2008' '2009' in sub rule (5)) and by replacing Forms ITR 1 and ITR V in Appendix II with revised formats (including SARAL II (ITR 1) and an updated ITR V verification/acknowledgement) for assessment year 2010 11.
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Income tax rules amended to update assessment year figures and substitute ITR 1 and ITR V with revised return forms.
The notification, effective 1 April 2010, amends the Income tax Rules, 1962 by substituting figures in rule 12 ("2009" "2010" in sub rule (1); "2008" "2009" in sub rule (5)) and by replacing Forms ITR 1 and ITR V in Appendix II with revised formats (including SARAL II (ITR 1) and an updated ITR V verification/acknowledgement) for assessment year 2010 11.
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