Income tax Rules amendment: substitution of SARAL II (ITR 1) and updated return forms, revising filing and verification rules. Amendment to the Income tax Rules substitutes references to Form No. ITR 1 with Form SARAL II (ITR 1) in Rule 12, revises year references in sub rules, and replaces Appendix II forms (ITR 2 through ITR 7 and ITR V) with updated return formats and instructions. The changes prescribe eligibility for using SARAL II (ITR 1) for certain individuals, update filing and verification procedures, and supply redesigned forms and schedules to govern computation, reporting, electronic transmission acknowledgement, and verification requirements for income tax returns.
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Income tax Rules amendment: substitution of SARAL II (ITR 1) and updated return forms, revising filing and verification rules.
Amendment to the Income tax Rules substitutes references to Form No. ITR 1 with Form SARAL II (ITR 1) in Rule 12, revises year references in sub rules, and replaces Appendix II forms (ITR 2 through ITR 7 and ITR V) with updated return formats and instructions. The changes prescribe eligibility for using SARAL II (ITR 1) for certain individuals, update filing and verification procedures, and supply redesigned forms and schedules to govern computation, reporting, electronic transmission acknowledgement, and verification requirements for income tax returns.
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