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of <h1>Amendments to Rule 12: Mandatory E-Filing for Audited Accounts, Updated ITR Forms, Flexible Options for Seniors.</h1> The recent amendments to Rule 12 of the Income Tax Rules 1962, effective from January 31, 2024, mandate electronic filing of income tax returns for individuals and Hindu Undivided Families whose accounts require auditing under section 44AB. These returns must be filed with a digital signature or through electronic verification. Individuals aged 80 and above have more flexible options, including filing in paper form. The amendments also update the forms for filing returns, specifically ITR-1, ITR-3, and ITR-5, aiming to enhance security and efficiency in the tax filing process while accommodating senior citizens.
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