4/20/2015 CBDTNotifiesITR1ITR2ITR4SITRVforA.Y.

201516withseveralChanges

taxguru.in http://taxguru.in/incometax/cbdtnotifiesitr1itr2itr4sitrvay201516.html

CBDTNotifiesITR1ITR2ITR4SITRVforA.Y.201516with
severalChanges
CBDThasnotifiedITR1,ITR2&ITR4SforAY201516andamendedRule12videNotificationNo.41/2015,
Dated15thdayofApril,2015.ForAY201516,ITR1,ITR2&ITR4Swherereturnedincomeisgreaterthan5
LakhsorwhereRefundisclaimed(exceptwherethepersonis80yearsormoreandfilingITR1or2)andITR
3,ITR4,ITR5,ITR6&ITR7aremandatorilyrequiredtobeeFiled.EVC(ElectronicVerificationCode)has
beenincludedasamodeforverificationofeFiledreturn.Departmentalutilitiesshallbemadeavailable
shortly.Notificationisasfollows:

INCOMETAXNotificationNo.41/2015,Dated15thdayofApril,2015

S.O.1014(E).Inexerciseofthepowersconferredbysection295oftheIncometaxAct,1961(43of1961),
theCentralBoardofDirectTaxesherebymakesthefollowingrulesfurthertoamendtheIncometaxRules,
1962,namely:

1.(1)TheserulesmaybecalledtheIncometax(SeventhAmendment)Rules,2015.

(2)Theyshallbedeemedtohavecomeintoforcewitheffectfromthe1stdayofApril,2015.

2.IntheIncometaxRules,1962,

(1)inrule12,

(a)insubrule(1),

(A)afterthewords,brackets,figureandlettersubsection(4D)thewords,brackets,figureandletterorsub
section(4E)shallbeinserted

(B)forthefigures2014,thefigures2015shallbesubstituted

(C)inclause(a),intheproviso,inclause(I),forsubclause(ii),thefollowingsubclausesshallbesubstituted,
namely:

(ii)signingauthorityinanyaccountlocatedoutsideIndiaor

(iii)incomefromanysourceoutsideIndia

(D)inclause(ca),intheproviso,inclause(I),forsubclause(ii)thefollowingsubclausesshallbesubstituted,
namely:

(ii)signingauthorityinanyaccountlocatedoutsideIndiaor

(iii)incomefromanysourceoutsideIndia

(E)inclause(g),afterthewords,brackets,figureandlettersubsection(4D)thewords,brackets,figure
andletterorsubsection(4E)shallbeinserted

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4/20/2015 CBDTNotifiesITR1ITR2ITR4SITRVforA.Y.201516withseveralChanges

(b)forsubrule(3),thefollowingsubruleshallbesubstituted,namely:

(3)Thereturnofincomereferredtoinsubrule(1)shallbefurnishedbyapersonmentionedincolumn(ii)of
theTablebelowtowhomtheconditionsspecifiedincolumn(iii)apply,inthemannerspecifiedincolumn(iv)
thereof:

Table

Sl. Person Condition Manner of furnishing

returnofincome

(i) (ii) (iii) (iv)

1 Individual or IndividualorHinduundividedfamily Electronically under digital

Hindu signature
undivided
family

(b) Where (a) is not applicableand,(I) the return is (A) Electronically under
furnishedinFormNo.ITR3orFormNo.ITR4or(II)the digital signature or(B)
person,beingaresident,otherthannotordinarilyresident Transmitting the data in
within the meaning of subsection (6) of section 6, has, the return electronically
(A) assets (including financial interest in any entity) under electronic
located outside India or (B) signing authority in any verification code or(C)
account located outside India or (C) income from any Transmitting the data in
sourceoutsideIndia(III) anyrelief,inrespect oftaxpaid the return electronically
outsideIndia,undersection90or90Aordeductionoftax and thereafter submitting
undersection91isclaimedor the verification of the
returninFormITRV.
(IV) anyreport of audit referredto in provisoto subrule
(2)isrequiredtobefurnishedelectronicallyor

(V) total incomeassessable under the Act during the

previousyearoftheperson(otherthantheperson,being
anindividual ofthe ageof80 yearsor moreat anytime
duringthepreviousyearandfurnishingthereturninForm
ITR1orITR2),

(i)exceedsfivelakhrupeesor

(ii)anyrefundisclaimedinthereturnofincome

(c)Inanyothercase. (A) Electronically under

digital signature or(B)
Transmitting the data in
the return electronically

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4/20/2015 CBDTNotifiesITR1ITR2ITR4SITRVforA.Y.201516withseveralChanges

under electronic
verification code or(C)
Transmitting the data in
the return electronically
and thereafter submitting
the verification of the
returninFormITRVor

(D)Paperform

2 Company Inallcases. Electronically under digital

signature.

3 A person (a)Incaseofapoliticalparty Electronically under digital

required to signature.
furnish the
return in
FormITR7

(b)Inanyothercase (A) Electronically under

digital signature or(B)
Transmitting the data in
the return electronically
under electronic
verification code or(C)
Transmitting the data in
the return electronically
and thereafter submitting
the verification of the
returninFormITRV.

4 Firm or (a) Accounts are required to be audited under section Electronically under digital
limitedliability 44ABoftheAct signature
partnershipor
any person (b)Inanyothercase. (A) Electronically under
(other than a digitalsignatureor
person (B) Transmitting the data
mentioned in in the return electronically
Sl. 1 to 3 under electronic
above)whois verificationcodeor
required to (C) Transmitting the data
file return in in the return electronically
FormITR5 and thereafter submitting
the verification of the
returninFormITRV.

Explanation.Forthe purposesofthissubrule electronicverificationcode meansacodegenerated forthe

purpose of electronicverification of the personfurnishing the return ofincome as per thedata structure and
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4/20/2015 CBDTNotifiesITR1ITR2ITR4SITRVforA.Y.201516withseveralChanges

standards specifiedby Principal DirectorGeneral of Incometax (Systems)or Director Generalof Incometax

(Systems).

(d)insubrule(4),forthewordsandbrackets,DirectorGeneralofIncometax(Systems),thewordsand
bracketsPrincipalDirectorGeneralofIncometax(Systems)orDirectorGeneralofIncometax(Systems)shall
besubstituted

(e)insubrule(5),forthefigures2013,thefigures2014shallbesubstituted.

(2)inAppendixII,forFormsSAHAJ(ITR1),ITR2,SUGAM(ITR4S)andITRVtheFormsSAHAJ(ITR1),
ITR2,SUGAM(ITR4S)andITRVshallrespectively,besubstituted,namely:

[NotificationNo.41/2015/F.No.142/1/2015TPL]

(GauravKanaujia)

DirectortotheGovernmentofIndia

Note.TheprincipalruleswerepublishedintheGazetteofIndia,Extraordinary,PartII,Section3,Subsection
(ii)videnotificationnumberS.O.969(E),datedthe26thMarch,1962andlastamendedbyIncometax(Sixth
Amendment)Rules,2015videnotificationnumberS.O.No.1002(E)dated13thApril,2015.

Tags:IncomeTaxNotifications,ITR,itr1,itr2,ITR4

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