New Income Tax Return Forms for Assessment Year 2010-11.

CBDT notifies New Income Tax Return Forms for the Assessment Year 2010-11

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

Notification

New Delhi, the 11th May, 2010

Income-tax

S.O. 1056(E).- In exercise of the powers conferred by section 295 of
the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct
Taxes hereby makes the following rules further to amend the Income-
tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (Fourth Amendment)
Rules, 2010.
(2) They shall come into force on the 1st day of April, 2010.

2. In the Income-tax Rules, 1962, –

(a) in rule 12, –

(i) for the words and figures “Form No. ITR-1”, at both the places
where they occur, the words and figures “Form SARAL-II (ITR-1)”, shall be substituted;

(ii) in sub-rule (1), –

(a) for the figures “2009”, the figures “2010” shall be
substituted; (b) for clause (a), the following clause shall be substituted, namely:-

“(a) in the case of a person being an individual where the total
income includes income chargeable to income tax, under the
head,-

(i) “Salaries” or income in the nature of family pension as
defined in the Explanation to clause (iia) of section 57;
or

(ii) “Income from house property”, where assessee does
not own more than one house property and does not
have any brought forward loss under the head; or

(iii) “Income from other sources”, except winnings from
lottery or income from race horses,
be in Form SARAL-II (ITR-I) and be verified in the manner
indicated therein;”

(iii) in sub-rule (5), for the figures “2008”, the figures “2009”
shall be substituted;

(b) in Appendix-II, for Forms ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7
and ITR-V, the following forms shall be substituted, namely:-

( Alka Gautam)
Under Secretary to the Government of India

F.No.142/12/2010-SO(TPL)
From pre-page

Subject:- Notification of Forms ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7
and ITR-V – reg.

Draft Notification of Forms ITR-2, ITR-3, ITR-4, ITR-5, ITR-6,
ITR-7 and ITR-V, is placed below for vetting by the Legislative Wing of
Ministry of Law and Justice.

( Alka Gautam )
Under Secretary (TPL-IV)
29.4.2010

Director (TPL-IV)

M/o Law & Justice, Legislative Department
F.No.142/28/2009-SO(TPL)
From pre-page

Subject:- Introduction of SARAL-II Form (ITR-1) – Regarding.

Draft Notification for approved by the Finance Minister is placed
below for vetting by the Legislative Wing of Ministry of Law and Justice.

( Pawan K. Kumar )
Director (TPL-IV)