Audit Companion

Supports all your audit needs

Thursday, 31 March 2016

New Income Tax Forms / Returns AY 2016-17

2 comments :

 Great work done by Government of India (Ministry of finance) in bring IT returns / forms for the Financial Year ended 31st March, 2016, by the end of the Financial Year 2015-16.    


 Below mentioned is the Notification Issued by the Ministry of Finance.



For PDF Forms Click Here

For Excel / Java Utility of ITRs Check Here

This assessment year the Income tax Department is much Advance in providing the facility to file Income tax Returns on time. It made available both Excel and Java Utility to General Public earlier as compared to previous assessment year. For more information on ITR Follow us Audit Companion

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]

NOTIFICATION

New Delhi, the 30th day of March, 2016

Income-tax

S.O. 1262(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 (9th Amendment) Rules, 2016.
(2) They shall come into force with effect from the 1st day of April, 2016.

2. In the Income-tax rules, 1962, −
(1) In rule 12, −
(a) In sub-rule (1),-
(A) After the word, brackets, figure and letter “sub-section (4E)”, the words, brackets, figure and letter “or sub-section (4F)” shall be inserted;
(B) For the figures “2015”, the figures “2016” shall be substituted;
(C) In clause (ca), after the words “Hindu undivided family”, the words “or a firm, other than a limited liability partnership firm,” shall be inserted;
(D) In clause (g), after the word, brackets, figure and letter “sub-section (4E)”, the words, brackets, figure and letter “or sub-section (4F)” shall be inserted;
(b) In sub-rule (5), for the figures “2014”, the figures “2015” shall be substituted.
(2) In Appendix-II, for “Forms Sahaj (ITR-1), ITR-2, ITR-2A, ITR-3, Sugam (ITR-4S), ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V”, the following forms shall respectively be substituted, namely:-

[Notification No. 24/2016/ F.No.370142/2/2016-TPL]
(Ekta Jain)
Deputy Secretary to the Government of India


Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O.969(E), dated the 26th March, 1962 and last amended by the Income-tax (8th Amendment) Rules, 2016, vide notification number S.O. No.1206(E), dated 23rd March, 2016.

Original Source of Income tax Forms and for Online Filing of ITR is from Income Tax Department Site- incometaxindiaefiling.gov.in