CBDT Notified New Income Tax Return Forms for A Y 2016-17

CBDT vide its Notification No. 24/2016 dated 30-03-2016 (F.No.370142/2/2016-TPL) as notified new Income Tax Return Forms for Filing Income Tax Return for A Y 2016-17. These form are available for download from CBDT website www.incometaxindia.gov.in as under:

New post : E-filing of Income Tax Returns for AY 2016-17 has Started

Assessment Year

ITR Forms

(View/Download)

Remarks

A Y 2016-17

Form Sahaj (ITR-I)

For Individuals having Income from Salaries, One house property, Other sources (Interest etc.) Refer to Instructions for eligibility

A Y 2016-17

ITR-2

For Individuals and HUFs not having Income from Business or Profession

A Y 2016-17

ITR-2A

For Individuals and HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets

A Y 2016-17

ITR-3

For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship

A Y 2016-17

ITR-4

For individuals and HUFs having income from a proprietary business or profession

A Y 2016-17

Sugam (ITR-4S)

Presumptive business income tax return

A Y 2016-17

ITR-5

For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7

A Y 2016-17

ITR-6

For Companies other than companies claiming exemption under section 11

A Y 2016-17

ITR-7

For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

A Y 2016-17

ITR-V

Acknowledgement of Filing Return with Income Tax Department

It may be noted that Individuals and HUFs with income above a specified limit, filing returns in ITR-3 and ITR-4 are already required to furnish information of their assets and liabilities in their annual return of income. With Assessment Year 2016-17, individuals and HUFs filing their returns of income in ITR-1, ITR-2, ITR-2A and ITR-4S, having income exceeding Rs.50 lakh will now be required to furnish information regarding assets and liabilities in Schedule-AL of the relevant ITR form.


[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]
NEW DELHI

NOTIFICATION 24/2016, Dated: March 30, 2016

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:-

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.

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