Income-tax (First Amendment) Rules, 2023

Last updated: 17 February 2023

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The Central Board of Direct Taxes has issued the Income-tax (First Amendment) Rules, 2023, which come into effect from 1st April 2023. These amendments update figures in rule 12 of the Income-tax Rules, 1962, changing references from '2022' to '2023' in one sub-rule and from '2021' to '2022' in another. Additionally, several Income Tax Return (ITR) forms, including ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V, and the Indian Income Tax Return Acknowledgement, are being substituted with new versions.

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

Notification No. 04/2023-Income Tax
New Delhi, the 10th February, 2023

G.S.R 91(E). - In exercise of the powers conferred by section 139 read with 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. Short title and commencement.— (1) These rules may be called the Income-tax (First Amendment) Rules, 2023.

(2) They shall come into force with effect from the 1st day of April, 2023.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12,-

(a) in sub-rule (1), in the opening portion, for the figures “2022”, the figures “2023” shall be substituted.

(b) in sub-rule (5), for the figures “2021”, the figures “2022” shall be substituted.

3. In the principal rules, in Appendix-II, for Forms ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V and Indian Income Tax Return Acknowledgement, the following Forms shall, respectively, be substituted, namely:—

Refer to the attached file for the full details.

FAQ :

These rules shall come into force with effect from the 1st day of April, 2023.

In sub-rule (1), the figures '2022' have been replaced with '2023'. In sub-rule (5), the figures '2021' have been replaced with '2022'.

The forms being substituted include ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V, and the Indian Income Tax Return Acknowledgement.

The Central Board of Direct Taxes (CBDT) issued these rules.

Notification No : 04/2023-Income Tax
Source : https://incometaxindia.gov.in/communications/notification/notification-4-2023.pdf

Attached File : 322600_11092_notification_4_2023.pdf

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