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MINISTRY OF FINANCE
(Department Of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 05/2023-Income Tax
New Delhi, the 14th February, 2023
G.S.R 95(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 (Second Amendment) Rules, 2023.
(2) They shall come into force with effect from 1st day of April, 2023.
2. In the Income-tax Rules, 1962, in Appendix-II, for Form ITR-7, the following Form shall be substituted, namely:—
Refer to the attached file for details.
FAQ :
These are new rules made by the Central Board of Direct Taxes to further amend the Income-tax Rules, 1962.
The Income-tax (Second Amendment) Rules, 2023, come into force with effect from 1st April 2023.
The rules substitute Form ITR-7 in Appendix-II of the Income-tax Rules, 1962, with a new form.
The power to make these rules is conferred by section 139 read with section 295 of the Income-tax Act, 1961.
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Source : https://incometaxindia.gov.in/communications/notification/notification-5-2023.pdf