Income Tax

Enhancements:

• A.Y. 2010-11 Paper return for ITR 2 to ITR 7 is enabled (ITR Format is provided as per previous A.Y. 2009-10 according to Amended Rule 12(1))

Note:
Amendment to Rule 12
S.O. 943 (E).- In exercise of the powers conferred by section 295 of the Income-tax Act, dated 23/04/2010
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 (Third 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) in sub-rule (1), for the figures “2009”, the figures “2010” shall be substituted;
(ii) in sub-rule (5), for the figures “2008”, the figures “2009” shall be substituted;
   (b) in Appendix-II, for Forms ITR-1 and ITR-V, the following forms shall be substituted,
namely:-
Rule 12 is amended by notification NO. S.O.943 (E) dated 23/04/2010. Further CBDT has also notified New ITR 1- Which is hence forth called as SARAL II (ITR1) and also notified new ITR V.

CBDT is yet to notify the relevant forms ITR-2 TO ITR-7 for the A.Y 2010-11. We are herewith allowing user to generate ITR -2 TO ITR-7 in Previous year format in accordance with Rule 12. User discretion is required in generating and submission of this form in old format as new form is expected anytime. Further we will not be able to generate ITR in this format for the A.Y 2010-11, if there are changes in the forms to be notified by CBDT.

Details of Version 5.04 is available here >>