Income-tax (Second Amendment) Rules, 2019

Apr 08, 2019 | by Avantis RegTech Legal Research Team

The Central Board of Direct Taxes (CBDT) on April 01, 2019, has published Income-tax (Second Amendment) Rules, 2019, to further amend the Income-tax Rules, 1962.

Some of the major amendments in Rule 12 of the Income-tax Rules, 1962, which specifies the procedure regarding the Return of income, are as under:

•Under Sub-rule (1):

1)in clause (a), in the proviso, after item (IC), the following items shall be inserted, namely:

“(ID) has claimed deduction under section 57, other than deduction claimed under clause (iia) thereof; (IE) is a director in any company;

(IF) has held any unlisted equity share at any time during the previous year;

(IG) is assessable for the whole or any part of the income on which tax has been deducted at source in the hands of a person other than the assesse”;

2)in clause (ca):

in the opening portion, for the words “a Hindu undivided family or a firm, other than a limited liability partnership firm,”, the words “a Hindu undivided family, who is a resident other than not ordinarily resident, or a firm, other than limited liability partnership firm, which is a resident” shall be substituted; (ii) in the proviso, item (I) shall be substituted.

3)in clause (g), the words, brackets, figures and letters “or sub-section (4E) or subsection (4F)” shall be omitted;

•Under sub-rule (3), in the Table, in column (i), against the entries at serial number 1, in column (iii), for item (b), the following item shall be substituted, namely:

“(b) Where total income assessable under the Act during the previous year of a person, being an individual of the age of eighty years or more at any time during the previous year, and who furnishes the return in Form number SAHAJ (ITR-1) or Form number SUGAM (ITR-4).”;

The Rules has come into force with effect from April 01, 2019.

[Notification No. G.S.R. 279(E)]

Click here to download the Notification.


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