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 (Fourth 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) for the words and figures “Form No. ITR-1”, at both the places where they occur, the words and figures “Form SARAL-II (ITR- 1)”, shall be substituted;
(ii) in sub-rule (1), -
(a) for the figures “2009”, the figures “2010” shall be substituted;
(b) for clause (a), the following clause shall be substituted,
namely:-
“(a) in the case of a person being an individual where the total income includes income chargeable to income tax, under the head,-
(i) “Salaries” or income in the nature of family pension as defined in the Explanation to clause (iia) of section 57;or
(ii) “Income from house property”, where assessee does not own more than one house property and does not have any brought forward loss under the head; or
(iii) “Income from other sources”, except winnings from lottery or income from race horses,
be in Form SARAL-II (ITR-I) and be verified in the manner indicated therein;”
(iii) in sub-rule (5), for the figures “2008”, the figures “2009” shall be substituted;
(b) in Appendix-II, for Forms ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V, the attached forms shall be substituted.
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