Notification No. 34 /2013-E-filing of return of Income and Audit Report

1. An assessee who is required to furnish a report of audit under sec 44AB,92E or 115JB of the Act, shall furnish the Audit report electronically for the A.Y. 2013-14 and onwards.
2. A person having total income in excess of 5 lakh shall furnish a electronic return of income for A.Y.2013-14 and onwards and to give effect this amendment a notification has been issued.

Also ReadE-filing-returns-must-if-income-above 5 Lakh

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

[CENTRAL BOARD OF DIRECT TAXES]

NOTIFICATION

New Delhi, the 1st day of May, 2013

Income-tax

S.O. 1111 (E).─ 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 (3rd Amendment) Rules, 2013.
(2) They shall be deemed to have come into force with effect from the 1st day of April, 2013.

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

 (a) in sub-rule (1),-
                        (A) for the figures “2012”, the figures “2013” shall be substituted;
                     
                        (B) in item (a),─
                              (i) in sub-item (iii), after the words “income from race horses”, the words “and does not
                                  have any loss under the head” shall be inserted;
                             (ii) for the proviso, the following proviso shall be substituted, namely:-

                                “Provided that the provisions of this clause shall not apply to a person who,-
                                       (I) is a resident, other than not ordinarily resident in India within the meaning of
                                            sub-section (6) of section 6 and has,─
                                             (i) assets (including financial interest in any entity) located outside India; or

                                              (ii) signing authority in any account located outside India;
                                     
                                    (II) has claimed any relief of tax under sections 90 or 90A or deduction of tax under
                                         section 91; or
                                    (III) has income not chargeable to tax, exceeding five thousand rupees.”;

                        (C) in clause (ca), for the proviso, the following proviso shall be substituted, namely:-
                           
                                “Provided that the provisions of this clause shall not apply to a person who,-

                                  (I) is a resident, other than not ordinarily resident in India within the meaning of sub
                                       section (6) of section 6 and has,─
                                         (i) assets (including financial interest in any entity) located outside India; or
                                         (ii) signing authority in any account located outside India;
                                (II) has claimed any relief of tax under sections 90 or 90A or deduction of tax under
                                      section 91; or
                               (III) has income not chargeable to tax, exceeding five thousand rupees.”;

        (b) in sub-rule(2), the following proviso shall be inserted, namely:-

                   “Provided that where an assessee is required to furnish a report of audit under sections 44AB,
                     92E or 115JB of the Act, he shall furnish the same ectronically.”;
 
       (c) in sub-rule (3), in the proviso,-
                      (A) in clause (a),─
                                         (i) for the words “an individual or a hindu undivided family”, the words “a
                                              person, other than a company and a person required to furnish the return in
                                              Form ITR-7 shall be substituted;
                                         (ii) for the words “ten lakh rupees” the words “five lakh rupees” shall be
                                              substituted;
                                         (iii) for the figures “2012-13”, the figures “2013-14” shall be substituted;

                        (B) after clause (aaa), the following clause shall be inserted, namely:-

                                        “(aab) a person claiming any relief of tax under section 90 or 90A or
                                          deduction of tax under section 91 of the Act, shall furnish the
                                          return for assessment year 2013-14 and subsequent assessment
                                          years in the manner specified in clause (ii) or clause (iii);”


                        (C) in clause (b), after the words, brackets and figure “in clause (i)”, the words, brackets
                              and figures “or clause (ii) or clause (iii)” shall be inserted

           (d) in sub-rule 4, after the words, brackets and figures “of sub-rule(3)”, the words and figures “and
                the report of audit in the manner specified in proviso to sub-rule (2)” shall be inserted

           (e) in sub-rule (5), for the figures “2011”, the figures “2012” shall be substituted.



3. In the said rules, in Appendix-II, for “Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-
4S), ITR-4 and ITR-V”, the “Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4S), ITR-4
and ITR-V” shall be substituted.

[Notification No. 34 /2013/ F.No.142/5/2013-TPL]

(Gaurav Kanaujia)

Deputy Secretary to the Government of India

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O.969(E), dated the 26th March, 1962 and last amended by Income-tax (2nd Amendment) Rules, 2013 vide notification S.O. No.410 (E) dated 19th February, 2013.

Notification:N/N 34 2013