NOTIFICATION NO. GSR 9(E) [NO.1/2020(F.NO.370142/32/2019-TPL)] DATED 3-1-2020

INCOME-TAX (FIRST AMENDMENT) RULES, 2020 – AMENDMENT IN RULE 12 AND SUBSTITUTION OF FORM SAHAJ (ITR-1) AND FORM SUGAM (ITR-4)

NOTIFICATION NO. GSR 9(E) [NO.1/2020 (F. NO. 370142/32/2019-TPL)] DATED 3-1-2020

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:—

Short title and commencement

1. (1) These rules may be called the Income-tax (1st AmendmentRules, 2020. (2) They shall come into force with effect from the 1st day of April, 2020.

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

(a) in sub-rule (1),-
(I) in the opening portion, for the figures “2019”, the figures “2020” shall be substituted;
(II) in clause (a), in the proviso,-
(i) in item (V), the word “or” occurring at the end shall be omitted;
(ii) after item (VI), the following items shall be inserted, namely:—
 “(VII) owns a house property in joint-ownership with two or more persons; or
 (VIII) is required to furnish a return of income under seventh proviso to sub-section (1) of section 139.”;
(III) in clause (ca), –
(ii) in the proviso, after item (V), the following item shall be inserted, namely:-
 “(VI) owns a house property in joint-ownership with two or more persons.”;
(b) in sub-rule (5), for the figures “2018”, the figures “2019” shall be substituted.

3. In the principal rules, in Appendix II, for Form “Sahaj (ITR-1)” and “Sugam (ITR-4)”, the following Forms shall, respectively, be substituted, namely:-

INDIAN INCOME TAX RETURNFORM ITR-1SAHAJ[For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property (single ownership), interest income, Family pension income etc. and agricultural income upto Rs.5 thousand][Not for an individual who is either Director in a company or has invested in unlisted equity shares or has any brought forward/carry forward loss under the head ‘Income from House Property’ or has to furnish return under seventh proviso to section 139(1) of the Income Tax Act](Refer instructions for eligibility)
INDIAN INCOME TAX RETURNFORM ITR-4 SUGAM[For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh, one house property (single ownership), having income from business and profession which is computed under sections 44AD, 44ADA or 44AE or Interest Income, Family pension etc.and agricultural income upto Rs.5 thousand][Not for an individual who is either Director in a company or has invested in unlisted equity sharesor has any brought forward/carry forward loss under the head ‘Income from House Property’](Please refer instructions for eligibility)