TMI BlogIncome-tax Rules, 1962 - Several ChangesX X X X Extracts X X X X X X X X Extracts X X X X ..... 015. (2) They shall be deemed to have come into force with effect from the 1st day of April, 2015. 2. In the Income-tax Rules, 1962 ,─ (1) in rule 12 ,─ (a) in sub-rule (1),- (A) after the words, brackets, figure and letter sub-section (4D) the words, brackets, figure and letter or sub-section (4E) shall be inserted; (B) for the figures 2014 , the figures 2015 shall be substituted; (C) in clause (a), in the proviso, in clause (I), for sub-clause (ii), the following sub clauses shall be substituted, namely:- (ii) signing authority in any account located outside India; or (iii) income from any source outside India; ; (D) in clause (ca), in the proviso, in clause (I), for sub-clause (ii) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... side India; or (C) income from any source outside India; (III) any relief, in respect of tax paid proviso to sub-rule (2) is required to be furnished electronically; or (IV) any report of audit referred to in proviso to sub -rule (2) is required to be furnished electronically; or (V) total income assessable under the Act during the previous year of the person (other than the person, being an individual of the age of 80 years or more at any time during the previous year and furnishing the return in Form ITR-1 or ITR-2 ),- (i) exceeds five lakh rupees; or (ii) any refund is claimed in the return of income; (A) Electronically under digital signature; or (B) Transmitting the data in the retu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... B of the Act ; Electronically under digital signature; (b) In any other case. (A) Electronically under digital signature; or (B) Transmitting the data in the return electronically under electronic verification code; or (C) Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V. Explanation.- For the purposes of this sub-rule electronic verification code means a code generated for the purpose of electronic verification of the person furnishing the return of income as per the data structure and standards specified by Principal Director General of Income-tax (Systems) or Director Genera ..... X X X X Extracts X X X X X X X X Extracts X X X X
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