CBDT vide its Notification No. 24/2016 dated 30-03-2016 (F.No.370142/2/2016-TPL) as notified new forms for Filing Income Tax Return for A Y 2016-17.

In line with the promises made by the CBDT, this time the CBDT has notified new ITR forms for AY 2016-17 well in time through Income-tax (9th Amendment) Rules, 2016.

 

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 (9th Amendment) Rules, 2016.

(2) They shall come into force with effect from the 1st day of April, 2016.

2. In the Income-tax rules, 1962,−

(1) in rule 12,−

(a) in sub-rule (1),-

(A) after the word, brackets, figure and letter “sub-section (4E)”, the words, brackets, figure and letter “or sub-section (4F)” shall be inserted;

(B) for the figures “2015”, the figures “2016” shall be substituted;

(C) in clause (ca), after the words “Hindu undivided family”, the words “or a firm, other than a limited liability partnership firm,” shall be inserted;

(D) in clause (g), after the word, brackets, figure and letter “sub-section (4E)”, the words, brackets, figure and letter “or sub-section (4F)” shall be inserted;

 

(b) in sub-rule (5), for the figures “2014”, the figures “2015” shall be substituted.

 

Know your income tax return for AY 2016-17 and download it:

 

ITR Forms (View/ Download)	Remarks
Form Sahaj (ITR-I)	For Individuals having Income from Salaries, One house property, Other sources (Interest etc.) Refer to Instructions for eligibility
ITR-2	For Individuals and HUFs not having Income from Business or Profession
ITR-2A	For Individuals and HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets
ITR-3	For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR-4	For individuals and HUFs having income from a proprietary business or profession
Sugam (ITR-4S)	Presumptive business income tax return
ITR-5	For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
ITR-6	For Companies other than companies claiming exemption under section 11
ITR-7	For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)
ITR-V	Acknowledgement of Filing Return with Income Tax Department

 

Kindly note the returns have just be notified and not yet released by the Department. So, to file your return for AY 2016-17, you still have to wait till the Forms releases.

For filing of return contact us @ taxmantra.com.

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