The Income-tax Department has issued a new Notification No 37/2011 dtd 01.07/2011.
As per this notification , all Individual/HUF/Partnership Firms who are covered under Tax Audit u/s.44 AB of the Income-tax Act, shall electronically file their return of Income with the Digital Signature of the Assessee/Partner. This will be applicable from the A.Y.2011-12 onwards. The relevant notification is reproduced below :-
Income-tax (Sixth Amendment) Rules, 2011- Amendment in Rule 12
NOTIFICATION NO. 37/2011 [F. NO. 149/68/2011-SO (TPL)]
In exercise of the powers conferred by section 295, read with section 139 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 (Sixth Amendment) Rules, 2011.
(2) They shall come into force from the date of its publication in the Official Gazette.
2. In the Income-tax Rules, 1962 in rule 12, in sub-rule (3), in the proviso, for clauses (a) and (aa) the following clause shall be substituted, namely :—
“(a) a firm required to furnish the return in Form ITR-5 or an individual or Hindu Undivided Family (HUF) required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable, shall furnish the return for assessment year 2011-12 and subsequent assessment years in the manner specified in clause (ii);”
|Notification No : NOTIFICATION NO. 37/2011|