The Ministry of Finance (MoF) on January 31, 2024, notified the Income-tax (Amendment) Rules, 2024 further to amend Income-tax Rules, 1962.
The following has been stated: -
•In the Income-tax Rules, 1962, in rule 12 which specifies the Return of income and return of fringe benefits, in sub-rule (3), in the Table, for Sl. No. 1 and entries thereto have been substituted.
•In the principal rules, in Appendix II, FORM ITR-2, has been substituted
ITR-2 which is about the INDIAN INCOME TAX RETURN [For Individuals and HUFs not having income from profits and gains of business or profession]
They shall come into force from April 01, 2024.
The detailed notification is given in the document attached below.
[Notification No. G.S.R. 83(E).]
