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Rule 12AC: Updated return of income

The Income-tax Rules, 1962Central Act · 1962

[Updated return of income.

(1) The return of income to be furnished by any person, eligible to file such return under sub-section (8A) of section 139, relating to the assessment year commencing on the 1st day of April, 2020 and subsequent assessment years, shall be in the Form ITR-U and be verified in the manner indicated therein.

(2) The return of income referred to in sub-rule (1) shall be furnished by a person, mentioned in column (2) of the Table below in the manner specified in column (3) thereof:--

TABLE

(A) Electronically under digital signature;

(B) Transmitting the data electronically in the return under electronic verification code.

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 General of Income-tax (Systems).

(3) The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture and transmission of data and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to furnishing the return in the manners specified in column (3) of the Table.]

Where this provision sits

ActThe Income-tax Rules, 1962
Rule12AC
Marginal noteUpdated return of income
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted. Inserted by the IT (Eleventh Amdt.) Rules, 2022, w.e.f. 29-4-2022.

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