changes in Form ITR 7

6908 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 633] NEW DELH I, TUES DAY , OCTOBER 31, 2023/ KARTIKA 9, 1945 CG-DL-E-31102023-249820 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES ) NOTIFICATION New Delhi, the 31 st October, 2023 G.S.R. 81 3(E).—In exercise of the powers by section 139 read with 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. Short title an d commencement .–– (1) These rules may be called the Income -tax (Twenty -Seventh Amendment) Rules, 2023. (2) They shall be deemed to have come into force from 1st day of April, 2023. 2. In the Income -tax Rules, 1962, in Appendix II, in Form ITR -7, in PART -B for the assessment year commencing on the 1st day of April, 2023 — (a) in Part B –TI, the Part B1, for serial number 16 and entries relating thereto, the following serial number and entries thereto shall be substituted, namely: — “16 Specified income charge able u/s 115BBI, included in 13, to be taxed @ 30% ( Sl. No 7 of Schedule 115BBI ) 17 Aggregate income to be taxed at normal rates (13 -14-15-16) (including income other than specified income under section 115BBI) 17”; (b) in Part B –TTI, against se rial number 1, for item a and entries relating thereto, the following item and entried thereto, shall be substituted, namely: — “a Tax at normal rates on [Sl. No. 17 of Part B1 of Part B -TI] OR [Sl. No. (13 -14) of Part B2 of Part B -TI] OR [Sl. No. 13 of Pa rt B3 of Part B -TI] 1a”. [Notification No. 94/2023/ F.No. 370142/2/2023 -TPL-Part (1)] SURBENDU THAKUR, Under Secy. Explanatory Memorandum: This amendment is effective from 1st day of April, 2023 and applies to assessment year 2023 -24 relevant to the p revious year 2022 -23. It is hereby certified that no person is being adversely affected by giving retrospective effect to these rules. Note: - The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and last amended vide notification G .S.R.786 (E), dated the 19th October, 2023 . Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publica tions, Delhi -110054.