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Compliance Calendar for the month of July, 2023 Simplifying Export Procedures: Tax-Free Supplies for International Trade

(ii) पूिड िर्ड के िौरान यदि उसकी िृजत् तक सकल प्राजप् तयां िस लाख पएपए से अजधक ै ; या
(iii) पूिड िर्ड केिौरान दकसी ्‍ यजष् ट के मामले में यदि रोतरत पर कु ल आय-कर कटौती रर रोतरत पर संगृैीत आय-कर
पच् चीस लाख पएपए या अजधक ैै; या
(iv) पूिड िर्ड के िौरान दकसी व्यजि के एक या अजधक ोचत खातक में कु ल जनक्ष ेप पचास लाख पएपए या अजधक ैै :
परंतु भारत में दकसी ्‍ यजष् ट जनिासी के मामले में, जिसकी आयु साि िर्ड या अजधक की ैै, दकसी सुसंगत पूिड िर्ड
के िौरान दकसी भी समय खंड (iii) के उपोंध का िैसे ैी प्रभाि ैरगा मानर “पच् चीस ैिार” िब् िक के स्ट् थान पर, “पचास
ैिार” िब् ि रख दिये गए ैक ।
[अजधसूचना स. 37/2022/ फा.सं. 370142/01/2020-टीपीएल (भाग-1)]
िेफाली ससंै, अिर सजचि
ठटप्पण : मूल जनयम, भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (ii), संखयांक का.आ. 969(अ), तारीख 26
माचड, 1962 द्वारा प्रकाजित दकए गए थे रर अजधसूचना संखयांक सा.का.जन. 275(अ), तारीख 06 अप्रैल,
2022 द्वारा अंजतम ोार संिरजधत दकए गए थे ।
(Department of Revenue)
New Delhi, the 21st April, 2022
G.S.R. 307(E).—In exercise of the powers conferred by clause (iv) of the seventh proviso to subsection (1) of 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 Income-tax Rules, 1962,

  1. Short title and commencement. – (1) These rules may be called the Income-tax (Ninth Amendment)
    Rules, 2022.
    (2) They shall come into force with effect from the date of their publication in the Official Gazette.
  2. In the Income-tax Rules, 1962, after rule 12AA, the following rule shall be inserted, namely:-
    ’12AB. Conditions for furnishing return of income by persons referred to in clause (b) of sub-section
    (1) of section 139.– The conditions for furnishing return of income in respect of persons referred to in
    clause (b) of sub-section (1) of section 139 in terms of clause (iv) of the seventh proviso to sub-section (1)
    of section 139 shall be the following, namely: –
    (i) if his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh
    rupees during the previous year; or
    (ii) if his total gross receipts in profession exceeds ten lakh rupees during the previous year; or
    (iii) if the aggregate of tax deducted at source and tax collected at source during the previous year, in
    the case of the person, is twenty-five thousand rupees or more; or
    (iv) the deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or
    more during the previous year:
    [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3
    Provided that in the case of an individual resident in India who is of the age of sixty years or more, at
    any time during the relevant previous year, the provision of clause (iii) shall have effect as if for the
    words “twenty-five thousand”, the words “fifty thousand” had been substituted.’.
    [Notification No. 37/2022/F.No. 370142/01/2020-TPL(Part1)]
    SHEFALI SINGH, Under Secy.
    Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II Section-3, Sub
    Section (ii) vide number S.O. 969(E), dated the 26th March, 1962 and were last amended vide
    notification No. G.S.R. 275(E), dated the 06th April, 2022.

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