ITR-7 IS PAPER LESS NOW

Even Audit Report has to be filed Electronically for ITR-7

Central Board of direct Taxes vide its notification no. 42/2013 dated 11^th June, 2013 has notified that ITR-7 shall not be accompanied by statement showing the computation of the tax payable on the basis of the return, or proof of the tax, if any, claimed to have been deducted or collected at source or the advance tax or tax on self assessment, if any, claimed to have been paid or any document or copy of any account or form or report of audit required to be attached with the return of income under any of the provisions of the act(all it means that ITR-7 has to be filed paperless as the rest of the return)  

Further more it has been notified to furnish the audit report electronically where an assessee is required to furnish the same as specified under sub-clauses (iv), (v), (vi) or (via) of clause (23C) of section 10, section 10A, clause (b) of sub-section (1) of section 12A.

Notification for reference is being reproduced here below:

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

[CENTRAL BOARD OF DIRECT TAXES]

NOTIFICATION

New Delhi, the 11th day of June, 2013

Income-tax

S.O.1513(E).─ In exercise of the powers conferred by section 295 of the Incometax

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 (Seventh Amendment) Rules, 2013.

(2) They shall be deemed to have come into force with effect from the 1st day of April,

2013.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 12,─

(a) in sub-rule (2),-

(A) after the words, letters and figure “Form No. ITR-6” the words,

letters and figure “or Form No. ITR-7” shall be inserted;

(B) for the proviso, the following proviso shall be substituted,

namely:--

“Provided that where an assessee is required to furnish a report of

audit specified under sub-clauses (iv), (v), (vi) or (via) of clause

(23C) of section 10, section 10A, clause (b) of sub-section (1) of

section 12A, section 44AB, section 80-IA, section 80-IB, section 80-

IC, section 80-ID, section 80JJAA, section 80LA, section 92E or

section 115JB of the Act, he shall furnish the same

electronically.”;

(b) in sub-rule (3),-

(A) in the proviso, for clause (aab), the following clause shall be

substituted, namely:-

“(aab) a person claiming any relief of tax under section 90 or 90A

or deduction of tax under section 91 of the Act, other than a

person to whom clause (aaa) or clause (ab) is applicable, shall

furnish the return for assessment year 2013-14 and subsequent

assessment years in the manner specified in clause (ii) or clause

(iii);”.

(B) after the proviso, the following proviso shall be inserted, namely:-

“Provided further that a person who is required to furnish any

report of audit referred to in proviso to sub-rule (2) electronically,

other than a person to whom clause (aaa) or clause (ab) of the

first proviso is applicable, shall furnish the return, in Form as

applicable to him, in the manner specified in clause (ii) or clause

(iii).”.

3. In the said rules, in Appendix-II, for “Forms ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and

ITR-7”, the “Forms ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7” shall be substituted.

[Notification No. 42/2013/ F.No.142/5/2013-TPL]

(Gaurav Kanaujia)

Director to the Government of India

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-

II, Section 3, Sub-section (ii) vide notification number S.O.969(E), dated the 26th

March, 1962 and last amended by Income-tax (Sixth Amendment) Rules, 2013 vide

notification S.O. No. 1491(E) dated 10th June, 2013.