## Report on Income-tax 31st Amendment Rules, 2022
**1. Executive Summary:**
This report analyzes the Income-tax 31st Amendment Rules, 2022, as detailed in the provided notification. This amendment introduces Rule 12AD to the Income-tax Rules, 1962, which prescribes the process for filing modified returns of income under section 170A of the Income-tax Act, 1961, in cases of business reorganisation. It also introduces Form ITRA for successor entities to furnish such returns. The amendment aims to streamline the process of modifying income tax assessments following business reorganisations, ensuring compliance and clarity for successor entities.
**2. Introduction:**
The purpose of this report is to provide an informative analysis of the Income-tax 31st Amendment Rules, 2022, based solely on the content of the provided government notification. This report outlines the amendment's objectives, key changes, affected stakeholders, and expected impact.
**3. Policy Overview:**
* **Amendment:** This is an amendment to the Income-tax Rules, 1962.
* **Core Objective(s):** To provide a structured mechanism for successor entities involved in business reorganisations to furnish modified income tax returns as per section 170A of the Income-tax Act, 1961. This includes defining the form to be used (ITRA) and the process for electronic filing.
**4. Background and Rationale:**
This amendment addresses the need for a clear procedure for successor entities to report income adjustments following a business reorganisation. Section 170A of the Income-tax Act, 1961 allows for modified returns in such cases. The amendment likely intends to ensure accurate tax assessments after reorganisations and provide a standardized process for businesses to comply with the relevant tax laws. Previously, the absence of such procedures may have led to inconsistencies in reporting and assessment.
**5. Key Provisions / Changes:**
This amendment introduces the following key changes to the Income-tax Rules, 1962:
* **Insertion of Rule 12AD:** This new rule defines the process for filing modified returns of income by a successor entity after a business reorganisation, as per section 170A.
* **New Rule:** Rule 12AD mandates that the modified return be furnished in Form ITRA and verified as specified within the form. It also requires electronic filing with a digital signature.
* **Difference/Effect:** The rule introduces a mandatory electronic filing procedure, specifying the form (ITRA), and outlines the process by which the Assessing Officer must act on the modified return. The Assessing officer is directed to modify assessments or reassessments based on the order of business reorganisation and the furnished modified return. This ensures compliance and clarity in the filing process.
* **Introduction of Form ITRA:** This new form is to be used by successor entities to furnish the return of income under section 170A.
* The form requires detailed information, including:
* Details of the successor entity filing the return (PAN, Name, CIN, dates of incorporation and commencement of business)
* Details of other successor entities in the scheme of arrangement
* Details of the predecessor entities (PANs, Names, CINs, dates of incorporation and commencement of business)
* Assessment Year for which the return is filed
* Information on whether a return was previously filed and details of the original return (Form, Acknowledgement No., Date of Filing)
* Details of the order of business reorganisation (Authority passing the order, Date of Order, Order No., Effective Date)
* Upload of ITR-6 modified under section 170A
* **Amendment to Form ITR-6:** The amendment modifies Part A-GEN of Form ITR-6 to include "170A After order by the tribunal or court" as an option when filing under section 139(1).
**6. Target Audience and Stakeholders:**
The primary target audience for this amendment is:
* Successor entities involved in business reorganisations as defined under section 170A of the Income-tax Act, 1961.
* Tax professionals and advisors assisting these entities.
* The Central Board of Direct Taxes (CBDT) and income tax officials responsible for assessing and processing these returns.
**7. Implementation Aspects (Inferred):**
* **Responsible agency/bodies:** The Central Board of Direct Taxes (CBDT) is the responsible agency. The Principal Director-General of Income-tax Systems or Director-General of Income-tax Systems is responsible for specifying the procedures, formats, standards, and security protocols for data capture, transmission, and archival related to the electronic filing of Form ITRA. Assessing Officers are responsible for acting on the modified returns.
* **Timelines:** The amendment comes into force on November 1, 2022.
* **Procedures:** The amendment mandates electronic filing of Form ITRA with a digital signature.
**8. Expected Outcomes / Impact of Changes:**
The intended outcome of these changes is to:
* Provide a clear and standardised process for filing modified income tax returns after business reorganisations.
* Ensure accurate and consistent assessment of income for successor entities.
* Facilitate efficient processing of returns by tax authorities.
* Reduce ambiguity and potential disputes related to income reporting following business reorganisations.
* Ensure compliance with section 170A of the Income-tax Act, 1961.
**9. Conclusion:**
The Income-tax 31st Amendment Rules, 2022, introduces crucial procedural guidelines for successor entities involved in business reorganisations. By prescribing the use of Form ITRA and mandating electronic filing, the amendment aims to streamline the process of modifying income tax assessments. This amendment ensures clarity, consistency, and compliance with tax laws, benefiting both businesses and tax authorities. The introduction of Form ITRA provides a structured approach to reporting income adjustments, leading to more accurate and efficient tax administration.
Key Entities Referenced
NEW DELHI: Capital of India, location of publication.
Income tax Act, 1961: A law being amended by this notification.
Central Board of Direct Taxes: Organization issuing the notification.
Incometax Rules, 1962: Rules being amended by this notification.
Incometax 31st Amendment Rules, 2022: Title of the amendment rules.
Form ITRA: Form for return of income under section 170A.
section 170A: Section of the Income tax Act, 1961 related to business reorganisation.
Principal DirectorGeneral of Incometax Systems: Designated authority for specifying procedures for data transmission.
DirectorGeneral of Incometax Systems: Designated authority for specifying procedures for data transmission.
Form ITR6: Form being modified in Appendix II.
High Court: Authority passing order of business reorganisation
Tribunal: Authority passing order of business reorganisation
Adjudicating Authority: defined in clause 1 of section 5 of IBC, 2016
IBC, 2016: Insolvency and Bankruptcy Code, 2016
SHEFALI SINGH: Under Secy.
Department of Revenue: The department of ministry of finance
Ministry of Finance: Ministry to which CBDT is attached
Ring Road, Mayapuri, New Delhi110064: Address of Dte. of Printing
Delhi110054: Address of the Controller of Publications
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-20092022-238929
xxxGIDHxxx
CG-DL-E-20092022-238929
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 628] नई दिल्ली, ंगं लिार, जसतम्ो र 20, 2022/भार 29, 1944
No. 628] NEW DELHI, TUESDAY, SEPTEMBER 20, 2022/BHADRA 29, 1944
जित्त ं्ं ाल
(रािस्ट्ि जिभाग
(केन्द री प्रत् क्ष कर ोरडड)
अजधसचू ना
नई दिल् ली 19 जसतम् ोर, 2022
सा.का.जन. 709(अ).—केन्द री प्रत् क्ष कर ोरडड, आ -कर अजधजन ं, 1961 (1961 का 43) की धारा 295 के साथ पठित
धारा 170क द्वारा प्रित् त िजत त क का प्र रग करते एए, आ -कर जन ं, 1962 का और संिरधन करने के जलए जनम् नजलजखत जन ं
ोनाता ह,ै अथाडत् :-
1. सजं क्ष प्त नां और प्रारम्भ --(1) इन जन ंक का संजक्ष प्त नां आ -कर (इकतीसिां संिरधन) जन ं, 2022 ह ै।
(2) े 1 निंोर, 2022 कर प्रिृत् त हकगे ।
2. आ -कर जन ं, 1962 (जिसे इसंें इसके पश्चात् ंूल जन ं कहा ग ा ह ै ंें, जन ं 12कग के पश्चात्, जनम्नजलजखत जन ं
अंत:स्ट्थाजपत दक ा िाएगा, अथाडत्:--
‘12कघ. धारा 170क के अधीन आ की जििरणी—(1 दकसी जनधाडरण िर्ड के जलए, धारा 170क ंें था जनर्िष्टड , दकसी
कारोार पुनगडिन की उत्तराजधकार इकाई द्वारा प्रस्ट्तुत की िाने िाली आ की संिरजधत जििरणी, प्ररूप आईटीआर-क ंें हरगी
और उसंें जिजनर्िष्टड रीजत ंें सत् ाजपत की िाएगी ।
(2 उपजन ं (1 ंें जनर्िष्टड आ की जििरणी अंकी हस्ट्ताक्ष र के साथ इलैतराजनक रूप से प्रस्ट्तुत की िाएगी ।
6248 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(3 दि दकसी पूिडिर्ड, जिसकर कारोार पुनगडिन का आििे लागू हरता है, से सुसंगत जनधाडरण िर्ड के जलए, धारा 170क के
उपोंधक के अनुसरण ंें संिरजधत जििरणी प्रस्ट्तुत करने की तारीख कर, जनधाडरण ा पुन:जनधाडरण का िड ाजह ां पूरी हर चुकी ह ैं ा
लंजोत है, तर जनधाडरण अजधकारी, कारोार पुनगडिन के आििे और इस प्रकार प्रस्ट्तुत संिरजधत जििरणी के अनुसरण ंें,
थाजस्ट्थजत, ऐसे जनधाडरण ा पुन:जनधाडरण ंें अिधाठरत सुसंगत जनधाडरण िर्ड की कुल आ कर उपांतठरत करते एए आििे पाठरत
करेगा, ा जनधाडरण ा पुन:जनधाडरण का डिाजह क कर पूरा करने के जलए प्रिृत्त हरगा ।
(4 आ -कर प्रधान ंहाजनििे क (प्रणाली ा आ -कर ंहाजनििे क (प्रणाली , डाटा कर सुरजक्ष त रूप से लेने और पारेर्ण के
जलए प्रदि ाएं, प्ररूप और ंानक जिजनर्िडष्ट करेगा और उपजन ं (2 ंें जिजनर्िष्टड रीजत ं ें जििरणी प्रस्ट्तुत करने के संोंध ं ें
संुजचत सुरक्ष ा, पुरालेखी और पुन:प्राजि नीजत क के जिकास और का ाडन्दि न के जलए भी उत्तरिा ी हरगा ।’।
3. ंूल जन ं के पठरजिष्ट 2 ंें,--
(I) 1 अप्रैल, 2022 कर प्रारंभ हरने िाले प्रत् ेक जनधाडरण िर्ड ा दकसी पूिडिती जनधाडरण िर्ड के जलए, प्ररूप आईटीआर-6 के भाग
क--सांान्द ं,ें िं संख ांक (क19 (क (i की प्रजिजष्ट क के स्ट्थान पर, जनम्नजलजखत रखा िाएगा, अथातड ् :--
“(क19) (क) (i) जिस धारा के अधीन फाइल 139(1)- जन त तारीख कर ा उससे पहले,
की गई है, उसे (ठटक) करे 139(4)- जन त तारीख के पश्चात्,
[कृप ा अनुििे िखे ें] 139(5)- पुनरीजक्ष त जििरणी, 92गघ- संिरजधत जििरणी,
119(2) (ख) – जिलंो की ंाफी के पश्चात्,
170क- अजधकरण ा न्द ा ाल के आििे के पश्चात् ।”;
(II) आईटीआर-पािती के पश्चात,् जनम्नजलजखत प्ररूप आईटीआर-क (धारा 170क के अधीन आ -कर जििरणी अंत:स्ट्थाजपत
दक ा िाएगा, अथाडत् :-
भारती आ -कर जििरणी
प
रू आईटीआर-क [कारोार पनु गिड न के पठरणांस्ट्िरूप धारा 170क के अधीन उत्तराजधकार इकाइ क के जलए प्रस्ट्ततु की िान ेिाली जििरणी]
प्र
“ (पा्ता के जलए अनिु िे िखे )ें
(आ -कर जन ं, 1962 का जन ं 12कघ िखे )ें
भाग क सांान्द सचू ना – 170क
( अ1): आ की जििरणी फाइल करन ेिाली उत्तराजधकार इकाई का ब् ौरा िें :
(अ1क) (अ1ख) उत्तराजधकार इकाई (अ1ग) कारपररेट का ड (अ1घ) जनगंन की (अ1ङ) कारोार
जििरणी का नां ंं्ाल द्वारा िारी तारीख आरंभ की तारीख
फाइल जनगजंत पहचान सखं ाकं (दिन/ंास/िर्)ड (दिन/ंास/िर्)ड
करन ेिाली (सीआईएन
उत्तराजध-
कार इकाई
का पनै
(अ2) : िहराि/कारोार पनु गिड न की स्ट्कीं ं ेंअन्द उत्तराजधकार इकाइ क का ब् ौरा िें :
(अ2क) (अ2ख) उत्तराजधकार इकाई (अ2ग) कारपररेट का ड (अ2घ) जनगंन की (अ2ङ) कारोार
अन्द का (इकाइ क के नां ंं्ाल द्वारा िारी तारीख (तारीख ें आरंभ की तारीख
उत्तराजध- जनगजंत पहचान सखं ाकं (दिन/ंास/िर्)ड (तारीख ें
कार इकाई (सीआईएन (दिन/ंास/िर्)ड
का
(इकाइ क
के पनै[भाग II—खण् ड 3(i)] भारत का रािप् : असाधारण 3
(अ3): पिू ाजडधकार इकाई का ब् ौरा िें :
(अ3क) (अ3ख) पिू ाजडधकार इकाइ क (अ3ग) कारपररेट का ड (अ3घ) जनगंन की (अ3ङ) कारोार
पूिाजडधकार का (के नां ंं्ाल द्वारा िारी तारीख (तारीख ें आरंभ की तारीख
इकाइ क जनगजंत पहचान सखं ाकं (दिन/ंास/िर्)ड (तारीख ें
का (के (सीआईएन (दिन/ंास/िर्)ड
पनै
(अ4) जनधारड ण िर्ड [कृप ा अनुिेि (अ 5) त ा इस जनधाडरण िर् डके जलए (अ6) दि हा,ं
िेख]ें जििरणी पहल ेफाइल की गई ह?ै त ा धारा 139(1) अन्द (ड्राप डाउन) के अधीन
फाइल की गई ह ै
हा ं नहीं
(अ7) ंलू जििरणी का फाइल दक ा ग ा प्ररूप, पािती पािती स.ं
और फाइल
सं. ा रसीि स.ं और फाइल करन ेकी तारीख आईटीआर-6 / /
करन ेकी
(दिन/ंास/िर्)ड प्रजिष्ट करें
तारीख
(अ 8) कारोार पनु गिड न के आिेि का ब् ौरा :
उच्च न्द ा ाल
धारा 170क ं ेंजनर्िडष्ट प्राजधकरण
(अ8क) कारोार पनु गिड न का आिेि पाठरत करन ेिाला प्राजधकारी
िरधन अक्ष ंता सजंहता, 2016 की धारा 5 के खडं (1 ं ें
थापठरभाजर्त न्द ा जनण ड न प्राजधकारी
(अ8ख) आिेि की तारीख
(अ8ग) आिेि स0ं
(अ8घ) तारीख, जिसस ेआिेि के अनसु ार कारोार पनु गिड न प्रभािी दक ा ग ा ह ै।
(अ9) कृप ा धारा 170क के अधीन, ससु ंगत जनधारड ण िर् ड की आ कर उपातं ठरत
करन ेिाली, आईटीआर-6 अपलरड करें ।
(अ10) उपातं ठरत जििरणी की पािती स0ं और फाइल करन ेकी तारीख (प्रस्ट्ततु ीकरण
/ /
के सं स्ट्ित: भरी िाएगी)
सत् ापन
ंैं .......................................................... सुपु्/सुपु्ी .............................................. घरर्णा करता/ करती ह ं दक ंेरी
सिोत्तं िानकारी और जिश्वास के अनुसार, जििरणी ंें िी गई िानकारी सही और पूणड ह ैऔर आ -कर अजधजन ं, 1961 के उपोंधक
के अनुसार ह ै । ंैं ह और घरर्णा करता/करती हं दक ंैं ............................................... (ड्राप-डाउन उपलब्ध कराए िाएं की
अपनी हजै स त से ह जििरणी िे रहा ह ं और ंैं ह जििरणी िने े और इसका सत् ापन करने के जलए भी सक्ष ं ह ं । ंैं स्ट्था ी खाता
संख ा .................................. का/की धारक हं । (कृप ा अनुििे िखे ें ।
ंैं ह और घरर्णा करता/करती हं दक ंैं सक्ष ं प्राजधकारी द्वारा पाठरत कारोार पुनगडिन के आििे ंें जिजनर्िष्टड जनोंधनक और ितों का
अनुपालन कर दि ा ग ा ह ै।
तारीख : हस्ट्ताक्ष र :’।
[अजधसूचना सं.110/2022,/फा.सं. 370142/41/2022–टीपीएल]
िेफाली ससंह, अिर सजचि
ठटप्प ण:- ंूल जन ं अजधसूचना संख ांक का.आ. 969(अ तारीख 26 ंाचड, 1962 द्वारा प्रकाजित दकए गए थे और अजधसूचना
संख ांक सा.का.जन. 697(अ तारीख 14 जसतंोर, 2022 द्वारा अंजतं ोार संिरजधत दकए गए थे ।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 19th September, 2022
G.S.R 709(E).—In exercise of the powers conferred by section 170A 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, namely:–
1. Short title and commencement.—(1) These rules may be called the Income-tax (31st Amendment) Rules, 2022.
(2) They shall come into force from the 1st day of November, 2022.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), after rule 12AC, the following rule
shall be inserted, namely:––
‘12AD. Return of income under section 170A.— (1) The modified return of income to be furnished by a successor
entity to a business reorganisation, as referred to in section 170A, for an assessment year, shall be in the Form ITR-A
and verified in the manner specified therein.
(2) The return of income referred to in sub-rule (1) shall be furnished electronically under digital signature.
(3) If the assessment or reassessment proceedings for an assessment year relevant to a previous year to which the
order of the business reorganisation applies have been completed or are pending on the date of furnishing of the
modified return in accordance with the provisions of section 170A, the Assessing Officer shall, pass an order
modifying the total income of the relevant assessment year determined in such assessment or reassessment, or proceed
to complete the assessment or reassessment proceedings, as the case may be, in accordance with the order of the
business reorganisation and the modified return so furnished.
(4) 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 manner specified in sub-rule (2).’.
3. In the principal rules, in Appendix-II,––
(I) in Form ITR-6, for every assessment year commencing on the 1st day of April, 2022 or any earlier assessment year,
in the Part A-GEN, for entries of serial number (A19)(a)(i), the following shall be substituted, namely:—
“(A19) (a) (i)Filed u/s (Tick) □139(1) - On or before due date, □139(4) - After due date, □139(5) -
Revised return, □ 92CD - Modified return,
[Please see instructions]
□119(2)(b) - After condonation of delay, □170A - After order by the
tribunal or court.”;
(II) after the ITR – Ack, the following Form ITR-A (ITR under section 170A) shall be inserted, namely:––
M INDIAN INCOME TAX RETURN
R
O ITR-A [For successor entities to furnish return of income under section 170A consequent to business reorganisation]
(Refer instructions for eligibility)
F
“ (Please see rule 12AD of the Income-tax Rules, 1962)
PART A GENERAL INFORMATION – 170A
(A1): Give details of the successor entity filing the return of income:
(A1a) PAN (A1b)Name of (A1c) Corporate (A1d) Date of (A1e) Date of
of successor entity Identity Number incorporation commencement
successor (CIN) issued by (DD/MM/YYYY) of business
entity filing MCA (DD/MM/YYYY)
the return
(A2): Give details of the other successor entities in the scheme of arrangement/business reorganisation:[भाग II—खण् ड 3(i)] भारत का रािप् : असाधारण 5
(A2a) PAN (A2b) Name(s) of (A2c) Corporate (A2d) Date (s) of (A2e) Date (s) of
(s) of other successor entities Identity Number (s) incorporation commencement
successor (CIN) issued by (DD/MM/YYYY) of business
entities MCA (DD/MM/YYYY)
(A3): Give details of the predecessor entities:
(A3a) (A3b) Name (s) of (A3c) Corporate (A3d) Date (s) of (A3e) Date (s) /
PAN(s) of predecessor entities Identity Number (s) incorporation Year of
the (CIN) issued by (DD/MM/YYYY) commencement
predecessor MCA of business
entities (DD/MM/YYYY)
(A4) Assessment Year [Please see (A5) whether return previously filed (A6) If yes,
instruction] for this assessment year? Whether filed u/s 139(1) Others (drop down)
Yes No
(A7) Enter form filed, Acknowledgement no. Ack no
or Receipt No. and Date of filing original ITR-6 and date / /
return (DD/MM/YYYY) of filing
(A8) Details of order of business reorganisation:
High Court
Tribunal as referred to in section 170A
(A8a) Authority passing the order of business reorganisation
Adjudicating Authority as defined in clause (1)
of section 5 of IBC, 2016
(A8b) Date of order
(A8c) Order No.
(A8d) Date from which the business reorganisation has been made
effective as per the order
(A9) Please upload ITR-6 u/s 170A, modifying the income for the
relevant AY.
(A10) Acknowledgement no. and Date of filing of the modified return
/ /
(will be auto-filled at the time of submission)
VERIFICATION
I, son/ daughter of solemnly declare that to the best of my knowledge and
belief, the information given in the return is correct and complete and is in accordance with the provisions of the
Income-tax Act, 1961. I further declare that I am making this return in my capacity as ___________(drop down to
be provided) and I am also competent to make this return and verify it. I am holding permanent account number
(Please see instruction).
I further declare that the terms and conditions specified in the order of business reorganisation passed by the
Competent Authority have been complied with.
Date: Signature:.
[Notification No. 110/2022/F.No. 370142/41/2022-TPL]
SHEFALI SINGH, Under Secy.
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. 697.(E), dated 14th September, 2022.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.