The Central Board of Direct Taxes vide notification dated 1st April, 2022 has issued the Income-tax (5
th Amendment) Rules, 2022. The amendment shall come into force with effect from the 1st day of April, 2022. The amendment has replaced the Form ITR-7.
The Return under section 139(4A) of Income Tax Act required to be filed by every person in receipt of income derived from property held under trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes shall now be filed through revised for ITR-7.
