New ITR forms for AY 2013-14 to be notified by March-end

Updates: New Forms have been notified, click here to download.

New forms for filing of income tax returns for the assessment year 2013-14 are proposed to be notified by the end of this month.

New ITR for AY 2013-14 Expected to be notified by end of March, 2013“The new forms for filing the income tax returns for the assessment year 2013-14 are proposed to be notified by the end of March, 2013,” Minister of State for Finance S S Palanimanickam said in a written reply to the Lok Sabha.

Every year, the government notifies forms for filing of income-tax returns after incorporating changes brought out by the Finance Act of the previous year and the suggestions received from stakeholders.

Replying to a separate question, the Minister said Rs 97,611 crore in direct taxes and Rs 1,08,081.08 crore in indirect taxes are locked up in litigation.

On steps taken by the Central Board of Direct Taxes (CBDT) to minimise litigation time to ensure early release of the locked-up amount, Palanimanickam said: “In order to facilitate early disposal of appeals pending with ITAT (Income Tax Appellate Tribunal), High Courts and Supreme Court, instructions have been issued to ensure proper and timely representation.”

On steps taken by the Central Board of Excise and Customs ( CBEC) to minimize litigation time to ensure early released of the locked-up amount, the Minister said, “Threshold limit of filing of Departmental Appeals have been prescribed as Rs 25 lakh, Rs 10 lakh, and Rs 5 lakh before the Supreme Court, High Court and Customs, Excise and Service Tax Appellate tribunal respectively.”

The legislative amendments in the Finance Bill, 2013 have been introduced to enhance the monetary limit of cases heard and disposed by single member benches of the Customs, Excise and Service Tax Appellate Tribunal from Rs 10 lakh to Rs 50 lakh, Palanimanickam added.

Replying to a separate question, Palanimanickam informed Lok Sabha that in the searches conducted by the Income Tax department in 2012-13 (up to December 30) seized unexplained assets of Rs 543.5 crore.

In 2011-12 the department had seized unexplained assets of Rs 905.60 crore, while in the previous fiscal that of Rs 774.98 crore were seized, he said.

Updates: New Forms have been notified, click here to download.

24 Responses to “New ITR forms for AY 2013-14 to be notified by March-end”
  1. jennifer

    penalised for not filling returns on time. Govt should be penalised for not releasing itr 2 ay 2013-14

  2. MAULIK SOLANKI

    WHEN ITR-4S FORM FOR AY 2012-2014 COME ??

    • thesanyamjain

      Hopefully with other forms

  3. Jitendra Panwar

    Please Release ITR form before ending of April-13.

  4. kittu

    waiting for ITR forms

  5. amit chowdhury

    the govt. still not produce itr forms…………how many year ..we have to wait for releasing itr forms in time…..???

  6. Amit

    Govt must be penalized for loading ITR form late. What about TAX REBATE!

  7. c n hebbar

    ITR forms for A.Y.2013-14 is out sight of IT Dept. When it would be released

  8. Urmila

    Will the govt.wake up and release ITR 2 A.Y. 2013-14 form

    • thesanyamjain

      I hope they wake up before the ITR filing date lapse… :-)

  9. Urmila

    When will ITR 2 A.Y. 2013-2014

    • thesanyamjain

      Cant say, keeping eyes on Income Tax Site.

  10. IRFAN ALI

    Still we have not been provided information when the ITR forms will be available for the AY 2013-14 as already half month has gone away in the new financial year.

    • thesanyamjain

      This is the prob with Indian Govt. They quickly forget what they say.

  11. Hemant Kumar Sharma

    Still waiting forms now ending April 2103 also…

    • thesanyamjain

      yes me too waiting for new forms…

  12. Subhashchandra

    Subhashchandra —

    Still how many days we have to wait for new Income Tax Return Forms though

    declared at end of March — 2013 ? That shows Govt . is not at all efficient ! ! !

    May I right ?

    • thesanyamjain

      Can’t Say anything on this but can wait for new forms…

  13. Deepak

    Still waiting forms now it is almost end April 2103

    • thesanyamjain

      Everyone is waiting Deepak…!!!

  14. Madhavi

    still waiting for forms!

    • thesanyamjain

      Everyone is waiting…!!

  15. Dinesh

    March is long gone and April is almost getting on the in full swing and there is no hope for the returns

    • thesanyamjain

      Yes… Indian Govt never adhere to what it says…

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