The Central Board of Direct Taxes ( CBDT ) has recently made revisions to the Income Tax Return ( ITR ) Forms 2, 3 and 5 for incorporating necessary disclosure requirements for Sections 80DD, 80U, and 54D. As per the notification, vide no. G.S.R. 120(E) dated 21st February 2024, issued by the Central Government, has amended the notification no. G.S.R. 83(E), issued on 31st January 2024.

The Key changes include, in Form ITR-2 and Form ITR-3, a new column titled “Amount (Rs.)” has been added to Schedule 80DD. Additionally, the schedules for both forms have been substituted accordingly to accommodate this change. This addition empowers taxpayers to divulge relevant sums in alignment with Section 80DD, which furnishes deductions for expenses related to the medical treatment, training, rehabilitation, or insurance of dependents with disabilities.

Furthermore, in Form ITR-3, a new column “Amount (Rs.)” has been inserted into Schedule 80U, and the schedule has been substituted accordingly to reflect this addition. In Form ITR-5, specific adjustments have been made in Schedule CG. Firstly, in row B, sub-row (1), item (d), the references to “54EC/54G/54GA” have been replaced with “54D/54EC/54G/54GA”. Similarly, in row B, sub-row (10), the references to “54D/54G/54GA/54GB” have been replaced with “54D/54G/54GA”. These rules may be called the Income-tax ( Second Amendment ) Rules, 2024.