The Central Board of Direct Taxes (CBDT) revised the Income Tax laws on return of income compatible to revise beneath section 148 
According to the authority, the board granted that under section 139 and “section 148 read with section 295 of the Income-tax Act, 1961 notified Income-tax (20th Amendment) Rules, 2021” which urge to revise Income-tax Rules, 1962.
The CBDT revised Rule 12 of Income Tax Rules, 1962 that proceeds with “Return of income”; Relevant portion of sub-rule (1) after amendment shall read as “The return of income required to be furnished under sub-section (1) or sub-section (3) or sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) or sub-section (4E) or sub-section (4F) of section 139 or clause (i) of sub-section (1) of section 142 or section 148 or section 153A relating to the assessment year commencing on the 1st day of April 2021”.
Indeed revises Rule 12(5) which is stated as “Where a return of income relates to the assessment year commencing on the 1st day of April 2020 or any earlier assessment year, it shall be furnished in the appropriate form as applicable in that assessment year”.
Section 148 of the Income Tax Act
As per section 148 of the IT Act, any calculation which is not then re-calculated or examined shall post a notice from the IT council. This will be stated that an assessing officer shall get in touch with the taxpayer.
Section 148 of the income tax act handles the issuance of the notice in which any income has gone without any examination. This section specified that an assessing officer shall suggest the taxpayer through question through providing him or her a notice in which he or she shall be needed to give the following:
Both Individuals Income Returns
The income tax returns of the individual rather than the taxpayers in question who is deemed to be approachable according to the procurement of the act in the year before the assessment year of accordance.
