The Central Board of Direct Taxes (CBDT) under the Ministry of Finance has issued Notification No. 136/2025 dated August 21, 2025, announcing amendments to the Income-tax Rules, 1962.
As per the notification, the amendments will be called the Income-tax (Twenty-Fourth Amendment) Rules, 2025 and will take effect from the date of their publication in the Official Gazette.
The key changes introduced under Rule 21AIA are:
- Omission of Sub-rule (4).
- Substitution of the existing Explanation with a new one, clarifying that the term “specified fund” will carry the same meaning as assigned in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Income-tax Act, 1961.
In exercise of the powers conferred by 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 the Income-tax Rules, 1962, namely:—
(1) These rules may be called the Income-tax (Twenty-Fourth Amendment) Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette.
In the Income-tax Rules, 1962, in rule 21AIA, –
(a) sub-rule (4) shall be omitted;
(b) for the Explanation, the following Explanation shall be substituted, namely:—
“Explanation.—For the purpose of this rule, the expression “specified fund” shall have the same meaning as assigned to it in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Act.”.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/08/136.pdf
