The Central Board of Direct Taxes (CBDT) vide Notification No. 132/2025 dated August 14, 2025 notified the Income-tax (Twenty-First Amendment) Rules, 2025, exercising powers under section 295 read with section 156 of the Income-tax Act, 1961.
The amended rules will come into effect from September 1, 2025.
As per the notification, a key change has been introduced in Appendix-II, FORM NO. 7 of the Income-tax Rules, 1962. In paragraph 1, the words “assessment year… a sum” have been replaced with “assessment year… or the block period…, as the case may be, a sum”.
The amendment aims to provide clarity and accommodate references to both assessment years and block periods, wherever applicable.
The last amendment to the Income-tax Rules, 1962, was made vide GSR 503(E) dated July 28, 2025.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/08/CBDT-NOTIFICATION-No.-132.pdf
