Central Board of Direct Taxes (CBDT) issued notification no. 132/2025 dated 14.08.2025 to make the following rules further to amend Income tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (Twenty-First Amendment) Rules, 2025.
(2) They shall come into force on the 1st day of September, 2025.
2. In the Income-tax Rules, 1962, in Appendix-II, in FORM NO. 7, in paragraph 1, for the words “assessment year…….a sum”, the words “assessment year……… or the block period………., as the case may be, a sum” shall be substituted.
Note:- The Income-tax Rules, 1962 were published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide notification S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification GSR 503(E), dated the 28th July, 2025.
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