CBDT notifies Twenty-First Amendment to Income-tax Rules; Key changes related to Appendix-II, Form No. 7
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.
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