MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 7th May, 2025

No. 45/2025

G.S.R. 294(E).— In exercise of the powers conferred by section 139 read with 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 Incometax Rules, 1962, namely:-

1.   (1) These rules may be called the Income-tax (Seventeenth Amendment) Rules, 2025.

       (2) They shall be deemed to have come into force on the 1^st day of April, 2025.

2.    In the Income-tax Rules, 1962, in Appendix II,––

a.    for FORM ITR-V, the following FORM shall be substituted, namely: —

FORM ITR-V

 [F. No. 370142/21/2025-TPL]

SURBENDU THAKUR, Under Secy., Tax Policy and Legislation

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section(ii) vide number S.O. 969(E), dated the 26th March, 1962 and was last amended vide notification GSR 290(E), dated the 06 May, 2025.

Explanatory Memorandum- It is hereby certified that no person shall be adversely affected by giving retrospective effect to these rules.