Gazette Tracker
Gazette Tracker

Core Purpose

Notification by the Central Board of Direct Taxes making the Income-tax (Seventeenth Amendment) Rules, 2025 to further amend the Income-tax Rules, 1962.

Detailed Summary

The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, in exercise of powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), hereby makes the Income-tax (Seventeenth Amendment) Rules, 2025. These rules are deemed to have come into force on the 1st day of April, 2025. The amendment substitutes Appendix II of the Income-tax Rules, 1962. Specifically, it substitutes the existing FORM ITR-V with a new FORM ITR-V and the existing FORM ITR-Ack with a new FORM ITR-Ack, both applicable for Assessment Year 2025-26. The notification provides instructions for using FORM ITR-V, including electronic verification methods and the procedure for sending the physical form (duly signed, preferably in blue ink) to the "Centralized Processing Centre, Income Tax Department, Bengaluru 560500", by SPEED POST ONLY. It clarifies that FORM ITR-V will not be received in any other office or manner. It also specifies that if ITR data is transmitted electronically and ITR-V is submitted within 30 days, the transmission date is the date of furnishing; if submitted beyond 30 days, the ITR-V submission date is treated as the furnishing date with consequences for late filing. FORM ITR-Ack is the acknowledgement for filed and verified returns. The principal rules were published vide S.O. 969(E), dated 26th March, 1962, and last amended vide GSR 290(E), dated 06 May, 2025. An Explanatory Memorandum certifies that no person shall be adversely affected by the retrospective effect of these rules. The notification is numbered G.S.R. 294(E) and dated 7th May, 2025, issued under F. No. 370142/21/2025-TPL and signed by Surbendu Thakur, Under Secretary, Tax Policy and Legislation.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-07052025-262952 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 251] NEW DELHI, WEDNESDAY, MAY 7, 2025/VAISAKHA 17, 1947 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 Income- tax 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 1st 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 |Assessment Year | |ITR-V |2025-26 | | | | | INDIAN INCOME TAX RETURN VERIFICATION FORM | | | | | |[Where the data of the Return of Income in Form ITR-1 (SAHAJ),| | |ITR-2, ITR-3, ITR-4(SUGAM), ITR-5, ITR-7 filed but NOT | | |verified electronically] | | |(Please see rule 12 of the Income-tax Rules, 1962) | | +-------------------------------------------------------------+-----------------+ |Name | | +-------------------------------------------------------------+-----------------+ |PAN |Form Number | | +-------------------------------------+----------------------+-----------------+ |Filed u/s |e-Filing Acknowledgement Number| | +-------------------------------------+----------------------+-----------------+ | VERIFICATION | +-----------------------------------------------------------------------------+ |I, son/ daughter of | |the information given in the return which has been submitted by me vide acknowledgement number| |is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961.| | | |I further declare that I am making this return in my capacity as and I am also competent to| |make this return and verify it. I am holding permanent account number . | +-----------------------------------------------------------------------------+ |Signature | +-----------------------------------------------------------------------------+ |Date of |Source IP address | |submission | | +---------------------+-----------------------------------------------------+ |System Generated Barcode/QR Code | +-----------------------------------------------------------------------------+ Instructions: 1. Please e- verify the electronically transmitted return data using Aadhaar OTP or Login to e-Filing account through Net-Banking login or EVC generated using Pre-Validated Bank Account/ Demat Account or EVC generated through Bank ATM. Alternately, you may send the duly signed (preferably in blue ink) Form ITR-V to "Centralized Processing Centre, Income Tax Department, Bengaluru 560500”, by SPEED POST ONLY. 2. Form ITR-V shall not be received in any other office of the Income-tax Department or in any other manner. The confirmation of receipt of this Form ITR-V at ITD-CPC will be sent to the e-mail Id registered in the e-filing account. 3. On successful verification, the return filing acknowledgement can be downloaded from e-Filing portal as a proof of completion of process of filing the return of Income. 4. Please sign only in the box provided for signature. Signature anywhere else other than the box provided can render the ITR-V invalid. 5. Where ITR data is electronically transmitted and ITR-V is submitted within 30 days of transmission of data - in such cases the date of transmitting the data electronically shall be considered as the date of furnishing the return of income. 6. Where ITR data is electronically transmitted but ITR-V is submitted beyond the time-limit of 30 days of transmission of data - in such cases the date of ITR-V submission shall be treated as the date of furnishing the return of income and all consequences of late filing of return under the Act shall follow."; (b) for FORM ITR- Ack, the following FORM shall be substituted, namely: +-----------------------------------------------------------------------------+-----------------+ |"INDIAN INCOME TAX RETURN ACKNOWLEDGEMENT |Assessment Year | |[Where the data of the Return of Income in Form ITR-1 (SAHAJ), ITR-2, |2025-26 | |ITR-3, ITR-4(SUGAM), ITR-5, ITR-6, ITR-7 filed and verified] | | |(Please see rule 12 of the Income-tax Rules, 1962) | | +-----------------------------------------------------------------------------+-----------------+ |PAN | | +-----------------------------------------------------------------------------+-----------------+ |Name | | +-----------------------------------------------------------------------------+-----------------+ |Address | | +-----------------------------------------------------------------------------+-----------------+ |Status |Form Number | | +-------------------------------------+---------------------------------------+-----------------+ |Filed u/s |e-Filing Acknowledgement Number | | +-------------------------------------+---------------------------------------+-----------------+ | |Current Year business loss, if any |1 | +-------------------------------------+---------------------------------------+-----------------+ | |Total Income |1A | +-------------------------------------+---------------------------------------+-----------------+ | |Book Profit under MAT, where applicable|2 | +-------------------------------------+---------------------------------------+-----------------+ | |Adjusted Total Income under AMT, where applicable|3 | +-------------------------------------+---------------------------------------+-----------------+ |Taxable Income and Tax |Net tax payable |4 | |details |Interest and Fee Payable |5 | +-------------------------------------+---------------------------------------+-----------------+ | |Total tax, interest and Fee payable |6 | +-------------------------------------+---------------------------------------+-----------------+ | |Taxes Paid |7 | +-------------------------------------+---------------------------------------+-----------------+ | |(+)Tax Payable /(-)Refundable (6-7) |8 | +-------------------------------------+---------------------------------------+-----------------+ | |Accreted Income as per section 115TD |9 | +-------------------------------------+---------------------------------------+-----------------+ |Accreted |Additional Tax payable u/s 115TD |10 | |Income and Tax |Interest payable u/s 115TE |11 | |Detail |Additional Tax and interest payable |12 | +-------------------------------------+---------------------------------------+-----------------+ | |Tax and interest paid |13 | +-------------------------------------+---------------------------------------+-----------------+ | |(+)Tax Payable /(-)Refundable (12-13) |14 | +-------------------------------------+---------------------------------------+-----------------+ |Income Tax Return electronically transmitted on DD-MM-YYYY 00:00:00 from IP address | | and verified by having PAN on | | * using paper ITR-Verification Form / Electronic Verification Code| | generated through mode | +--------------------------------------------------------------------------------------------+ |System Generated Barcode/QR Code | +--------------------------------------------------------------------------------------------+ *Strike off whichever is not applicable DO NOT SEND THIS ACKNOWLEDGEMENT TO CPC, BENGALURU". [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.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free