Income-tax (twelfth Amendment) Rules, 2025 – ITR Forms No. 1 Sahaj and No. 4 (Sugam) for AY 2025-26: Notification No. 40/25 dated 29.04.2025
Income-tax (twelfth Amendment) Rules, 2025 – ITR Forms No. 1 Sahaj and No. 4 (Sugam) for AY 2025-26: Notification No. 40/25 dated 29.04.2025 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th April, 2025 No. 40/2025 G.S.R. 271(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 the Income-tax Rules, 1962, namely:- 1. Short title and commencement. — (1) These rules may be called the Income-tax (twelfth Amendment) Rules, 2025. (2) They shall come into force with effect from the 1st day of April, 2025. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12, –– (a) in sub-rule (1), –– (i) for the figures “2024”, the figures “2025” shall be substituted; (ii) in clause (a), in sub-clause (iii), for the words “does not have any l...