MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICAION

New Delhi, the 1st May, 2025  

No. 42/2025

  G.S.R  286(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.   (1) These rules may be called the Income-tax (Fourteenth Amendment) Rules, 2025.

      (2) They shall come into force with effect from the 1^st day of April, 2025.

2.  In the Income-tax Rules, 1962, in Appendix-II, for FORM ITR-5, the following FORM shall be substituted, namely: —

FORM ITR-5

[F. No. 370142/17/2025-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  279(E), dated the 30^th April, 2025.

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