CBDT Updates Income-tax Rules: Form 7 Amended to Cover Block Period Assessments

CBDT Updates Income-tax Rules: Form 7 Amended to Cover Block Period Assessments

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance recently shared a notification on August 14, 2025. In powers given by section 295 read with section 156 of the Income Tax Act 1961, the Central Board of Direct Taxes makes the below-mentioned rules to change the Income Tax Rules, 1962:-

1. (a)These rules will be known as the Income tax Twenty First Amendment Rules, 2025.

(b) They will come into effect from September 1, 2025.

2. In the Income tax Rules, 1961, in Appendix-II, in Form No. 7, in paragraph 1, for the words “assessment year…a sum”, the words “assessment year…or the block period…as the case may be, a sum” will be replaced.

Note: For complete details refer to the below-mentioned notification-