SEO Title: New Income Tax Rule 21AIA Amendment 2025
The Central Board of Direct Taxes has issued a new rule, the Income-tax (Twenty-Fourth Amendment) Rules, 2025, which modifies the existing Income-tax Rules of 1962. This amendment, published on August 21, 2025, specifically targets Rule 21AIA. The change involves two main actions: the removal of sub-rule (4) and a revision of the Explanation section. The amended Explanation now states that the term “specified fund” holds the same definition as it does in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Income-tax Act, 1961. This revision aims to align the definition within Rule 21AIA with the broader statutory definition provided in the Act, thereby ensuring consistency in tax regulations. The amendment became effective upon its publication in the Official Gazette.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 136/2025-Income Tax | Dated : 21st August, 2025
G.S.R. 566(E).— In exercise of the powers conferred by 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 (Twenty-Fourth Amendment) Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Income-tax Rules, 1962, in rule 21AIA, –
(a) sub-rule (4) shall be omitted;
(b) for the Explanation, the following Explanation shall be substituted, namely:—
“Explanation.—For the purpose of this rule, the expression “specified fund” shall have the same meaning as assigned to it in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Act.”.
[Notification No. 136/2025/F. No. 370142/29/2025-TPL]
ROHIT SINGH, Under Secy., Tax Policy and Legislation
Note: The Income-tax Rules, 1962 was 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 number G.S.R. 564(E), dated the 20th August, 2025.
