Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 46/2025 dated May 9, 2025, introducing amendments to the Income-tax Rules, 1962. Titled the Income-tax (Eighteenth Amendment) Rules, 2025, the notification exercises powers under sections 139 and 295 of the Income-tax Act, 1961. As per the notification, a revised Form ITR-7 has been introduced, replacing the existing version in Appendix II of the Income-tax Rules. These changes are deemed effective from April 1, 2025.
Form ITR-7 is typically used by entities such as trusts, political parties, institutions, and other organizations that are required to file returns under specific provisions of the Income-tax Act, including sections 139(4A) to 139(4F). The amendment aims to update the structure and reporting requirements of this form, likely in line with evolving compliance standards and digital filing protocols.
The revised form will impact entities required to file ITR-7 by mandating adherence to the new format for all filings from the financial year beginning April 2025. Taxpayers and professionals dealing with such filings are advised to review the updated form and prepare accordingly. The full text and format of the new ITR-7 are available in the official gazette notification issued by the Department of Revenue.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 46/2025-Income Tax | Dated: 9th May, 2025
G.S.R. 303(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 (Eighteenth 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, for FORM ITR-7, the following FORM shall be substituted, namely: –––
[F.No. 370142/18/2025-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 notification number S.O. 969 (E), dated the 26th March, 1962 and was last amended vide notification GSR 294(E), dated the 07th May, 2025.
Explanatory Memorandum: It is hereby certified that no person shall be adversely affected by giving retrospective effect to these rules
