Ministry of Finance, through Notification No. 14/2025 dated 7th February 2025, has issued amendments to the Income-tax Rules, 1962, under section 285 and section 295 of the Income-tax Act, 1961. The changes specifically affect the filing requirements for liaison offices. Rule 114DA has been updated to mandate the submission of Form No. 49C within eight months from the end of the financial year. Additionally, the notification introduces a revised Form No. 49C format in Appendix-II. The form now includes a detailed verification section requiring the declarant to confirm the accuracy of the provided details, such as their Permanent Account Number (PAN) or Aadhaar number. The declarant must also state their capacity to submit and verify the form. This amendment simplifies compliance for liaison offices while ensuring accurate reporting under the Income-tax Act. The revised rules take effect immediately upon their publication in the Official Gazette.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 14/2025 – Income Tax | Dated: 7th February, 2025
G.S.R. 125(E).—In exercise of the powers conferred by section 285 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 (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,–
(a) in rule 114DA, in sub-rule (1), for the words, figures and letter “Form No. 49C”, the words, figures and letter “Form No. 49C within eight months from the end of such financial year” shall be substituted;
(b) in Appendix-II, for Form No. 49C, the following shall be substituted, namely:-
Verification
I, ………………………… [full name in block letters] ……………………………. son/daughter of……………………………………………………. holding Permanent Account Number or Aadhaar Number………………………………………………………….. solemnly declare that to the best of my knowledge and belief, the information given in the form is correct and complete and that the other particulars shown therein are truly stated. I further declare that I am submitting this form in my capacity as …………………………………… and I am also competent to make this submission and verify it. Verified today the………………………………………. day of…………………………………….
Place
Signature of Authorised Signatory
Name…………………………………. ”.
[F. No. 370142/2/2025-TPL]
SOURABH JAIN, Under Secy.
Note. – 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 number G.S.R. 121(E), dated the 07th February, 2025.
