CBDT notifies Above ITR Forms:

 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 (twelfth Amendment) Rules, 2025.

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

2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12,-…………

 3.  In the principal rules, in Appendix-II, for Forms ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V and Indian Income Tax Return Acknowledgement, the following Forms shall, respectively, be substituted, namely:—

Section 295 Power to make rules.

  (1) The Board may, subject to the control of the Central Government,

Øby notification in the Gazette of India,

Ømake rules for the whole or any part of India for carrying out the purposes of this Act.

 (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters :—

 (a)  the ascertainment and determination of any class of income;

 (b)  the manner in which and the procedure by which the income shall be arrived at in the case of—

   (i)  income derived in part from agriculture and in part from business;

  (ii)  persons residing outside India;

 (iia) operations carried out in India by a non-resident;

 (iib) transactions or activities of a non-resident;

 (iii)  an individual who is liable to be assessed under the provisions of sub-section (2) of section 64;

Section 139 “Return of income.”

 139. (1) Every person,—

  (a) being a company or a firm; or

  (b) being a person other than a company or a firm,

Øif his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax,

Øshall, on or before the due date,

Øfurnish a return of his income or the income of such other person during the previous year,

Øin the prescribed [Rule12] form and

Øverified in the prescribed manner and

Øsetting forth such other particulars as may be prescribed :