https://www.taxtmi.com/highlights?id=91672 The tax authority issued the Income-tax (Twenty-First Amendment) Rules, 2025, effective 1 September 2025, amending the Income-tax Rules, 1962. The amendment revises Appendix-II, FORM NO. 7, paragraph 1, by replacing "assessment year...a sum" with wording that adds "or the block period..., as the case may be, a sum," thereby explicitly allowing sums to be stated for block periods as well as assessment years; the rules are promulgated under powers conferred by sections 295 and 156 of the Income-tax Act. en-us Tue, 19 Aug 2025 18:20:00 +0530 Tue, 19 Aug 2025 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91672 The tax authority issued the Income-tax (Twenty-First Amendment) Rules, 2025, effective 1 September 2025, amending the Income-tax Rules, 1962. The amendment revises Appendix-II, FORM NO. 7, paragraph 1, by replacing "assessment year...a sum" with wording that adds "or the block period..., as the case may be, a sum," thereby explicitly allowing sums to be stated for block periods as well as assessment years; the rules are promulgated under powers conferred by sections 295 and 156 of the Income-tax Act. Highlights Income Tax Tue, 19 Aug 2025 18:20:00 +0530 https://www.taxtmi.com/highlights?id=91672