Income-tax (twelfth Amendment) Rules, 2025 - Amendment of Rule 12, Return of income and Rule 11B, Conditions for allowance for deduction under section 80GG and Income Tax Return forms ITR-1 and ITR-4 replaced

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...., the 29th April, 2025 G.S.R. 271(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. Short title and commencement. - (1) These rules may be called the Income-tax (twelfth Amendment) Rules, 2025. (2) T....

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....r the words, figures and letters "in the case of a person being an individual or a Hindu undivided family, who is a resident other than not ordinarily resident, or a firm, other than limited liability partnership firm, which is a resident deriving income under the head "Profits or gains of business or profession" and such income is computed in accordance with special provisions referred to in sect....

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....and rupees, be in Form SUGAM (ITR-4) and be verified in the manner indicated therein" shall be substituted; (b) in sub-rule (5), for the figures "2023", the figures "2024" shall be substituted. 3. In the principal rules, in rule 11B, after the words, figures and letters "Form No. 10BA", the words "and furnish the same along with the return of income" shall be inserted. 4. In the principal rul....