CBDT Updates Income-tax Rules: Form 7 Amended to Cover Block Period Assessments:

CBDT Updates Income-tax Rules: Form 7 Amended to Cover Block Period Assessments The Central Board of Direct Taxes (CBDT) under the Ministry of Finance recently shared a notification on August 14, 2025. In powers given by section 295 read with section 156 of the Income Tax Act 1961, the Central Board of Direct Taxes makes the below-mentioned rules to change the Income Tax Rules, 1962:- 1. (a)These rules will be known as the Income tax Twenty First Amendment Rules, 2025. (b) They will come into effect from September 1, 2025.

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2. In the Income tax Rules, 1961, in Appendix-II, in Form No. 7, in paragraph 1, for the words "assessment year...a sum", the words "assessment year...or the block period...as the case may be, a sum" will be replaced. Note: For complete details refer to the below-mentioned notification-