This notification, G.S.R. 564(E), issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance on August 20, 2025, introduces the Income-tax Twenty-Third Amendment Rules, 2025. These rules, which take effect on the date of publication in the Official Gazette, amend the Income-tax Rules, 1962. Specifically, the amendment modifies FORM No. 10CCF in APPENDIX II, ANNEXURE A, serial number 6 and 9, by clarifying the definition of "gross income" and "gross eligible income" for IFSC Insurance Offices undertaking insurance business. The notification references the powers conferred by clause (i) of subsection (3) of section 80LA, read with section 295 of the Income-tax Act, 1961 (43 of 1961). The notification number is 1352025/F. No. 370142332025TPL, and it is signed by Kritika Jain, Under Secretary, Tax Policy and Legislation. The principal rules were published under notification number S.O. 969(E), dated the 26th March, 1962 and were last amended vide notification number G.S.R 555(E), dated the 18th August, 2025.
Key Entities Referenced
Income-tax Act, 1961: A law that is being amended through this notification. Section 80LA and 295 are specifically mentioned.
Central Board of Direct Taxes: The organization issuing the notification and making amendments to the Income-tax Rules.
Income-tax Rules, 1962: The set of rules being amended by this notification.
New Delhi: The location of the Ministry of Finance where the notification was issued. This is the Capital of India, New Delhi.
Ministry of Finance: The government ministry under which the Department of Revenue and Central Board of Direct Taxes operate.
Incometax TwentyThird Amendment Rules, 2025: The specific name given to the amendment rules being introduced.
FORM No. 10CCF: A specific form within APPENDIX II of the Incometax Rules, 1962 that is being modified.
IFSC Insurance Office: A type of unit undertaking insurance business, specifically related to provisions for profit calculation as per section 44.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-20082025-265559
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CG-DLxx-ExG-I2D0E0x8x2x0 25-265559
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 520] नई दिल्ली, बुधिार, अगस्ट्त 20, 2025/श्रािण 29, 1947
No. 520] NEW DELHI, WEDNESDAY, AUGUST 20, 2025/SHRAVANA 29, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 20 अगस्ट्त, 2025
सा.का.जन. 564(अ).— केंद्रीय प्रत्यक्ष कर बोडड, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 295 के साथ
पठित धारा 80(िक) की उपधारा(3) के खंड(i) द्वारा प्रित्त िजियों का प्रयोग करते हुए, आय-कर जनयम 1962 का और
संिोधन करने के जलए जनम्नजलजखत जनयम बनाता है, अथाडत्:-
1. (1) इन जनयमों का संजक्षप्त नाम आय-कर (तेईसिााँ संिोधन) जनयम 2025 ह ै।
(2) य ेरािपत्र में इनके प्रकािन की तारीख को प्रिृत्त होंगे ।
2. आयकर जनयम, 1962 के पठरजिस्ट्ट 2 के प्रारूप 10(गगछ) के उपबंध क में,-
(क) क्रम संख्या 6 म,ें "धारा 80एलए की उपधारा (2) म ें (रुपये में)" िब्िों, कोष्ठकों, अंकों और अक्षरों के पश्चात,
"(यदि इकाई आईएफएससी बीमा कायाडलय ह ै और बीमा कारोबार करती ह,ै तो "सकल आय" का अथ ड आयकर
5548 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
अजधजनयम, 1961 की धारा 44 और प्रथम अनुसूची के उपबधं ों के अनुसार गणना दकए गए लाभ और अजभलाभ
होंगे)" कोष्ठक, िब्ि, अंक और अक्षर अतं :स्ट्थाजपत दकए िाएंग;े
(ख) क्रम संख्या 9 म,ें िब्ि, कोष्ठक और अंक "सकल पात्र आय (मि 8) (रुपये म)ें " के पश्चात् कोष्ठक, िब्ि, अक्षर
और अंक "(यदि इकाई आईएफएससी बीमा कायाडलय ह ै और बीमा कारोबार करती है, िहा ं लाभ और अजभलाभ
की गणना आयकर अजधजनयम, 1961 की धारा 44 और प्रथम अनुसूची के प्रािधानों के अनसु ार की िाती ह,ै तो
इस क्षेत्र को िन्ू य के रूप में प्रस्ट्तुत दकया िा सकता ह)ै " को सजममजलत दकया िाएगा।
[अजधसूचना स.ं 135/2025/फा. सं. 370142/33/2025-टीपीएल]
कृजतका िैन, अिर सजचि, कर नीजत और जिधान
ठटप्पण : मूल जनयम भारत के रािपत्र, साधारण, भाग-II, खंड 3, उपखडं (ii) में अजधसूचना संख्या का.आ. 969(अ)
तारीख 26 माच,ड 1962 द्वारा प्रकाजित दकए गए थे और अंजतम संिोधन अजधसूचना संख्या सा.का.जन. 555(अ)
तारीख 18 अगस्ट्त, 2025 द्वारा दकया गया।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 20th August, 2025
G.S.R. 564(E).— In exercise of the powers conferred by clause (i) of sub-section (3) of section 80LA, 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 (Twenty-Third 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, in APPENDIX II, in FORM No. 10CCF, in ANNEXURE A, –
(a) in serial number no. 6, after the words, brackets, figures and letters “in sub-section (2) of section 80LA
(in Rs.)”, the brackets, words, letters and figures, “(In case of the Unit being an IFSC Insurance Office
undertaking insurance business, the “gross income” will mean to be the profit and gains calculated as per
the provisions of section 44 and the First Schedule of the Income-Tax Act)” shall be inserted;
(b) in serial number no. 9, after the words, brackets and figures “gross eligible income (item 8) (in Rs.)”
the brackets, words, letters and figures may be inserted “(In case of the Unit being an IFSC Insurance Office
undertaking insurance business, where the profit and gains are calculated as per the provisions of section
44 and the First Schedule of the Income-Tax Act, this field may be submitted as Nil)” shall be inserted.
[Notification No. 135/2025/F. No. 370142/33/2025-TPL]
KRITIKA JAIN, Under Secy., Tax Policy and Legislation
Note: The 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 were last amended vide notification
number G.S.R 555(E), dated the 18th August, 2025.
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