**Summary:**
This notification, G.S.R. 566(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, introduces the Income-tax Twenty-Fourth Amendment Rules, 2025. The amendment, enacted under the powers conferred by Section 295 of the Income-tax Act, 1961 (43 of 1961), modifies the Income-tax Rules, 1962.
Specifically, the amendment concerns Rule 21AIA of the Income-tax Rules, 1962. The changes involve the omission of sub-rule (4) and the substitution of the Explanation to the rule. The revised Explanation clarifies the definition of "specified fund," aligning it with the meaning assigned in sub-clause (i) of clause (c) of the Explanation to clause (4D) of Section 10 of the Act.
These rules came into force on August 21, 2025, the date of their publication in the Official Gazette.
The notification number is 1362025/F. No. 370142292025/TPL. Further information can be obtained from Rohit Singh, Under Secretary, Tax Policy and Legislation.
The original Income-tax Rules, 1962, were published under number S.O. 969(E), dated March 26, 1962, and were last amended vide notification number G.S.R. 564(E), dated the 20th August, 2025.
Key Entities Referenced
Central Board of Direct Taxes: A government organization under the Department of Revenue, Ministry of Finance, responsible for direct tax administration in India.
Incometax Act, 1961: The primary legislation governing income tax in India.
Incometax Rules, 1962: The rules framed under the Incometax Act, 1961 to provide detailed procedures for the implementation of the Act's provisions.
Incometax TwentyFourth Amendment Rules, 2025: The specific amendment to the Incometax Rules, 1962 being introduced through this notification.
Ministry of Finance: A ministry in the Government of India responsible for the country's finances.
Department of Revenue: A department under the Ministry of Finance responsible for tax collection.
New Delhi: The capital city of India and the location of the Ministry of Finance and Central Board of Direct Taxes.
Rohit Singh: Under Secretary, Tax Policy and Legislation.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-21082025-265599
xxxGIDHxxx
CG-DLxx-ExG-I2D1E0x8x2x0 25-265599
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 522] नई दिल्ली, बृहस्ट्प जतिार, अगस्ट्त 21, 2025/श्रािण 30, 1947
No. 522] NEW DELHI, THURSDAY, AUGUST 21, 2025/SHRAVANA 30, 1947
जित्त मत्रं लाय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्य क्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 21 अगस्ट्त, 2025
आय-कर
सा.का.जन. 566(अ).— केन्द द्रीय प्रत्यक्ष कर बोडड, आय-कर अजधजनयम, 1961 (1961 का 43) की धारा 295 द्वारा
प्रित् त िजत यों का प्रयोग करत े हुए, आय-कर जनयम, 1962 का और संिोधन करन े के जलए जनम्नजलजखत जनयम बनाता है,
अर्ाडत:् -
1. (1) इन जनयमों का संजक्षप्त नाम आय-कर (चौबीसिां संिोधन) जनयम, 2025 ह ै।
(2) य ेइनके रािपत्र में प्रकािन की तारीख को प्रिृत्त होंगे।
2. आय-कर जनयम, 1962 म,ें जनयम 21कझक म,ें-
(क) उपजनयम (4) का लोप दकया िाएगा;
(ख) स्ट्पष्टीकरण के स्ट्र्ान पर, जनम्नजलजखत स्ट्पष्टीकरण रखा िाएगा, अर्ातड ्:-
5585 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“स्ट्पष्टीकरण.- इस जनयम के प्रयोिन के जलए “जिजनर्िडष्ट जनजध” पि का िही अर्ड होगा िो अजधजनयम की
धारा 10 के खंड (4घ) के स्ट्पष्टीकरण के खंड (ग) के उपखडं (i) में उसका ह ै।”।
[अजधसूचना स ं 136/2025/फा. स.ं 370142/29/2025-टीपीएल]
रोजहत ससंह, अिर सजचि, कर नीजत और जिधान
टटप्पण: आय-कर जनयम, 1962 भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (ii) म ें संखयांक का.आ. 969(अ),
तारीख 26 माच,ड 1962 द्वारा प्रकाजित दकए गए र् े और अंजतम बार अजधसूचना संखयांक सा.का.जन. 564(अ),
तारीख 20 अगस्ट्त, 2025 द्वारा संिोजधत दकए गए र् े।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 21st August, 2025
INCOME-TAX
G.S.R. 566(E).— In exercise of the powers conferred by 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-Fourth 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 rule 21AIA, –
(a) sub-rule (4) shall be omitted;
(b) for the Explanation, the following Explanation shall be substituted, namely:—
“Explanation.—For the purpose of this rule, the expression "specified fund" shall have the same
meaning as assigned to it in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section
10 of the Act.”.
[Notification No. 136/2025/F. No. 370142/29/2025-TPL]
ROHIT SINGH, Under Secy., Tax Policy and Legislation
Note: The Income-tax Rules, 1962 was published in the Gazette of India, Extraordinary, Part II, section 3,
sub-section (ii) vide number S.O. 969 (E), dated the 26th March, 1962 and was last amended vide notification
number G.S.R. 564(E), dated the 20th August, 2025.
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