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Income Tax - Highlights / Catch Notes

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CBDT issued Income-tax (Sixteenth Amendment) Rules, 2025, ...


Tax Reporting Overhaul: CBDT Amends ITR-6 Form with Retrospective Effect from April 1, 2025, Enhancing Compliance Mechanisms

May 8, 2025

Notifications     Income Tax

CBDT issued Income-tax (Sixteenth Amendment) Rules, 2025, amending Form ITR-6 in Income-tax Rules, 1962. The amendment takes effect from 1st April, 2025, with retrospective application. The notification, issued under sections 139 and 295 of Income-tax Act, 1961, introduces modifications to tax reporting requirements. An explanatory memorandum confirms no adverse impact on taxpayers. The amendment aims to streamline income tax documentation and reporting procedures for specified entities.

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