The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has notified the Income-tax (Seventeenth Amendment) Rules, 2025 via Notification No. 45/2025 dated May 7, 2025. The amendment revises the formats of ITR-V (Verification Form) and ITR-Acknowledgement under Rule 12 of the Income-tax Rules, 1962. These changes are deemed effective from April 1, 2025, and apply to the Assessment Year (AY) 2025-26.
Key Highlights
Revised ITR-V (Verification Form)
The updated ITR-V is meant for cases where the return of income is filed in ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4 (SUGAM), ITR-5, or ITR-7 but has not been verified electronically. The revised form includes:
- PAN, name, and assessment year
- E-filing acknowledgement number
- A solemn verification declaration
- Mandatory digital signature or EVC/OTP-based verification
- IP address and system-generated barcode/QR code for authentication
Taxpayers are encouraged to complete e-verification using Aadhaar OTP, net banking, pre-validated bank/Demat accounts, or EVC via bank ATM. Alternatively, the signed ITR-V can be sent via Speed Post only to the CPC, Bengaluru.
New Acknowledgement Format
For returns filed and verified electronically, a new Acknowledgement format has been introduced. It includes:
- Detailed tax computation: total income, MAT/AMT applicability, tax payable/refundable
- Accreted income and tax details under ections 115TD, 115TE
- E-verification method used
- IP address and timestamp of the return filing
- Explicit instruction not to send this acknowledgement to CPC, Bengaluru
Administrative Notes
- The revised forms aim to enhance clarity, digital verification, and processing speed.
- The retrospective application of these rules has been certified to not adversely affect any taxpayer.
- This move aligns with the government's ongoing efforts to streamline tax compliance and reduce paper-based interactions.
Conclusion
Taxpayers filing returns for AY 2025-26 must ensure they use the newly notified forms and adhere to the revised verification procedures. Non-compliance or delay beyond the 30-day window may result in the return being treated as filed late, attracting penalties under the Income-tax Act.
Official copy of the notification has been attached
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