Income Tax Act, 2025  ·  Chapter XV — Assessment  ·  Section 265

Section 265
Return by whom to be verified

IT Act 2025 Chapter XV Effective 1 April 2026 Old: 374 140
New Provision
Section 265, IT Act 2025
Replaces (IT Act 1961)
374 140
Chapter
Chapter XV — Assessment
Effective From
1 April 2026
Statutory Text — Section 265

The return of income under section 263 required to be furnished by the person specified in column B of the Table below shall be verified by the person specified in corresponding entry in column C of the said Table: Table Sl. Person furnishing To be verified No. return of income A B C 1. An individual. (i) By the individual himself; (ii) where the individual is mentally incapacitated from attending to his affairs, by his guardian or any other person competent to act on his behalf; (iii) where, for any other reason, it is not possible for the individual to verify the return, by any person duly authorised by him through a valid power of attorney. 2. A Hindu undivided (i) By the karta; family. (ii) where the karta is absent from India or is mentally incapacitated from attending to his affairs, by any other adult member of such family. 3. A company in cases (i) By the managing director of the other than those company; mentioned at serial (ii) where there is no managing director, numbers 4, 5, 6 and 7. or the managing director is not able to verify the return due to any unavoidable reason, by any director of the company or any other person as may be prescribed for verifying the return. 4. A company not being By any person holding a valid power of resident in India. attorney from the company to do so. 5. A company which is By the liquidator as referred to in being wound up by section 322(1). orders of the Court or otherwise, or where any person has been appointed as receiver of any assets of the company.

Sl. Person furnishing To be verified No. return of income A B C 6. A company whose By the principal officer of the company. management has been taken over by the Central Government or any State Government under any law. 7. A company, for which By the insolvency professional appointed application seeking by such Adjudicating Authority, where— corporate insolvency “Insolvency professional” and resolution process has “Adjudicating Authority” shall have the been admitted by the same meanings as assigned to them Adjudicating Authority respectively in sections 3(19) and 5(1) of under section 7 or 9 or 10 the Insolvency and Bankruptcy Code, of the Insolvency and 2016 (31 of 2016). Bankruptcy Code, 2016 (31 of 2016). 8. A firm. (i) By the managing partner of the firm; (ii) where the managing partner is not able to verify the return due to any unavoidable reason, or there is no managing partner as such, by any partner of the firm, not being a minor. 9. A limited liability (i) By the designated partner of the limited partnership. liability partnership; (ii) where the designated partner of the limited liability partnership is not able to verify the return due to any unavoidable reason, or where there is no designated partner, by any partner of the limited liability partnership or any other person as may be prescribed for verifying the return. 10. A local authority. By the principal officer of the local authority. 11. A political party as By the chief executive officer of such referred to in section political party (whether the chief 263(1)(a)(iii). executive officer is known as secretary or by any other designation). 12. Any other association. (i) By any member of the association; or (ii) by the principal officer of the association.

Sl. Person furnishing To be verified No. return of income A B C 13. Any other person. (i) By the person himself; or (ii) by any person competent to act on his behalf.

Shahi & Co. — Our Understanding
This section falls under Chapter XV which governs the assessment process — how the Income Tax Department examines, processes, and finalises your tax return.
Practical Note: Understanding assessment provisions is important for responding to notices and maintaining proper records. The faceless assessment scheme (Section 273) continues under the new Act, requiring all responses through the online portal.
Shahi & Co., Chartered Accountants
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Disclaimer: This is a reproduction of Section 265 of the Income Tax Act, 2025 (No. 30 of 2025) as published in the Official Gazette of India (CG-DL-E-22082025-265620) for informational and reference purposes only. Shahi & Co., Chartered Accountants makes no warranty as to completeness or accuracy. For the official authenticated text refer to egazette.gov.in or incometaxindia.gov.in. This does not constitute legal or tax advice.