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ITA 2025 regimeRules 2026 commentaryVolume IV1 min read

Income Tax Rules 2026 — Rules 22-48 (Vol IV)

Rules 22-48

RULES 22 TO 48 — PROFITS AND GAINS OF BUSINESS OR PROFESSION INCOME-TAX ACT, 2025 INCOME-TAX ACT, 1961 Rule 22 — Bank advances ( s. 31 ) Rule 6ABA Rule 23 — ZCB discount ( s. 32(d) ) Rule 8B Rule 25 — Depreciation rates ( s. 33 ) Rule 5 + Appendix I Rule 26 — Cash disallowance exceptions ( s.…

RULES 22 TO 48 — PROFITS AND GAINS OF BUSINESS OR PROFESSION

Volume IV — At a Glance

INCOME-TAX ACT, 2025

INCOME-TAX ACT, 1961

Rule 22 — Bank advances (s. 31)

Rule 6ABA

Rule 23 — ZCB discount (s. 32(d))

Rule 8B

Rule 25 — Depreciation rates (s. 33)

Rule 5 + Appendix I

Rule 26 — Cash disallowance exceptions (s. 36(4))

Rule 6DD

Rule 27 — Preliminary expenses (s. 44)

Rule 6AB

Rules 29-40 — R&D / agricultural extension / skill development

Rules 5C-5I, 6A-6AAD

Rule 41 — Spectrum fee (s. 52)

Rule 6AAH

Rule 42 — Bad debt interest (s. 56)

Rule 6EA

Rule 46 — Books of account (s. 62)

Rule 6F

Rule 47 — Tax audit (s. 63) — Forms 3CA/3CB/3CD

Rule 6G

Rule 48 — Electronic modes

Rule 6ABBA

Practitioner notes

  • Depreciation Table — verify rates annually; FA 2017 lowered computers from 60% to 40%; FA 2021 disqualified goodwill; track every amendment.
  • Form 3CD updates annually — the most-amended audit annexure; client engagement letters should commit to current-year compliance.
  • Books of account 6-year preservation; extended to 10 years where reassessment under s. 287/288 is pending.
  • Rule 48 — "electronic mode" is the gating definition for cash-disallowance and cash-transaction-prohibition provisions; train clients on permissible modes.

— End of Rules Volume IV —

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