Rules 2026

Income Tax Rules, 2026

The Rules made under the Income Tax Act, 2025. Each rule is deep-linkable, searchable and cross-linked to the parent section it implements.

Rules covered: 333
Range: 1 – 333
Authority: CBDT
In force: 01-Apr-26

333/333

1
Short Title and Commencement
Rules 1-2
Rule 1 of the 2026 Rules mirrors Rule 1 of the 1962 Rules verbatim apart from the change of year and date. The Rules are subordinate legislation issued by the CBDT under section 533 of the 2025 Act (corresponding to section 295 of the…
2
Definitions
Rules 1-2
Rule 2 of the 2026 Rules sets out the four foundational definitions used throughout the Rules: "Act" (the parent statute), "authorised bank" (banks authorised by the RBI to receive tax payments), "Form" (the prescribed forms in Appendix…
3
Indian dividend declaration arrangements (s. 2(42))
Rules 3-14
Rule 3 lists the three arrangements a company must make for declaring and paying dividends within India, as referred to in section 2(42).
4
Recognised stock exchange (s. 2(92)) (range 4–5)
Rules 3-14
Rule 4 sets six conditions a stock exchange must meet in respect of trading in derivatives before it can be treated as a recognised stock exchange under section 2(92).
5
Recognised stock exchange (s. 2(92)) (range 4–5)
Rules 3-14
Rule 5 sets the procedure for applying to the Central Government to have a stock exchange notified as a recognised stock exchange under section 2(92), including the documents to enclose and the six-month decision window.
6
Period of holding (s. 2(101) / s. 67(10))
Rules 3-14
Rule 6 prescribes how the period of holding is determined for certain capital assets under section 2(101)(c)(D), and how amounts taxed under section 67(10) are classified as short-term or long-term capital gains.
7
Zero coupon bond (s. 2(112))
Rules 3-14
Rule 7 sets out how an infrastructure capital company, infrastructure capital fund, infrastructure debt fund or public sector company applies for notification of a zero coupon bond, the conditions the Central Government must be satisfied about, and the follow-up certificate.
8
Seafarer day-count (s. 6(6))
Rules 3-14
Rule 8 excludes, for section 6(6), the period between joining and signing off on an eligible voyage — as entered in the Continuous Discharge Certificate — from the period of stay in India of an Indian citizen who is crew on a foreign-bound ship.
9
NR income determination
Rules 3-14
Rule 9 lets the Assessing Officer estimate a non-resident's income when its actual amount cannot be definitely ascertained, using a percentage of turnover, a proportion of business profits, or another suitable manner.
10
Definitions for Rule 11/12
Rules 3-14
Rule 10 defines the terms used in rules 11 and 12 on fair market value of assets held by a foreign company or entity, including "accountant", "balance sheet", "observable price" and "right of management or control".
11
FMV for indirect transfer
Rules 3-14
Rule 11 sets how the fair market value of assets held directly or indirectly by a foreign company or entity is computed as on the specified date for section 9(10), with separate methods for listed shares, unlisted shares, partnership interests, other assets and the foreign entity's assets taken together.
12
Income attribution to Indian assets (s. 9(10))
Rules 3-14
Rule 12 gives the formula for apportioning income from an offshore transfer of shares or an interest to the assets located in India, requires an accountant's report in Form No. 4, and lets the Assessing Officer decide the manner if the transferor withholds information.
13
SEP thresholds
Rules 3-14
Rule 13 prescribes the two thresholds for significant economic presence under section 9(9)(d): the aggregate payments from transactions with persons in India, and the number of users in India.
14
Section 14A disallowance method
Rules 3-14
Rule 14 prescribes how to work out the expenditure attributable to income that does not form part of total income: expenditure directly relating to that income plus an amount equal to 1% of the annual average of the monthly averages of opening and closing balances of the related investments, capped at the total expenditure claimed.
15
Perquisite valuation
Rules 15-21
Rule 15 is the valuation rule for perquisites in salary: it values rent-free and concessional accommodation, motor cars, utilities and services, and a range of other benefits through four tables, fixes fair market value of employee share options, and defines the terms it uses.
16
RPF / NPS / Super accretion (s. 17(1)(i))
Rules 15-21
Rule 16 gives the formula for the taxable perquisite from annual accretion — interest, dividend or similar amounts — to the credit of the funds or schemes referred to in section 17(1)(h), by reference to employer contributions above the stated limit.
17
Salary income carve-out (s. 17(1)(c)(ii))
Rules 15-21
Rule 17 prescribes the income under the head "Salaries" for section 17(1)(c)(ii).
18
Hospital approval (s. 17(2))
Rules 15-21
Rule 18 sets the requirements a hospital must meet for approval by the Chief Commissioner under section 17(2)(b)(ii), and lists the diseases and ailments prescribed for the exemption of medical-treatment benefits from perquisite value.
19
GTI for s. 17(3)
Rules 15-21
Rule 19 prescribes the gross total income for section 17(3)(b).
20
VRS scheme
Rules 15-21
Rule 20 sets who may claim the deduction for voluntary retirement or separation compensation, the conditions the scheme must satisfy, and the ceiling on the amount, for section 19 [Table: Sl. No. 12].
21
Unrealised rent (s. 21(4))
Rules 15-21
Rule 21 says when rent receivable but not paid counts as rent the owner cannot realise for section 21(4): the tenancy must be bona fide, the tenant gone or being made to go, and the assessee must have taken reasonable steps to recover it.
22
Bank advances
Rules 22-48
Rule 22 sets how the aggregate average advances made by the rural branches of a scheduled bank are computed for the bad and doubtful debt deduction under section 31(1) [Table: Sl. No. 1].
23
ZCB discount (s. 32(d))
Rules 22-48
Rule 23 explains how the pro rata amount of discount on a zero coupon bond for a tax year is worked out for section 32(d): convert the bond's life to calendar months, spread the discount evenly, and multiply by the months falling in the tax year.
24
Infrastructure facility (s. 32(e))
Rules 22-48
Rule 24 lists three conditions a public facility must meet to be notified as an infrastructure facility under section 32(e): ownership, an agreement with a government body, and a start date of operation on or after 1 April 1995.
25
Depreciation rates
Rules 22-48
Rule 25 sets how depreciation under section 33 is calculated: written down value rates from Appendix I for blocks of assets, a 40% ceiling for persons who have taken certain options, actual-cost rates from Appendix II for power undertakings, and a 40% block for plant using technology from certain laboratories.
26
Cash disallowance exceptions (s. 36(4))
Rules 22-48
Rule 26 lists the cases and circumstances in which a payment or aggregate of payments to a person in a day above ten thousand rupees, made otherwise than by a specified banking or online mode or another electronic mode under rule 48, does not attract disallowance under section 36(4) or deemed profits under section 36(5).
27
Preliminary expenses
Rules 22-48
Rule 27 prescribes Form No. 5 for the statement of particulars of preliminary expenditure under section 44(3), for each tax year, to be furnished one month before the return due date.
28
Audit report: preliminary expenses and mineral prospecting (s. 44(6), 51(7))
Rules 22-48
Rule 28 requires the audit report on the accounts of an assessee that is not a company or co-operative society, under section 44(6) or 51(7), to be furnished in Form No. 6.
29
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 29 names the prescribed authority and sets the process for approving in-house research and development facilities of companies for deduction under section 45(2), including the form, the four-month decision period and the conditions on approved facilities.
30
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 30 sets who approves a sponsored scientific research programme under section 45(3)(c), the application in Form No. 7, the two-month decision period, validity of up to five tax years, and the conditions and reports that follow approval.
31
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 31 makes a donation deduction under section 45(4)(a) conditional on the recipient filing Form No. 15 and giving the donor a certificate in Form No. 16, both by 31 May after the tax year of receipt.
32
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 32 sets the application, timing, review and withdrawal procedure for approval under section 45(4)(b) of a research association, University, college or other institution, using Form No. 17.
33
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 33 lists the conditions a research association must meet to be approved for deduction on scientific research expenditure: sole object, own research, audited books, a donations statement, an annual statement of its research, and reports by the Commissioner on defaults.
34
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 34 sets the conditions for approval of a University, college or other institution: sums used for research, research by faculty or enrolled students, separate audited books, a donations statement, an annual research statement, and reports on defaults.
35
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 35 names the Chief Commissioner as prescribed authority for approving a company under section 45(3)(b), sets the application in Form No. 17 and the review steps, caps each approval at five tax years, and lists the conditions the company must keep.
36
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 36 sets the application, review and withdrawal procedure, and the eligibility conditions, for notifying an affordable housing project or a semiconductor wafer fabrication unit as a specified business under section 46(11)(d)(vii) or (xiii).
37
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 37 sets the eligibility conditions, application in Form No. 20, review timetable and revocation procedure for notifying an agricultural extension project under section 47(1)(a), with notification valid for up to three tax years at a time.
38
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 38 sets the conditions on a notified agricultural extension project: separate audited books, a cap on amounts taken from beneficiaries, no benefit to the assessee beyond the deduction, how eligible expenses are computed, and annual filings.
39
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 39 sets the application to the National Council for Vocational Education and Training in Form No. 22, the review and recommendation steps, notification in Form No. 23 for up to three tax years, and revocation, for skill development projects under section 47(1)(b).
40
R&D / agricultural extension / skill development (range 29–40)
Rules 22-48
Rule 40 sets the conditions on a notified skill development project — separate audited books, a six-month limit on training existing employees, how eligible expenses are computed and the annual filing — and defines "eligible company", the National and State Councils and "training institute".
41
Spectrum fee
Rules 22-48
Rule 41 defines "actually paid" for the spectrum fee deduction under section 52(7)(a) read with section 52(1) [Table: Sl. No. 3], separately for upfront and deferred payment, and says what happens if the Department of Telecommunications terminates a deferred-payment allotment.
42
Bad debt interest
Rules 22-48
Rule 42 sets which interest income of public financial institutions, scheduled banks, State financial corporations, State industrial investment corporations and certain housing finance companies falls within the bad and doubtful debt provision in section 56, by categories of overdue loans, accounts and assets.
43
Audit report: royalty and fees for technical services (s. 59(4))
Rules 22-48
Rule 43 requires the audit report of a non-resident (not a company) or a foreign company for computing royalty and fee for technical services, furnished under section 59(4), to be in Form No. 24.
44
Cruise ship operators (s. 61(2))
Rules 22-48
Rule 44 lists four conditions a non-resident engaged in operating cruise ships must satisfy for section 61(2) [Table: Sl. No. 2]: ship size and leisure use, calls at Indian ports, primary use for passengers, and compliance with ministry guidelines.
45
Electronics manufacturing (s. 61(2))
Rules 22-48
Rule 45 sets two conditions for a resident company for section 61(2) [Table: Sl. No. 6]: it must be establishing or operating an electronics manufacturing facility under a notified Central Government scheme, and must stay eligible for that scheme throughout the tax year.
46
Books of account
Rules 22-48
Rule 46 prescribes the books of account and documents that persons in specified professions must keep under section 62, the gross-receipts limit below which this does not apply, where and how long to keep them, and extra records for medical practitioners.
47
Tax audit (s. 63) — Forms 3CA/3CB/3CD
Rules 22-48
Rule 47 prescribes Form No. 26 for the audit report under section 63 — Part A or Part B depending on whether the person's accounts are audited under another law, Parts C and D for particulars — and allows a revised report where a later payment changes a disallowance under section 35 or 37.
48
Electronic modes
Rules 22-48
Rule 48 lists the electronic modes of payment, other than the specified banking modes, that count for Schedule VIII [Table: Sl. No. 1. D(d)], section 66(32), section 146(5)(a)(ii)(B) and sections 185, 186 and 188.
49
ULIP capital gain (s. 67(5))
Rules 49-59
Rule 49 gives the formulas for capital gains on amounts received under a specified unit-linked insurance policy: the first receipt less premiums paid to date, and later receipts less premiums not already taken into account, deemed to arise from transfer of a unit of an equity-oriented fund.
50
Partner-firm distribution attribution (s. 72(5))
Rules 49-59
Rule 50 sets how an amount taxed under section 67(10) is attributed to capital assets remaining with the specified entity for section 72(5): by formula where it relates to revaluation or valuation of self-generated assets, otherwise not at all, with Form No. 27 to report it.
51
Original fund / IFSC relocation
Rules 49-59
Rule 51 adds a condition for section 70(2) [Table: Sl. No. 5, C(a)(A)(iv)] where a capital asset is transferred to a Category III Alternative Investment Fund as the resultant fund: residents' participation in the original fund must not exceed 5% of its corpus at the time of transfer.
52
Rate of exchange: non-resident capital gains (s. 72)
Rules 49-59
Rule 52 sets the rates of exchange for converting cost, transfer expenses and sale consideration into the foreign currency first used, and the gain back into rupees, when a non-resident computes capital gains on shares or debentures of an Indian company under section 72.
53
Slump sale FMV
Rules 49-59
Rule 53 sets the fair market value of the capital assets of an undertaking sold in a slump sale for section 77(3)(b) as the higher of FMV1, from the value of the assets less liabilities, and FMV2, from the consideration received, both determined as on the date of the slump sale.
54
Slump sale audit Form 7
Rules 49-59
Rule 54 requires every assessee making a slump sale under section 77(4) to submit an accountant's report in Form No. 28 before the specified date referred to in section 63.
55
Reference to VO
Rules 49-59
Rule 55 prescribes the two figures for section 91(1)(b)(i), the conditions for a reference to a Valuation Officer: a percentage of the value of the asset and a rupee amount.
56
FMV definitions / methodology (range 56–57)
Rules 49-59
Rule 56 defines the terms used in rules 56 and 57 for fair market value — balance sheet, merchant banker, quoted and unquoted shares, recognised stock exchange, registered dealer, registered valuer, securities — and fixes the valuation date for sections 92, 79 and 26(2).
57
FMV definitions / methodology (range 56–57)
Rules 49-59
Rule 57 sets how fair market value is determined for the sections it lists, by type of property: jewellery, artistic work, quoted shares and securities, unquoted equity shares (by formula), other unquoted securities, land or buildings (stamp duty value), and any other property.
58
Gift carve-outs (s. 92(2)(m))
Rules 49-59
Rule 58 lists five classes of persons receiving particular assets to whom section 92(2)(m) does not apply, subject to conditions: residents of unauthorised colonies in Delhi, shareholders in companies under Central Government-appointed boards, investors in the reconstructed Yes Bank, recipients under strategic disinvestment, and fund management entities in an IFSC relocation.
59
Life insurance receipts (s. 92(2)(l))
Rules 49-59
Rule 59 gives the formulas for income chargeable under section 92(2)(l) on sums received under a life insurance policy: the first receipt less premiums not claimed as a deduction, and later receipts less premiums not claimed or already counted.
60
Amalgamation carry-forward
Rules 60-76
Rule 60 sets the conditions for carrying forward or setting off accumulated loss and unabsorbed depreciation after an amalgamation under section 116(4)(b)(iii): 50% of installed capacity within four years, held until the end of five years, certified in Form No. 29, with Central Government power to relax.
61
Certificate of a medical authority in respect of autism, cerebral palsy and multiple disabilities for the purposes of deduction under section 127 and section 154
Rules 60-76
Rule 61 names the medical authority who certifies autism, cerebral palsy, multiple disabilities, disability and severe disability for sections 127(9)(e) and 154(3), and the form of certificate to file with the return, including how long a temporary-disability certificate is valid.
62
Issuance of prescription in respect of certain diseases and ailments for the purpose of deduction under section 128
Rules 60-76
Rule 62 sets which specialist must issue the prescription for treatment of the eligible diseases and ailments under section 128 — neurological diseases, malignant cancers, full-blown AIDS, chronic renal failure and haematological disorders — and the format of the prescription.
63
Prescribed authority for approval of a University or any educational institution of national eminence for purposes of section 133
Rules 60-76
Rule 63 makes the Principal Chief Commissioner of Income-tax (Exemptions) the authority that approves a University or educational institution of national eminence for section 133(1)(a)(vii), with the concurrence of the University Grants Commission or the All India Council of Technical Education.
64
Procedure for specifying an association or institution for purposes of notification under section 133(1)(a)(xxiv)
Rules 60-76
Rule 64 lists the five conditions the Central Government must be satisfied about before notifying an association or institution for section 133(1)(a)(xxiv), and limits a notification to up to three tax years.
65
Conditions for claim for deduction under section 134
Rules 60-76
Rule 65 requires an assessee claiming a deduction for rent paid under section 134 to file a declaration in Form No. 31.
66
Furnishing of audit report for claiming deduction under section 46 or 138 or 139 or 140 or 141 or 142 or 143 or 144
Rules 60-76
Rule 66 requires the accounts of the eligible business to be audited, with the report in Form No. 32 furnished before the specified date in section 63, for deductions under sections 46 and 138 to 144, with a separate report for each undertaking and documents listed in a table.
67
Form of particulars to be furnished along with return of income for claiming deduction under section 144
Rules 60-76
Rule 67 prescribes Form No. 33 for the particulars furnished with the return of income about the amount credited to a Special Economic Zone Reinvestment Allowance Reserve Account and how it was used.
68
Furnishing of report under section 146
Rules 60-76
Rule 68 prescribes Form No. 34 for the accountant's report that an assessee must furnish with the return of income under section 146(3)(c).
69
Report of accountant to be furnished under section 147(4)(a)
Rules 60-76
Rule 69 prescribes Form No. 35 for the accountant's report required under section 147(4)(a).
70
Form of certificate to be furnished under section 151(5)
Rules 60-76
Rule 70 requires a certificate in Form No. 36, furnished with the return of income and verified by the person responsible for making the payment, for a deduction claimed under section 151.
71
Prescribed authority and form of certificate to be furnished under section 152(5)
Rules 60-76
Rule 71 names the Controller under the Patents Act, 1970 as the prescribed authority for section 152(5) and requires a certificate from that authority in Form No. 37 to be furnished with the return of income.
72
Prescribed authority and form of certificate to be furnished under section 151(6) and section 152(6)
Rules 60-76
Rule 72 names the Reserve Bank of India, or another authority authorised under the foreign exchange laws, as the prescribed authority for sections 151(6) and 152(6), with the certificate in Form No. 38.
73
Relief under section 157(1), when salary is paid in arrears or in advance, gratuity, etc
Rules 60-76
Rule 73 sets how relief under section 157(1) is computed where income is taxed at a higher rate because of arrears or advance of salary, family pension arrears, gratuity, termination compensation or commutation of pension, and how to claim it in Form No. 39.
74
Taxation of income from retirement benefit account maintained in a notified country
Rules 60-76
Rule 74 lets a specified person choose to include income accrued in a retirement benefit account in a notified country in the tax year in which it is taxed on withdrawal there, by filing Form No. 40, and sets what happens on becoming a non-resident.
75
Other documents and information to be provided for claiming double taxation relief under section 159(1) and (2)
Rules 60-76
Rule 75 prescribes Form No. 41 for the information a non-resident gives to claim relief under a double taxation agreement, and Forms No. 42 and 43 for a resident's application for, and the grant of, a certificate of residence.
76
Foreign tax credit
Rules 60-76
Rule 76 sets how a resident assessee gets credit for foreign tax paid: the credit is the lower of Indian tax and foreign tax on each source, with the documents, Forms No. 44 and 45, the deadlines, and the treatment of disputed tax.
77
Meaning of expressions used in determination of arm's length price
Rules 77-130
Rule 77 defines the terms used in rules 77 to 84 on transfer pricing: associated enterprise, enterprise, property, services, transaction and uncontrolled transaction.
78
Other method for determination of arm's length price
Rules 77-130
Rule 78 defines the "other method" of determining arm's length price under section 165(1)(f): any method that takes into account the price charged or paid, or that would be charged or paid, in the same or a similar uncontrolled transaction between non-associated enterprises in similar circumstances.
79
Determination of arm's length price under section 165
Rules 77-130
Rule 79 sets out the methods for determining arm's length price — comparable uncontrolled price, resale price, cost plus, profit split, transactional net margin and any other method — the comparability factors, when an uncontrolled transaction is comparable, and which year's data is used.
80
Most appropriate method
Rules 77-130
Rule 80 defines the most appropriate method as the one best suited to the facts of each transaction that gives the most reliable measure of arm's length price, and lists six factors to weigh in choosing it.
81
Determination of arm's length price in certain cases
Rules 77-130
Rule 81 sets how arm's length price is fixed when the most appropriate method gives more than one price: build an ascending dataset, use a 35th-to-65th percentile range where there are six or more entries, and otherwise the mean, with a notified tolerance of up to 3%.
82
Exercise of option for determination of arm's length price for multiple years in a single proceeding
Rules 77-130
Rule 82 lets an assessee extend a determination made on a reference under section 166 to the next two consecutive tax years by filing Form No. 46 with an accountant's certificate in Form No. 47, sets the conditions on similar transactions, and the Transfer Pricing Officer's timetable.
83
Time period for repatriation of excess money under section 170(2) and computation of interest income under section 170(4) pursuant to secondary adjustments
Rules 77-130
Rule 83 sets the time within which excess money from a primary transfer pricing adjustment must be repatriated for section 170(2)(b) — ninety days from a date that depends on how the adjustment arose — and how imputed interest is computed if it is not.
84
Information and documents to be kept and maintained under section 171(1)
Rules 77-130
Rule 84 lists the transfer pricing documentation every person with an international transaction or specified domestic transaction must keep, the exemption below a value limit, the lighter list for eligible specified domestic transactions, and the requirement to keep records for nine years.
85
Report from an accountant to be furnished under section 172
Rules 77-130
Rule 85 prescribes Form No. 48 for the accountant's report that everyone with an international transaction or specified domestic transaction must furnish under section 172, due at least one month before the return due date.
86
Definitions for safe harbour rules for international transactions
Rules 77-130
Rule 86 defines the terms used in the safe harbour rules for international transactions, including accountant, software development services, information technology enabled services, knowledge process outsourcing, core and non-core auto components, corporate guarantee, intra-group loan, operating expense and revenue, and no tax or low tax country.
87
Eligible assessee for safe harbour rules for international transactions
Rules 77-130
Rule 87 defines the "eligible assessee" who may use the safe harbour: a person who has validly opted under rule 90 and provides low-risk IT or R&D services to a foreign principal, makes an intra-group loan, gives a corporate guarantee, exports auto components, receives low value-adding group services, or provides data centre services — with factors for judging "insignificant risk".
88
Eligible international transactions for safe harbour
Rules 77-130
Rule 88 lists the eligible international transactions between an eligible assessee and its associated enterprise, one of which must be a non-resident: IT services, intra-group loans, corporate guarantees up to a limit or to well-rated enterprises, generic drug R&D, auto components, low value-adding group services and data centre services.
89
Safe harbour for eligible international transactions
Rules 77-130
Rule 89 says the tax authorities must accept the transfer price declared by an eligible assessee for an eligible international transaction if the option is valid and the circumstances in the Table are met — a minimum margin, interest rate, commission or cost cap depending on the transaction — for a block of three tax years from 2026-27.
90
Procedure relating to transactions other than provision of information technology services
Rules 77-130
Rule 90 sets how an assessee exercises the safe harbour option for transactions other than IT services — Form No. 49 with the return, verification by the Assessing Officer, a reference to the Transfer Pricing Officer, time limits, and deemed validity if the authorities are late.
91
Procedure relating to transactions of provision of information technology services
Rules 77-130
Rule 91 sets how the safe harbour option for information technology services is exercised, how long it lasts — five consecutive tax years — how it is verified electronically, how it can be withdrawn, and the yearly statement the assessee must file.
92
Safe harbour rules for international transactions not to apply in certain cases
Rules 77-130
Rule 92 excludes from the safe harbour rules (86 to 91) eligible international transactions with an associated enterprise in a country or territory notified under section 176, or in a no tax or low tax country or territory.
93
Mutual agreement procedure not to apply where Safe harbour for international transactions is accepted
Rules 77-130
Rule 93 bars an assessee whose declared transfer price is accepted under the safe harbour in section 167 from invoking the mutual agreement procedure under a double taxation agreement.
94
Definitions for safe harbour rules for specified domestic transaction
Rules 77-130
Rule 94 defines "Appropriate Commission" and "Government company" for the safe harbour rules on specified domestic transactions.
95
Eligible assessee for safe harbour rules for specified domestic transactions
Rules 77-130
Rule 95 defines the eligible assessee for the safe harbour on specified domestic transactions: a person with a valid option under rule 97 who is either a Government company in the electricity business or a co-operative society procuring and marketing milk and milk products.
96
Eligible specified domestic transaction for safe harbour
Rules 77-130
Rule 96 lists the specified domestic transactions that qualify for the domestic safe harbour: supply, transmission or wheeling of electricity, and purchase of milk or milk products by a co-operative society from its members.
97
Safe harbour for eligible specified domestic transaction
Rules 77-130
Rule 97 says the transfer price declared by an eligible assessee for an eligible specified domestic transaction is accepted if the option is valid and either the electricity tariff is fixed or approved by the Appropriate Commission or the milk price meets the quality-based, transparent-rate test in the Table.
98
Procedure governing safe harbour rules for specified domestic transactions
Rules 77-130
Rule 98 sets how an eligible assessee exercises the domestic safe harbour: Form No. 49 with the return, verification by the Assessing Officer, a written order if the option is invalid, objections to the Commissioner within fifteen days, and deemed validity if the authorities miss the time limits.
99
Definitions for safe harbour rules for income attribution in case of income from business and profession
Rules 77-130
Rule 99 defines the terms for the safe harbour on attributing income from business or profession: contract manufacturer, custom bonded area, eligible assessee and eligible business (raw diamond sales and bonded-warehouse storage of components), gross receipts, raw diamonds and specified electronic goods.
100
Safe harbour for income attribution in case of income from business and profession
Rules 77-130
Rule 100 says the income-tax authorities accept an eligible assessee's option for the safe harbour on income from raw diamond sales or bonded-warehouse component storage if declared profits meet the minimum percentage of gross receipts, with the consequences for deductions, losses and depreciation.
101
Procedure governing safe harbour rules for income attribution in case of income from business and profession
Rules 77-130
Rule 101 sets how the option is exercised — Form No. 49 before filing the return — that income is computed under the normal provisions if no option is exercised, and that the Assessing Officer may declare the option invalid if incorrect facts were used or facts were concealed.
102
Mutual agreement procedure not to apply where safe harbour for income attribution in case of income from business and profession is exercised
Rules 77-130
Rule 102 bars an assessee that has exercised the income-attribution safe harbour under rule 101, and whose option is not declared invalid, from invoking the mutual agreement procedure under a double taxation agreement for the eligible business.
103
Meaning of expressions used in matters in respect of advance pricing agreement
Rules 77-130
Rule 103 defines the terms used in the advance pricing agreement rules, including agreement, applicant, bilateral, multilateral and unilateral agreement, competent authority of India, covered transaction, critical assumptions, rollback year, tax treaty and team.
104
Persons eligible to apply (advance pricing agreement)
Rules 77-130
Rule 104 makes eligible to enter into an advance pricing agreement any person who has undertaken, or is contemplating undertaking, an international transaction.
105
Pre-filing consultation (advance pricing agreement)
Rules 77-130
Rule 105 lets an eligible person ask for a pre-filing consultation in Form No. 50 with the advance pricing agreement team; it does not bind either side, and does not apply to a renewal.
106
Application for advance pricing agreement
Rules 77-130
Rule 106 sets how to apply for an advance pricing agreement: Form No. 51 with a fee of twenty lakh rupees, to the Principal Chief Commissioner of Income-tax (International Taxation) for a unilateral agreement or the competent authority of India for bilateral or multilateral, filed before the first year it covers or before the transaction.
107
Withdrawal of application for agreement (advance pricing agreement)
Rules 77-130
Rule 107 lets an applicant withdraw its advance pricing agreement application any time before the terms are finalised, but the fee is not refunded.
108
Preliminary processing of application (advance pricing agreement)
Rules 77-130
Rule 108 requires a complete application, lets the authority serve a deficiency letter within one month, gives the applicant thirty days to cure it, and refunds the fee if the application is not allowed to proceed because of an uncured defect.
109
Procedure (advance pricing agreement)
Rules 77-130
Rule 109 sets how an allowed application is processed: meetings, document requests, premises visits and inquiries; a draft report; a mutually agreed draft; approval by the Central Government; and the time limits, including closure after three years and a two-year limit for IT services unilateral applications.
110
Terms of the agreement (advance pricing agreement)
Rules 77-130
Rule 110 lists what an advance pricing agreement may contain and says the agreement stops binding the Board or the assessee if a critical assumption changes or conditions are not met, with notice by both sides, and revision or cancellation under rules 115 and 116.
111
Roll back of Agreement (advance pricing agreement)
Rules 77-130
Rule 111 allows an agreement to apply to up to four earlier tax years (rollback years) for the same transaction, on conditions about returns and reports filed in time, all rollback years being requested, and no appeal decided by the Appellate Tribunal or reduction of declared income, with an additional fee.
112
Amendments to application (advance pricing agreement)
Rules 77-130
Rule 112 allows an applicant to request an amendment to an advance pricing agreement application at any stage before the terms are finalised, if the amendment does not alter the nature of the application as filed.
113
Furnishing of annual compliance report (advance pricing agreement)
Rules 77-130
Rule 113 requires an assessee with an advance pricing agreement to file an annual compliance report in Form No. 52 for each year covered, within thirty days of the return due date or ninety days of entering the agreement, whichever is later.
114
Compliance audit of agreement (advance pricing agreement)
Rules 77-130
Rule 114 makes the Transfer Pricing Officer audit compliance with the agreement for each year covered, report within six months of receiving the annual compliance report, and sets that regular audit of covered transactions is not done unless the agreement is cancelled.
115
Revision of an agreement (advance pricing agreement)
Rules 77-130
Rule 115 lets the Board revise an advance pricing agreement after a change in critical assumptions, a failure to meet a condition, a change in law, or a request from a foreign competent authority, generally only with the assessee's agreement.
116
Cancellation of an agreement (advance pricing agreement)
Rules 77-130
Rule 116 sets the grounds on which the Board cancels an advance pricing agreement — failure found in a compliance audit, a late or materially wrong annual report, or cancellation under rules 115(4) or 117(7) — and the safeguards: a hearing, a written reasoned order, and intimation to the officers.
117
Procedure for giving effect to rollback provision of an Agreement (advance pricing agreement)
Rules 77-130
Rule 117 sets how effect is given to rollback: modified returns under section 169 with proof of additional tax, withdrawal of pending appeals by both sides, intimation to the appellate bodies, and cancellation of the agreement if effect cannot be given because of the applicant's failure.
118
Relief in tax payable under section 206(1) due to operation of section 206(1)(i)
Rules 77-130
Rule 118 computes the reduction in tax payable by a company under section 206(1) where past income from an advance pricing agreement or a secondary adjustment is included in book profit, by formula, never below zero, and sets how to claim it in Form No. 53.
119
Renewing an agreement (advance pricing agreement)
Rules 77-130
Rule 119 lets an applicant renew an advance pricing agreement by a new application in Form No. 54, following the same procedure except the pre-filing consultation.
120
Miscellaneous (advance pricing agreement)
Rules 77-130
Rule 120 says that merely filing an advance pricing agreement application does not stop the arm's length price rules in Chapter X applying, and that negotiations with foreign competent authorities follow the tax treaty.
121
Application seeking to give effect to terms of any agreement under section 533(2)(p) and procedure for giving effect to decision under agreement
Rules 77-130
Rule 121 sets the mutual agreement procedure: a resident applies in Form No. 55 to the competent authority of India, who aims to resolve the dispute with the other country in an average of twenty-four months, with the assessee's one-month acceptance, withdrawal of appeals, and the Assessing Officer giving effect within a month.
122
Procedure to deal with requests for bilateral or multilateral advance pricing agreements
Rules 77-130
Rule 122 sets the procedure for a request for a bilateral or multilateral advance pricing agreement: it starts only if the foreign associated enterprise has started the process abroad, the competent authorities negotiate, the applicant is not part of the talks, and the applicant has a month to accept or can continue without the mutual agreement procedure or withdraw.
123
Maintenance and furnishing of information and document by constituent entity of an international group under section 171
Rules 77-130
Rule 123 requires a constituent entity of an international group above set revenue and transaction values to keep and furnish group-level information in Form No. 56, lists the information, and sets the due date, designation of one filer, nine-year retention and exchange rate.
124
Furnishing of report in respect of an international group under section 511
Rules 77-130
Rule 124 sets the reporting authority and forms for the report on an international group under section 511: Form No. 58 notification, Form No. 59 report by the parent or alternate entity, the twelve-month period for constituent entities, Form No. 60 designation, and the consolidated revenue threshold.
125
Furnishing of authorisation and maintenance of documents, etc. for the purposes of section 176
Rules 77-130
Rule 125 sets Form No. 61 for the authorisation an assessee gives to a financial institution under section 176(3)(a), and the extra documents to keep for transactions with a person in a notified jurisdictional area under section 176(3)(b).
126
Conditions and activities for finance company located in any International Financial Services Centre for section 177
Rules 77-130
Rule 126 restricts a finance company in an International Financial Services Centre, for section 177(7)(b), to lending, factoring and forfaiting or treasury-centre activities, and requires interest on debt it issues to a non-resident to be in foreign currency.
127
Determination of consequences of impermissible avoidance arrangement
Rules 77-130
Rule 127 says that where only part of an arrangement is declared an impermissible avoidance arrangement, the tax consequences are determined with reference to that part only.
128
Chapter XI relating to General Anti Avoidance Rule not to apply in certain cases
Rules 77-130
Rule 128 lists the cases where Chapter XI does not apply — arrangements with total tax benefit within a limit, certain Foreign Institutional Investors, non-residents investing through them, and income from investments made before 1 April 2017 — and defines the terms, as amended w.e.f. 1 April 2026.
129
Notice and Forms for reference under section 274
Rules 77-130
Rule 129 sets the steps before and after a General Anti Avoidance Rule reference: the Assessing Officer's notice with five items, the reference in Form No. 62, the Commissioner's satisfaction and directions in Form No. 63, and a reference to the Approving Panel in Form No. 64 in four sets.
130
Time limits (GAAR Approving Panel)
Rules 77-130
Rule 130 sets the time limits for the Commissioner under section 274: directions within one month of the compliance date of the section 274(2) notice, a reference to the Approving Panel within two months of the assessee's final submission, and Form No. 63 directions within one or two months depending on the case.
131
Procedure before Approving Panel (GAAR Approving Panel)
Rules 131-200
Rule 131 sets the first steps once a General Anti Avoidance Rule reference reaches the Approving Panel: the Chairperson circulates it to members within seven days and gives the Assessing Officer and the assessee notice of the hearing date and place.
132
Remuneration (GAAR Approving Panel)
Rules 131-200
Rule 132 fixes the sitting fee for Approving Panel members at Rs. 6,000 per day and allows travel and daily allowances at the rate admissible to a Secretary to the Government of India.
133
Modes of payment for the purpose of section 187
Rules 131-200
Rule 133 requires a person carrying on business or profession whose turnover or gross receipts in the immediately preceding tax year exceed fifty crore rupees to offer four specified electronic payment modes in addition to any others, for section 187.
134
Exercise of option for taxation of royalty income from patent under section 194(1) [Table: Sl. No. 2]
Rules 131-200
Rule 134 requires an eligible assessee opting to be taxed on royalty from a patent developed and registered in India under section 194(1) [Table: Sl. No. 2] to furnish Form No. 65 by the return due date for the year of the option.
135
Calculation of net winnings from online games for purpose of section 194(1) [Table: Sl. No. 5]
Rules 131-200
Rule 135 gives the formulas for net winnings from online games — for the year, for the first withdrawal, for each later withdrawal and for the balance at year end — based on withdrawals, balances and non-taxable deposits, with clarifications on multiple accounts, bonuses and payments outside the user account.
136
Exercise or withdrawal of option for new tax regime
Rules 131-200
Rule 136 requires the options and withdrawals under sections 199(3), 200(5), 201(2), 202(4), 203(5) and 204(2) to be made in the return of income for the tax year, by the person listed against each section.
137
Form of report for computation of book profit of companies
Rules 131-200
Rule 137 prescribes Form No. 66 for the accountant's report on computing the book profit of a company under section 206(1)(s).
138
Form of report for computation of adjusted total income by certain persons other than a company
Rules 131-200
Rule 138 prescribes Form No. 67 for the accountant's report on computing the adjusted total income of certain persons other than a company, required under section 206(2)(j).
139
Computation of exempt income of specified fund attributable to units held by non-resident under Schedule VI [Table: Sl. Nos. 1 to 4] to Act
Rules 131-200
Rule 139 gives the formula for the exempt income of a specified fund that is attributable to units held by non-residents under Schedule VI [Table: Sl. Nos. 1 to 4], by four income streams each weighted by the non-resident share of assets under management, and makes the exemption conditional on filing Form No. 68.
140
Determination of income of a specified fund attributable to units held by non-residents under section 210(2)
Rules 131-200
Rule 140 gives the formulas for the part of a specified fund's capital gains and securities income attributable to units held by non-residents for section 210(2), and makes the concessional rates in section 210 conditional on filing Form No. 69.
141
Computation of exempt income of specified fund, attributable to investment division of an offshore banking unit under Schedule VI [Table: Sl. Nos. 1 to 4] to Act
Rules 131-200
Rule 141 gives the formula for exempt income of a specified fund attributable to the investment division of an offshore banking unit — the sum of four income streams — disallows related expenditure against other income, and requires Form No. 70.
142
Conditions referred to in Schedule VI [Note 1(g)(ii)(B)] to Act required to be fulfilled by an investment division of an offshore banking unit
Rules 131-200
Rule 142 lists the conditions an investment division of an offshore banking unit must meet — separate accounts, an audit report in Form No. 71 before the specified date, and documentation of remittances, bank statements, contract notes and custodian statements — and makes the exemption depend on them.
143
Determination of income of a specified fund attributable to investment division of an offshore banking unit under section 210(3)
Rules 131-200
Rule 143 gives the formula for the income of a specified fund that is an offshore banking unit's investment division under section 210(3) — the sum of five income categories — and conditions the section 210 rates on filing Form No. 70.
144
Other conditions required to be fulfilled by a specified fund as referred to in Schedule VI [Note 1(g)(i)] to Act
Rules 131-200
Rule 144 sets the "other conditions" for a specified fund: a unit holder who becomes a resident must exit within three months of the end of that tax year, the fund must keep eight listed particulars on its unit holders, and certify compliance in Form No. 68.
145
Statements under sections 221(4), 222(2), 223(5) and 224(9)
Rules 131-200
Rule 145 sets which statement form each entity files — venture capital companies and funds, business trusts, investment funds and securitisation trusts — to the Commissioner and to recipients, with filing dates of 15 June and 30 June after the tax year.
146
Rules related to application for exercising the option for tonnage tax scheme and other matters related to it
Rules 131-200
Rule 146 prescribes Form No. 80 for opting into or renewing the Tonnage Tax Scheme, the deemed-tonnage conversion for slot purchases and break-bulk vessel sharing, the incidental activities, the charter-in limit calculation, and Form No. 81 for the qualified company's audit report.
147
Publication and circulation of order of Board under section 239(3)(a)
Rules 131-200
Rule 147 lists the ways the Board publishes and circulates a general or special order it considers necessary in the public interest: Official Gazette, copies to trade and professional bodies, display on office notice boards, or other digital outreach platforms.
148
Search and Seizure under section 247
Rules 131-200
Rule 148 sets how search and seizure powers under section 247 are exercised: authorisation in Forms No. 82, 83 and 84, the right of entry, witnesses, searches of persons, lockers and computer systems, lists of seized material, sealing and custody, and the opening of sealed packages.
149
Procedure to requisition services under section 247(5) and to make a reference under section 247(9)
Rules 131-200
Rule 149 lets senior officers approve persons whose services may be requisitioned, or valuers to whom valuation references may be made, on an application in Form No. 85, decided within six months, with a Designated Approval Number, and allows requisition of an unapproved person if approval follows within thirty days.
150
Valuation under section 247(9)
Rules 131-200
Rule 150 sets how fair market value is determined on a section 247(9) reference — stamp duty value plus construction cost for land and buildings, rule 57 for jewellery, artistic work and shares, and open-market price for other property — and prescribes Form No. 170 for the valuation report.
151
Requisition of books of account, etc. under section 248
Rules 131-200
Rule 151 sets how a requisition under section 248(1) works: authorisation in Form No. 86, a written requisition to the delivering officer, a list and sealed packages on delivery, and the application of the rule 148 custody and opening procedures.
152
Release of remaining assets under section 250
Rules 131-200
Rule 152 requires assets or proceeds left after the liabilities in section 250(1) are discharged to be handed back at once to the person from whose custody they were seized, in the presence of two respectable witnesses.
153
Distraint and sale (of movable property by an Assessing Officer or Tax Recovery Officer)
Rules 131-200
Rule 153 provides that distraint and sale of movable property by an authorised Assessing Officer or Tax Recovery Officer is carried out, as far as may be, like attachment and sale of movable property by actual seizure, following rule 225.
154
Form of information under section 254(1)
Rules 131-200
Rule 154 prescribes Form No. 87 for the information furnished under section 254(1).
155
Disclosure of information related to assessees under section 258(2)
Rules 131-200
Rule 155 prescribes the forms for an application to the Chief Commissioner or Commissioner for information about an assessee under section 258(2) — Form No. 88 to apply, 89 for the information, 90 if the assessment is incomplete, and 91 if disclosure is not in the public interest.
156
Prescribed income-tax authority under section 259
Rules 131-200
Rule 156 says the prescribed income-tax authority under section 259 is an authority not below the rank of Assistant Commissioner of Income-tax who has been authorised by the Central Board of Direct Taxes.
157
Persons exempt from obtaining Permanent Account Number under section 262
Rules 131-200
Rule 157 exempts two groups of non-residents from obtaining a Permanent Account Number — those whose only Indian income is from investment in a specified fund, and eligible foreign investors trading only in specified IFSC-listed assets — on conditions about tax deduction, declarations and quarterly statements in Form No. 92.
158
Application for allotment of a Permanent Account Number
Rules 131-200
Rule 158 sets how to apply for a PAN — Forms No. 93 to 96 depending on the applicant, an Aadhaar-based route, who the application goes to, the time limit for each class of person, the identity, address and date-of-birth documents required, and the fee for late intimation of Aadhaar.
159
Transactions in relation to which Permanent Account Number is to be quoted or applied for purposes of section 262(1)(f) and 262(10)(c) and (e)
Rules 131-200
Rule 159 lists sixteen kinds of transaction — from opening a bank account to buying goods or services above a value — in which a PAN must be quoted in the documents, at the value set for each, who receives or issues the document, what a person without a PAN must do, and the exemptions.
160
Time and manner in which persons referred to in rule 159 shall furnish a statement containing particulars of Form No. 97
Rules 131-200
Rule 160 requires persons who receive Form No. 97 declarations for specified transactions to furnish Form No. 98 online by 31 October or 30 April and keep the declarations for six years.
161
Transactions for purposes of section 262(9)(a)
Rules 131-200
Rule 161 lists three transactions — cash deposits or withdrawals of twenty lakh rupees or more in a financial year, and opening a current or cash credit account — for which a PAN must be quoted and the receiving bank or post office must check it, with exemptions for government, consular offices and certain non-residents.
162
When PAN becomes inoperative under section 262(6)
Rules 131-200
Rule 162 says a PAN becomes inoperative if the holder required to intimate Aadhaar under section 262(6) fails to, makes it operative within thirty days of intimation and payment of the fee under rule 158, and sets the consequences while it is inoperative — no refund, no interest on the refund, and tax deducted at a higher rate.
163
Conditions for furnishing return of income by persons other than a company or firm referred to in section 263(1)(a)(x)
Rules 131-200
Rule 163 lists the seven conditions, any one of which obliges a person other than a company or firm to file a return under section 263(1)(a)(x): current account deposits, foreign travel spending, electricity spending, business turnover, professional receipts, tax deducted or collected at source, and savings account deposits.
164
Forms, eligibility, verification etc. in respect of return of income
Rules 131-200
Rule 164 says which return form each class of person files for the tax year beginning 1 April 2026 — ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4 (SUGAM), ITR-5, ITR-6 and ITR-7 — who is ineligible for ITR-1 and ITR-4, what may not accompany a return, and how returns are furnished.
165
Furnishing of updated return of income under section 263(6) read with 263(2)
Rules 131-200
Rule 165 prescribes Form ITR-UN for the updated return under section 263(6) and the manner of furnishing it for companies, audited persons and others.
166
Conditions for treating a return as defective return under section 263(7)
Rules 131-200
Rule 166 lists four conditions under which a return is regarded as defective — incomplete fields, missing audit report, unfilled tax payment details in an updated return, and a brought forward MAT or AMT credit that does not match the latest return — and lets the Board notify exceptions.
167
Form of appeal to Joint Commissioner (Appeals) or Commissioner (Appeals) under section 358
Rules 131-200
Rule 167 prescribes Form No. 99 for an appeal to the Joint Commissioner (Appeals) or Commissioner (Appeals) under section 358, furnished electronically in the way the return is furnished and verified by the person authorised to verify the return.
168
Prescribed person for verification of return for purposes of section 265 [Table: Sl. Nos. 3 and 9]
Rules 131-200
Rule 168 says "any other person" who verifies a return under section 265 [Table: Sl. Nos. 3 and 9] is the person appointed by the Adjudicating Authority as interim resolution professional, resolution professional or liquidator under the Insolvency and Bankruptcy Code, 2016.
169
Form of verification for furnishing information under section 268(1)(c)
Rules 131-200
Rule 169 prescribes the declaration of verification — that the information furnished is correct and complete and the other particulars are truly stated — for information supplied to the Assessing Officer under section 268(1)(c).
170
Prescribed income-tax authority under section 268(3) for issue of notice under sub-section (1) thereof
Rules 131-200
Rule 170 says the prescribed income-tax authority under section 268(3) is an authority not below the rank of Income-tax Officer authorised by the Central Board of Direct Taxes.
171
Forms for report of audit or inventory valuation under section 268(5)
Rules 131-200
Rule 171 prescribes Form No. 100 for the audit report under section 268(5)(i) and Form No. 101 for the inventory valuation report under section 268(5)(ii).
172
Procedure for purposes of determining expenses for audit or inventory valuation
Rules 131-200
Rule 172 requires every Chief Commissioner to keep panels of accountants and cost accountants and sets an hourly range for the expenses of a section 268(5) audit or inventory valuation, with time-sheets and a check on hours billed.
173
Jurisdiction of Valuation Officers as per section 2(110) read with section 269
Rules 131-200
Rule 173 sets the supervisory roles of Regional and District Valuation Officers and, for buildings and land, divides valuation work by value: a District Valuation Officer above five crore rupees, a Valuation Officer between one and five crore rupees, and an Assistant Valuation Officer up to one crore rupees.
174
Day and time for inspection by Valuation Officers, etc., as per section 269(3)
Rules 131-200
Rule 174 allows a Valuation Officer, or an authorised engineer, overseer, surveyor or assessor, to enter land or premises and inspect assets on any day except public holidays between 6 a.m. and 6 p.m., with public holidays including Sundays.
175
Prescribed authority for issue of notice under section 270(8)
Rules 131-200
Rule 175 says the prescribed authority under section 270(8) is an income-tax authority not below the rank of Income-tax Officer authorised by the Central Board of Direct Taxes.
176
Procedure for faceless assessment, reassessment or recomputation under section 273(1)
Rules 131-200
Rule 176 sets the faceless procedure for assessment, reassessment or recomputation in cases the Board specifies under section 273(2): a National Faceless Assessment Centre allocates cases to assessment, verification, technical and review units, all communication is electronic, hearings are by video, and no personal appearance is required.
177
Modified return of income in respect of business reorganisation under section 314
Rules 131-200
Rule 177 prescribes Form ITR-A for the modified return a successor entity files after a business reorganisation under section 314, furnished electronically under digital signature, with the Assessing Officer modifying or completing the assessment in line with the reorganisation order.
178
Application under section 288(1) [Table: Sl. No. 11] regarding credit of tax deduction at source
Rules 131-200
Rule 178 prescribes Form No. 102 for the application under section 288(1) [Table: Sl. No. 11] regarding credit of tax deducted at source, furnished to the Director General of Income-tax (Systems), who forwards it to the Assessing Officer.
179
Notice of demand under section 289
Rules 131-200
Rule 179 prescribes Form No. 103 for a notice of demand under section 289, and Form No. 151 where the demand follows an order under section 407.
180
Return of income in respect of block assessment under section 294(1)
Rules 131-200
Rule 180 prescribes Form ITR-BN for the return of income for a block assessment under section 294(1) following a search under section 247 or a requisition under section 248, and how it is furnished.
181
Common application for registration of non-profit organisation or for approval for the purposes of deduction under section 133(1)(b)(ii)
Rules 131-200
Rule 181 sets the common application for registration under section 332 or approval under section 354 — Form No. 104 to the Commissioner (CPC) for provisional registration, Form No. 105 to the jurisdictional Commissioner otherwise — with the order forms, a 16-character Unique Registration Number, cancellation, surrender, withdrawal and re-application.
182
Manner of computation of gains of commercial activities under sections 335(e), 344, 345 and 346
Rules 131-200
Rule 182 says gains of a permitted commercial activity of a registered non-profit organisation under sections 344, 345 and 346 are computed as if the activity were a separate entity with its own books, under Part D of Chapter IV, for section 335(e).
183
Manner of computation of any portion of income applied by a registered non-profit organisation, directly or indirectly, for benefit of any related person
Rules 131-200
Rule 183 lists ten circumstances in which income of a registered non-profit organisation is treated as applied for the benefit of a related person — lending without security or interest, free use of property, excess salary, goods or services below adequate consideration, purchases and sales at inadequate prices, diversion of income or property above Rs. 1,000, and investment in a concern where a related person has a substantial interest — and fixes the amount as the value of the benefit.
184
Exercise of options by a registered non-profit organisation under section 341(7) for deemed application under section 341(5)
Rules 131-200
Rule 184 requires the option under section 341(7) for deemed application under section 341(5) to be exercised in Form No. 108 by the section 263(1) return due date, furnished electronically.
185
Furnishing of statement by registered non-profit organisation under section 342(1) for accumulating or setting apart any part of its regular income
Rules 131-200
Rule 185 requires the statement to the Assessing Officer under section 342(1), for accumulating or setting apart part of regular income, in Form No. 109 by the section 263(1) return due date, furnished electronically.
186
Application under section 342(5) for change of purpose for which income has been accumulated or set apart
Rules 131-200
Rule 186 lets a registered non-profit organisation ask the Assessing Officer, in Form No. 110, to change the purpose for which income was accumulated or set apart under section 342(1), and the officer may allow it in Form No. 111 for other charitable or religious purposes in India that conform to its objects.
187
Books of account and other documents to be kept and maintained by a registered non-profit organisation
Rules 131-200
Rule 187 lists the books of account and documents a registered non-profit organisation must keep under section 347 — ten categories of record on income, application, corpus donations, loans, properties and related persons — and sets where and for how long they are kept: the registered office, six years.
188
Report of audit in case of registered non-profit organisations under section 348
Rules 131-200
Rule 188 prescribes Form No. 112 for the audit report of a registered non-profit organisation under section 348, furnished one month before the section 263(1) return due date.
189
Method of valuation for the purposes of computing fair market value of assets and liabilities under section 352(2) for accreted income
Rules 131-200
Rule 189 sets how the fair market value of a specified person's assets and the total liability are determined for accreted income under section 352(2): balance-sheet assets less tax paid, with prescribed methods for quoted and unquoted shares, immovable property, business undertakings and other assets, and a defined set of excluded liabilities.
190
Furnishing of statement of particulars in respect of donation and certificate to donor under section 354(1)
Rules 131-200
Rule 190 requires a registered non-profit organisation or other donee to furnish a statement of donations in Form No. 113 and a certificate to each donor in Form No. 114, both by 31 May after the financial year of receipt.
191
Mode of service of any order referred to in section 358(3)(b)
Rules 131-200
Rule 191 says an intimation of an order under section 358(3)(b) is served as a notice or requisition under section 501, and other orders are sent or served by post or as if they were a Court summons under the Bharatiya Nyaya Sanhita, 2023.
192
Production of additional evidence before Joint Commissioner (Appeals) and Commissioner (Appeals) under section 533(2)(x)
Rules 131-200
Rule 192 bars an appellant from producing new evidence before the Joint Commissioner (Appeals) or Commissioner (Appeals) except in four circumstances, requires written reasons for admitting it and a chance for the Assessing Officer to respond, and keeps the appellate authority's power to call for documents or witnesses.
193
Form of appeal and memorandum of cross-objections to Appellate Tribunal under section 362
Rules 131-200
Rule 193 prescribes Form No. 115 for an appeal to the Appellate Tribunal under section 362(1) or (2) and Form No. 116 for a memorandum of cross-objections under section 362(4), signed for an assessee by the person specified in rule 167(3).
194
Declaration under section 375
Rules 131-200
Rule 194 prescribes Form No. 117 for the declaration under section 375(1), signed and verified by the person in rule 167(3), in duplicate before the Commissioner (Appeals) and in triplicate before the Appellate Tribunal.
195
Application under section 376 to defer filing of appeal before Appellate Tribunal or the jurisdictional High Court
Rules 131-200
Rule 195 prescribes Form No. 118 for the Assessing Officer's application under section 376(2) to the Appellate Tribunal or the jurisdictional High Court to defer filing an appeal.
196
Constitution of Dispute Resolution Committee under section 379
Rules 131-200
Rule 196 provides for a three-member Dispute Resolution Committee for every region of a Principal Chief Commissioner of Income-tax — two retired Income-tax officers and one ex-officio senior officer — appointed for three years, deciding by majority.
197
Application for resolution of dispute before the Dispute Resolution Committee under section 379
Rules 131-200
Rule 197 prescribes Form No. 119 for an application to the Dispute Resolution Committee by a person who opts for dispute resolution under section 379 over a variation in a specified order and meets the specified conditions, with a fee of Rs. 1,000.
198
Power to reduce or waive penalty imposable or grant immunity from prosecution or both under section 379
Rules 131-200
Rule 198 empowers the Dispute Resolution Committee to reduce or waive penalty or grant immunity from prosecution, with recorded reasons and conditions, if the applicant has paid the tax due on the returned income in full and has co-operated, and provides for withdrawal of the relief on non-compliance.
199
Definitions (advance rulings)
Rules 131-200
Rule 199 defines "specified order" for section 379 — a draft order, an intimation under section 270(1) or 399(1) the person objects to, an assessment or reassessment order (except one following Dispute Resolution Panel directions), an enhancing order under section 287, or a limited-value order under section 398 — and the "specified conditions" that bar applicants with certain detention, prosecution or proceedings history.
200
Application for obtaining an advance ruling under section 383
Rules 131-200
Rule 200 prescribes Form No. 120 for an advance ruling application by a resident or non-resident, with fees that depend on the category of applicant and the amount of the transaction — from Rs. 10,000 for any other applicant to ten lakh rupees for large transactions — and electronic signing and furnishing.
201
Certification of copies of advance rulings pronounced by Board for Advance Rulings under section 384(8)
Rules 201-260
Rule 201 requires the copy of an advance ruling pronounced by the Board sent to the applicant and to the Commissioner to be certified a true copy by the Commissioner or Deputy Commissioner or the Board for Advance Rulings.
202
Form and manner of filing appeal to High Court on ruling pronounced or order passed by Board for Advance Rulings under section 389(1)
Rules 201-260
Rule 202 says the form and manner of an appeal to the High Court under section 389(1) against a ruling or order of the Board for Advance Rulings, by the assessee or by the Assessing Officer on the Commissioner's directions, follow the procedure of the jurisdictional High Court.
203
Credit for tax deducted or collected at source
Rules 201-260
Rule 203 sets to whom, for which tax year and on what information credit for tax deducted or collected at source is given, including where the income is assessable in another person's hands or over several years.
204
Furnishing of particulars for deduction of tax at source from income under head "Salaries"
Rules 201-260
Rule 204 lets an employee give the employer particulars of other income, house property loss and other TDS or TCS in Form No. 122, and requires the employer to state perquisites in Form No. 130 or Form No. 123 depending on the salary.
205
Furnishing of evidence of claims by employee under section 392(5)(b) for deduction of tax from income under head "Salaries"
Rules 201-260
Rule 205 requires an employee to give the employer, in Form No. 124, the evidence or particulars of claims for house rent allowance, leave travel concession, house property interest and Chapter VIII deductions, for estimating income or computing the tax to deduct.
206
Rate of exchange for conversion into rupees of income expressed in foreign currency
Rules 201-260
Rule 206 fixes the telegraphic transfer buying rate on a "specified date" as the rate for converting income in foreign currency into rupees, with the specified date set by type of income.
207
Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency
Rules 201-260
Rule 207 sets the telegraphic transfer buying rate on the date tax must be deducted as the conversion rate for TDS on foreign-currency income payable outside India or to or by an IFSC unit, and defines that rate.
208
Furnishing of declaration and evidence of claims by specified senior citizen under section 393(1) [Table: Sl. No. 8(iii)]
Rules 201-260
Rule 208 provides for the specified senior citizen's declaration to the specified bank in Form No. 125, and requires the bank to compute total income after Chapter VIII deductions and the section 156 rebate and deduct tax on it.
209
Application by payee for certificate authorising receipt of interest and other sums without deduction of tax
Rules 201-260
Rule 209 lets branches of foreign banks and insurers, and other persons with an Indian branch, apply in Form No. 126 for a certificate under section 395(1) to receive specified interest or other sums without deduction, subject to conditions on returns, defaults, business history and fixed assets.
210
Condition for no deduction of tax at source from income in respect of units of non-residents referred to in section 393(2) [Table: Sl. No. 10] read with section 393(4) [Table: Sl. No. 15]
Rules 201-260
Rule 210 exempts from TDS income on Unit Trust of India units payable to a non-resident Indian or non-resident Hindu undivided family, where the units were bought from NRE account funds or foreign-currency remittance under FEMA.
211
Declaration by person claiming receipt of certain incomes without deduction of tax under section 393(6)
Rules 201-260
Rule 211 prescribes Form No. 121 for the declaration under section 393(6), allows it electronically or on paper, and requires the payer to number each declaration, report it in the quarterly TDS statement and produce it on demand within seven years.
212
Declaration by a buyer for no collection of tax at source under section 394(2)
Rules 201-260
Rule 212 prescribes Form No. 127 for a buyer's declaration under section 394(2) that goods are for manufacturing, processing or producing, not trading, and requires the collector to send one copy to the Chief Commissioner or Commissioner by the 7th of the next month.
213
Application for grant of certificates for deduction or collection of income-tax at any lower rates, or no deduction of income-tax
Rules 201-260
Rule 213 prescribes Form No. 128 for a certificate of lower or nil deduction under section 395(1) or lower collection under section 395(3), lists what the Assessing Officer considers, adds conditions for exempt entities and dividends, and sets the certificate's scope and validity.
214
Application by payer for grant of certificate under section 395(2) or section 400(3) for determination of appropriate proportion of sum (other than salary), payable to non-resident, chargeable in case of recipients
Rules 201-260
Rule 214 lets a payer apply in Form No. 129 for the Assessing Officer to determine what proportion of a sum payable to a non-resident is chargeable, and sets what the officer considers and how long the certificate lasts.
215
Certificate of tax deducted or collected at source to be furnished under section 395(4)
Rules 201-260
Rule 215 prescribes Forms 130 to 133 for certificates of tax deducted, paid or collected at source, to be downloaded from the department's portal, with due dates, rules for multiple employers, duplicates and digital signatures.
216
Application for allotment of a tax deduction and collection account number
Rules 201-260
Rule 216 prescribes Form No. 134 (Government entities) or Form No. 135 (others) for applying for a tax deduction and collection account number, to whom and when to apply, the supporting documents, and what counts as a Government entity.
217
Conditions under section 397(2)(c) for non-application of deduction of tax at higher rate, in case of non-residents
Rules 201-260
Rule 217 switches off section 397(2)(b)(i) for a non-resident without a PAN receiving interest, royalty, fees for technical services, dividend or capital asset transfer payments, if it gives the deductor specified details, and for non-residents not required to apply for a PAN.
218
Time and mode of payment to Government account of tax deducted or collected at source or tax paid under section 392(2)(a)
Rules 201-260
Rule 218 sets when and how tax deducted or collected at source, and tax paid under section 392(2)(a), reaches the Central Government: same day or seven days for Government offices, seven days or 30th April for others, thirty days for challan-cum-statement cases, and optional quarterly payment.
219
Statement of deduction or collection of tax at source under section 397(3)(b)
Rules 201-260
Rule 219 prescribes the quarterly TDS and TCS statements (Forms 138, 140, 143 and 144, and Form 142 for virtual digital asset exchanges), their due dates, the monthly challan-cum-statement in Form 141, refund claims in Form 139, and a superannuation fund statement.
220
Furnishing of information for payment to a non-resident, not being a company, or to a foreign company
Rules 201-260
Rule 220 requires a person paying a non-resident or foreign company to furnish information in Part A, B, C or D of Form No. 145 before remitting, exempts certain remittances, and requires authorised dealers and IFSC units to file quarterly statements in Forms 147 and 148.
221
Form for furnishing certificate of accountant under section 398(2) for person responsible for deduction or collection of tax as per section 394(1) [Table: Sl. Nos. 1 to 5 and 9] not to be deemed to be an assessee in default
Rules 201-260
Rule 221 prescribes Form No. 149 (non-deduction or short deduction) and Form No. 150 (non-collection or short collection) for the accountant's certificate under section 398(2), furnished to the Director General of Income-tax (Systems).
222
Notice of demand under section 289 (advance tax order under section 407)
Rules 201-260
Rule 222 repeats that, irrespective of rule 179, the notice of demand under section 289 served pursuant to an order under section 407 is in Form No. 151.
223
Estimate of advance tax under section 407(8)
Rules 201-260
Rule 223 prescribes Form No. 152 for the intimation an assessee sends to the Assessing Officer under section 407(8) about the estimate of advance tax.
224
Form of statement under section 413 or section 414
Rules 201-260
Rule 224 prescribes Form No. 153 for the statement a Tax Recovery Officer draws up under section 413 or 414.
225
Procedure for recovery of tax for the purposes of sections 413 and 475
Rules 201-260
Rule 225 sets the procedure a Tax Recovery Officer follows to recover arrears under a certificate: a fifteen-day notice, attachment and sale of movable and immovable property, arrest and detention, and appointment of a receiver, with detailed provisions on proclamations, auctions, setting aside sales, claims, appeals and limits.
226
Tax recovery officer to exercise or perform certain powers and functions of an Assessing Officer under section 413
Rules 201-260
Rule 226 lets the Chief Commissioner or Commissioner authorise a Tax Recovery Officer to exercise, concurrently with the Assessing Officer, the power under section 287 to rectify a mistake apparent from record in an order on which the Officer has drawn a certificate under section 413.
227
Prescribed authority for tax clearance certificates under section 420
Rules 201-260
Rule 227 names the prescribed authority for section 420: the Chief Commissioner or Director-General with jurisdiction over persons not domiciled in India for section 420(1), the Chief Commissioner having jurisdiction over persons domiciled in India for section 420(3), and the Assessing Officer for applications under section 420(5).
228
Forms and certificates for the purposes of section 420
Rules 201-260
Rule 228 prescribes the forms for section 420: Form No. 154 for an undertaking from a person not domiciled in India, Form No. 155 for a no-objection certificate, Form No. 156 for information from a person domiciled in India, Form No. 157 and 158 for applications, and Form No. 159 for a tax clearance certificate.
229
Production of certificate under section 420
Rules 201-260
Rule 229 requires a person leaving India to produce the tax clearance certificate or exemption certificate to a Customs Officer for examination on request.
230
Refund claim under section 434
Rules 201-260
Rule 230 prescribes Form No. 160 for a refund claim under section 434, made by the claimant or a duly authorised agent with a copy of the agreement or other arrangement referred to in section 434.
231
Form of application under section 440
Rules 201-260
Rule 231 prescribes Form No. 161 for the application to the Assessing Officer for immunity from imposition of penalty under section 439 and from initiation of proceedings under section 478 or 479.
232
Service of notice, summons, requisition, order and other communication under section 501
Rules 201-260
Rule 232 lists the postal and e-mail addresses to which a notice, summons, requisition, order or other communication under the Act may be delivered or transmitted for section 501(1) — the PAN database, the return, Forms 98 and 165, the Ministry of Corporate Affairs website for companies, Aadhaar and other government or utility records — unless the addressee has given another address in writing.
233
Authentication of notices and other documents
Rules 201-260
Rule 233 says a notice or document sent electronically by an income-tax authority is deemed authenticated if the authority's name and office appear on the e-mail or attachment and it comes from the designated e-mail address, or, for an electronic record, if the name and office appear and it is displayed on the designated website.
234
Furnishing of annual statement by a non-resident having liaison office in India
Rules 201-260
Rule 234 requires a non-resident with a liaison office in India to furnish the annual statement under section 505 in Form No. 162 within eight months from the end of the financial year, electronically under digital signature and verified by a Chartered Accountant or the authorised signatory.
235
Information or documents to be furnished under section 506
Rules 201-260
Rule 235 requires an Indian concern covered by section 506 to furnish Form No. 163 within ninety days of the financial year end — or of the transaction where management or control passes — when shares of or interests in a foreign company or entity under section 9(10)(a) are transferred, to keep eleven categories of documents, and to retain them for eight years.
236
Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity
Rules 201-260
Rule 236 prescribes Form No. 164 for the statement a producer of cinematograph films, or a person in a specified activity, furnishes under section 507 for each tax year, within sixty days from the end of the tax year, to the Director General of Income-tax (Systems).
237
Furnishing of statement of financial transaction
Rules 201-260
Rule 237 requires banks, post offices, issuers of bonds, shares and cards, insurers, authorised dealers, the Registrar and others to furnish Form No. 165 by 31 May after the financial year for twelve types of transaction above set values, aggregated per person, and sets pre-filing data returns, designated-director duties and signing.
238
Definitions (reporting financial institutions)
Rules 201-260
Rule 238 defines the terms used in the reportable-account rules 239 and 240, including financial account, financial asset, financial institution (custodial, depository, investment entity and specified insurance company), excluded account, non-participating and non-reporting financial institutions.
239
Information to be maintained and reported (reporting financial institutions)
Rules 201-260
Rule 239 lists the information a reporting financial institution maintains and reports for each reportable account — account holder or controlling person identity, account number, balance and income — in Form No. 166 by 31 May following the calendar year, with a nil statement if there is none, and the duties of the Designated Director.
240
Due diligence requirement (reporting financial institutions)
Rules 201-260
Rule 240 sets how a reporting financial institution identifies reportable accounts: it defines documentary evidence, high and lower value accounts and pre-existing and new accounts, and prescribes review of electronic records and paper files, self-certifications and indicia searches for pre-existing individual and entity accounts and for new accounts.
241
Definitions for purposes of rules 242, 243 and 244
Rules 201-260
Rule 241 defines the terms used in the crypto-asset reporting rules, including reporting crypto-asset service provider, crypto-asset user, relevant crypto-asset, exchange transaction, reportable retail payment transaction, excluded person and active entity.
242
Obligation for reporting transaction of crypto-asset under section 509
Rules 201-260
Rule 242 makes a reporting crypto-asset service provider subject to reporting and due diligence in India if it is resident, incorporated, managed or has a regular place of business here, or acts through an Indian branch, with relief where the requirements are completed in a partner jurisdiction.
243
Reporting requirements for transaction of crypto-asset under section 509
Rules 201-260
Rule 243 sets what a reporting crypto-asset service provider reports for each relevant calendar year from 1 January 2026 on each reportable user — identity, tax residence and TIN, and aggregate amounts, units and transaction counts by type of crypto-asset and by category of acquisition, disposal and transfer — valued as the rule prescribes and furnished in Form No. 167.
244
Due diligence procedures under section 509
Rules 201-260
Rule 244 requires a reporting crypto-asset service provider to obtain and check a self-certification of tax residence from each individual and entity crypto-asset user, to identify controlling persons of entities that are not excluded persons or active entities, and to act on changes of circumstances, relying on anti-money-laundering and know-your-customer information where it meets the specified standard.
245
Annual Information Statement
Rules 201-260
Rule 245 requires the Director General of Income-tax (Systems) to upload an annual information statement in Form No. 168 to the assessee's registered account within ninety days from the end of the month the information is received, covering tax deducted, specified financial transactions, taxes paid, demands and refunds, and pending and completed proceedings.
246
Application for registration as valuer under section 514
Rules 201-260
Rule 246 sets how to apply for registration as a valuer under section 514 — Form No. 169 with a non-refundable fee of Rs. 10,000 — and the transitional rules for pending applications and for valuers already registered under the Wealth-tax Act, 1957, who must update their details by 30 September 2026, and for the examination requirement.
247
Qualification of registered valuer for the purposes of section 514
Rules 201-260
Rule 247 sets the qualifications for registration as a valuer for ten classes of asset — immovable property, agricultural land, plantations, forests, mines and quarries, securities and business assets, machinery and plant, jewellery, works of art, and life interests — the disqualifications, the six-month decision period, and the definition of a recognised university.
248
Charging of fee and submission of valuation report under section 514
Rules 201-260
Rule 248 caps a registered valuer's fee on a sliding scale from 1/2% on the first Rs. 5,00,000 down to 1/20% on the balance, treats several assets valued for one assessee as a single asset, sets a Rs. 5,000 minimum, and prescribes Form No. 170 for the valuation report.
249
Removal from register of names of valuers and restoration
Rules 201-260
Rule 249 lets the senior Commissioner or Director General remove a valuer from the register for registration by error or misrepresentation, or for conviction with imprisonment or misconduct, after a hearing, restore a name for sufficient cause, review all registered valuers once in five years, and hold inquiries with civil-court powers.
250
Definitions for the purposes of rules 251 to 268
Rules 201-260
Rule 250 defines "adjudicating authority", "authorised income-tax practitioner", "prescribed authority" for section 515(5)(b), "register" and "specified authority" for the rules on income-tax practitioners.
251
Accountancy examinations recognised (authorised income-tax practitioners)
Rules 201-260
Rule 251 lists six accountancy examinations recognised for section 515(3)(a)(v), including the National Diploma in Commerce with Advanced Accountancy and Auditing as an elective, the Government Diploma in Company Secretaryship, the final examinations of the Institute of Company Secretaries of India and The Institute of Cost Accountants of India, departmental examinations of the Central Board of Direct Taxes, and the Revenue Audit Examination for Section Officers.
252
Educational qualifications prescribed (authorised income-tax practitioners)
Rules 201-260
Rule 252 prescribes a degree in Commerce or Law from an Indian university (or deemed university or degree-granting institution) or from a foreign institution recognised as equivalent by the Association of Indian Universities, as the qualification for section 515(3)(a)(vi).
253
Nature of business relationship (authorised income-tax practitioners)
Rules 201-260
Rule 253 defines "business relationship" for section 515(3)(b)(ii)(H) as any transaction for a commercial purpose, other than professional services an auditor may lawfully provide and transactions at fair market price in the normal course of the company's business.
254
Appearance by Authorised Representative in certain cases
Rules 201-260
Rule 254 says "any other person", for a company or limited liability partnership, under section 515(3)(a)(ix) is the interim resolution professional, resolution professional or liquidator appointed by the Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016.
255
Register of income-tax practitioners (authorised income-tax practitioners)
Rules 201-260
Rule 255 requires every specified authority to maintain a register of authorised income-tax practitioners to whom certificates of registration have been issued under rule 257, in the form and manner the Director General of Income-tax (Systems) specifies with the Board's approval.
256
Application for registration (authorised income-tax practitioners)
Rules 201-260
Rule 256 requires a person to apply in Form No. 171 to the Chief Commissioner or Commissioner in whose area he practises, with documentary proof of eligibility under section 515(3)(a)(v), (vi), (vii) or (viii), and requires practitioners already registered under the old Act to update their details by 30 September 2026.
257
Certificate of registration (authorised income-tax practitioners)
Rules 201-260
Rule 257 requires the specified authority, if satisfied that the applicant meets the requirements of section 515(3)(a)(v), (vi), (vii) or (viii) and has practised before income-tax authorities for at least one year, to enter the name in the register and issue a certificate of registration.
258
Cancellation of certificate (authorised income-tax practitioners)
Rules 201-260
Rule 258 says a certificate of registration is cancelled when the holder's name is removed from the register, and requires the Chief Commissioner or Commissioner to notify the practitioner, other Chief Commissioners and Commissioners, and the Appellate Tribunal.
259
Cancellation of certificate obtained by misrepresentation (authorised income-tax practitioners)
Rules 201-260
Rule 259 requires the specified authority to remove a practitioner's name if the certificate was obtained by misrepresenting an essential fact, but only after a reasonable opportunity of being heard.
260
Removal of name of authorised income-tax practitioner who is insolvent or on whom penalty has been imposed
Rules 201-260
Rule 260 requires the name of a practitioner to be removed from the register for the period he is disqualified to represent an assessee under section 515(4)(b) or (c), and re-entered only after that period.
261
Prescribed authority to order an inquiry (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 261 says an order disqualifying an authorised income-tax practitioner under section 515(5)(b) can be passed only after an inquiry held, as far as may be, in accordance with rules 262 to 267.
262
Charge-sheet (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 262 requires the prescribed authority, if of the opinion that a practitioner is prima facie guilty of misconduct in income-tax proceedings, to frame definite charges and communicate them in writing with a statement of allegations, and to require a written defence and whether the practitioner wants a personal hearing.
263
Inquiry Officer (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 263 requires the prescribed authority, unless it conducts the inquiry itself, to appoint an Inquiry Officer not below the rank of Assistant Commissioner of Income-tax and to tell the practitioner.
264
Proceedings before Inquiry Officer (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 264 sets how the Inquiry Officer proceeds: inquire into charges not admitted, consider documentary and oral evidence, allow the practitioner to cross-examine witnesses and give evidence, record reasons for declining to examine a witness, and report findings on each charge.
265
Order of the prescribed authority (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 265 requires the prescribed authority to consider the Inquiry Officer's report and record findings on each charge, giving reasons if it disagrees, and, if the practitioner is guilty of misconduct, to disqualify him for such period as it determines and remove his name from the register for that period, supplying a copy of the report and findings.
266
Procedure if no Inquiry Officer appointed (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 266 applies the procedure in rules 264 and 265 to the extent possible where the prescribed authority conducts the inquiry itself.
267
Change of Inquiry Officer (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 267 lets the prescribed authority appoint another Inquiry Officer (not below Assistant Commissioner of Income-tax) if the Inquiry Officer has to be changed during an inquiry, with proceedings continuing from where the predecessor left off.
268
Powers of prescribed authority and Inquiry Officer (inquiry against an authorised income-tax practitioner)
Rules 261-310
Rule 268 gives the prescribed authority and the Inquiry Officer the powers of a court under the Code of Civil Procedure, 1908 for discovery and inspection, enforcing attendance and examining on oath, compelling production of books and documents, and issuing commissions, in proceedings under rules 261 to 267.
269
Procedure to be followed in calculating interest under section 533(2)(u)
Rules 261-310
Rule 269 sets how interest payable by an assessee or by the Central Government is calculated: whole months for annual interest, any part of a month counted as a full month where interest runs for every month or part of a month, and the sum rounded down to the nearest multiple of Rs. 100.
270
Determination of income, being partly from agricultural and partly from business
Rules 261-310
Rule 270 lets the market value of agricultural produce raised by the assessee or received as rent in kind be deducted from business income where the produce was used as raw material in the business or its sale receipts are in the business accounts, with market value defined by average selling price or by cost plus a reasonable profit.
271
Income from manufacture of rubber, coffee and tea
Rules 261-310
Rule 271 treats income from the sale of specified rubber, coffee and tea products as business income of which a fixed percentage is taxable — 35% for the listed rubber products, 25% for cured coffee, 40% for roasted and ground coffee and 40% for tea — with an allowance for replanting.
272
Deduction in respect of expenditure on production of feature films
Rules 261-310
Rule 272 sets when a film producer deducts the cost of producing a feature film certified for release: in full in the year of certification if all exhibition rights are sold, or the film is released at least ninety days before year end, and otherwise only up to the amounts realised, with the balance carried forward, and conditions on crediting the receipts in the books.
273
Deduction in respect of expenditure on acquisition of distribution rights of feature films
Rules 261-310
Rule 273 applies the same timing rules as rule 272 to a film distributor's cost of acquiring a feature film — deducted in full in the year of acquisition if all rights are sold or the film is released at least ninety days before year end, otherwise limited to amounts realised with the balance carried forward — with matching conditions on crediting receipts.
274
Procedure for investment fund for availing benefit under section 9(12) read with Schedule I to Act
Rules 261-310
Rule 274 sets the look-through for institutional investors, the tolerances for temporary non-fulfilment of the fund conditions, the 26% test for controlling or managing a business, the minimum fund manager remuneration, the accountant's report in Form No. 172 and related definitions, for investment funds claiming the benefit of section 9(12) read with Schedule I.
275
Approval of the investment fund at its option for purposes of section 9(12)
Rules 261-310
Rule 275 lets an investment fund seek the Board's approval of its eligibility for section 9(12) by applying to the Member, Central Board of Direct Taxes three months before the tax year, with a committee's review, a decision within two months, continuing effect and withdrawal on misrepresentation or breach.
276
Statement to be furnished by eligible investment fund under section 9(12) read with Schedule I to the Act
Rules 261-310
Rule 276 requires an eligible investment fund to furnish the statement under paragraph 1(4) of Schedule I in Form No. 173 each financial year, electronically under digital signature, to the Assessing Officer who has or would have had jurisdiction over the fund.
277
Calculation of taxable interest relating to contribution in a provident fund or recognised provident fund, exceeding specified limit
Rules 261-310
Rule 277 computes taxable interest on provident fund contributions above the threshold as the interest accrued in a separate "taxable contribution account", kept from tax year 2021-22, with a threshold of Rs. 5,00,000 where the employer makes no contribution and Rs. 2,50,000 otherwise.
278
Conditions for purposes of Schedule III [Table: Sl. No. 8] to the Act
Rules 261-310
Rule 278 limits the exemption for travel concession or assistance from an employer to the amount actually spent, capped by class of travel — air, rail or other transport, with Rs. 30 per kilometre where no public transport exists — for two journeys in a block of four calendar years from 2022, with a carry-over and a limit on children.
279
Limits for the purposes of Schedule III [Table: Sl. No. 11] to the Act
Rules 261-310
Rule 279 limits the exempt special allowance for house rent to the least of the actual allowance received, the rent paid above one-tenth of salary, and 50% of salary in eight named metropolitan cities or 40% elsewhere, for the period the accommodation was occupied.
280
Allowances for purposes of Schedule III [Table: Sl. Nos. 12 and 13] to the Act
Rules 261-310
Rule 280 lists the allowances that are exempt for Schedule III [Table: Sl. No. 12] — travel, transfer, daily charges, conveyance, helper, academic and uniform allowances — and fifteen allowances with the place and the monthly limit for Schedule III [Table: Sl. No. 13], and restricts the exemption for an employee who has opted under section 202(4).
281
Circumstances and conditions for purposes of Schedule III [Table: Sl. No. 16] to the Act
Rules 261-310
Rule 281 lists the circumstances of death of a member of the armed forces or para-military forces in the course of operational duties for Schedule III [Table: Sl. No. 16] — terrorist attacks, action against extremists, war, peacekeeping, border skirmishes, mine operations, and aid to civil power — and requires the Head of Department or service headquarters to certify it.
282
Notification of pension fund and other conditions to be satisfied by the pension fund
Rules 261-310
Rule 282 lists the other conditions a foreign pension fund must meet to be notified under Schedule V [Table: Sl. No. 7, Note 5(a)(iii)] — regulation under foreign law, a retirement-benefit purpose, no private benefit from earnings or assets, quarterly reporting of Indian investments in Form No. 175, and a return with an accountant's certificate in Form No. 176 — and the application for notification.
283
Computation of minimum investment and exempt income for purposes of Schedule V [Table: Sl. No. 7] to Act
Rules 261-310
Rule 283 sets the formulas for the minimum investment percentages and exempt income under Schedule V [Table: Sl. No. 7] for eligible Alternative Investment Funds, domestic companies and NBFCs that invest in infrastructure, the Form No. 177 report of funds received, and the definitions including "eligible investment" between 1 April 2020 (or 2021) and 31 March 2030.
284
Conditions for the purpose of Schedule VI [Table: Sl. No. 5] to the Act
Rules 261-310
Rule 284 exempts a non-resident's income from non-deliverable forward contracts, offshore derivative instruments or over-the-counter derivatives, and from distributions on them, if the contract is with an offshore banking unit (or a foreign portfolio investor unit) in an International Financial Services Centre and is not entered into through the non-resident's permanent establishment in India.
285
Computation of exempt income in nature of capital gains in connection with relocation of original fund, etc
Rules 261-310
Rule 285 gives the formula (A × B) / C for the capital gains of a specified fund exempt under Schedule VI [Table: Sl. No. 10] on transfer of shares received in a relocation from the original fund, by the non-resident share of assets under management, and makes the exemption nil unless Form No. 178 is filed with an accountant's certificate in Form No. 179.
286
Requirements for approval of a fund for welfare of employees and their dependents under Schedule VII [Table: Sl. No. 2] to Act
Rules 261-310
Rule 286 sets the requirements for approval of an employees' welfare fund: it is formed under a trust with a deed, funded by employees' periodical subscriptions, and approved on an application in Form No. 180 by the Principal Commissioner or Commissioner, for up to three tax years at a time.
287
Percentage of Government grant for considering any University, hospital, or any other institution, as substantially financed by the Government for purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to Act
Rules 261-310
Rule 287 treats a university, educational institution, hospital or other institution as substantially financed by the Government for a tax year if the Government grant for that year exceeds 50% of its total receipts, including donations.
288
Procedure for setting up an Infrastructure Debt Fund for purpose of exemption under Schedule VII [Table: Sl. No. 46] to Act
Rules 261-310
Rule 288 sets the conditions for an Infrastructure Debt Fund to qualify for the Schedule VII [Table: Sl. No. 46] exemption: it is set up as an NBFC, invests only in operational infrastructure projects or toll-operate-transfer projects, raises funds by specified routes, keeps single-project exposure to 20% of its corpus, and avoids projects where its specified shareholder has a substantial interest.
289
Rules for functioning of an electoral trust
Rules 261-310
Rule 289 sets how an electoral trust must function: who it may take contributions from, no cash, PAN or passport number required, receipts, limits on its own spending, distribution of at least 95% to registered political parties before 31 March, no benefit to members or contributors, books, audit in Form No. 181, and notice of changes in shareholders.
290
Report of audit of accounts to be furnished under Schedule IX read with section 48 for deduction for tea development account, coffee development account and rubber development account
Rules 261-310
Rule 290 prescribes Form No. 182 for the audit report required under paragraph 2 of Schedule IX read with section 48, for the deduction for tea, coffee and rubber development accounts.
291
Report of audit of accounts to be furnished under Schedule X read with section 49 for deduction for site restoration fund
Rules 261-310
Rule 291 prescribes Form No. 183 for the audit report required under paragraph 2 of Schedule X read with section 49, for the deduction for a site restoration fund.
292
Investment of fund moneys (recognised provident fund)
Rules 261-310
Rule 292 requires provident fund contributions and accruals to be invested in five categories with set percentages — Government securities at least 45%, debt instruments at least 35%, short-term debt up to 5%, equities at least 5%, and asset-backed and miscellaneous investments up to 5% — with uninvested funds held in post office or scheduled bank accounts.
293
Nomination (recognised provident fund)
Rules 261-310
Rule 293 lets an employee, if the trustees permit, nominate persons to receive the fund balance on death, in Form No. 184, in favour of family members where there is a family, with shares stated, guardian provisions for minors, and rules on invalidity and modification.
294
Accounts (recognised provident fund)
Rules 261-310
Rule 294 requires provident fund accounts to be prepared at intervals of no more than twelve months, kept per subscriber in Form No. 185, with an abstract for each employee furnished to the Assessing Officer by 15 June, and a yearly statement sent to each member.
295
Assigning or creating a charge on beneficial interest in a recognized provident fund
Rules 261-310
Rule 295 says that if an employee assigns or creates a charge on a beneficial interest in a recognised provident fund, the Assessing Officer gives notice, and if it is not cancelled within two months of receipt, the consideration received is treated as income of the year in which the Officer learnt of it.
296
Application for recognition (recognised provident fund)
Rules 261-310
Rule 296 requires the employer to apply in Form No. 186, with the trust deed and fund rules, through the Assessing Officer of the area where the accounts are kept, and requires funds recognised on or before 31 March 2006 that have not applied since to make a fresh application.
297
Order of recognition (recognised provident fund)
Rules 261-310
Rule 297 makes an order of recognition take effect from the first day of the month after the month the application is received (or a later month in the same financial year at the employer's request), with recognition possible from 1 April of the financial year of application if the delay in applying had sufficient reason.
298
Withdrawal of recognition (recognised provident fund)
Rules 261-310
Rule 298 lets the approving authority withdraw recognition of a provident fund that fails the conditions in Part A of the Fourth Schedule to the old Act or Parts A and C of Schedule XI, including when exemption under section 17 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 is withdrawn, after giving the employer and trustees a chance to show cause.
299
Exemption from tax when recognition withdrawn (recognised provident fund)
Rules 261-310
Rule 299 says that if recognition of a provident fund is withdrawn, the balance to each employee's credit at the end of the previous financial year is paid free of tax when received, subject to paragraph 9 of Part A of Schedule XI, and the rest of the accumulated balance is taxed as if the fund had never been recognised.
300
Appeal under paragraph 13(1) of Part A of Schedule XI to the Act
Rules 261-310
Rule 300 prescribes Form No. 187 for an appeal under paragraph 13(1) of Part A of Schedule XI, verified as the form indicates and accompanied by a fee of Rs. 1,000.
301
Definitions for purposes of rules 302 to 315
Rules 261-310
Rule 301 defines "approving authority", "beneficiary", "fund" and "trust" for the rules on approved superannuation funds, including a fund set up solely to pay pension or family pension to employees.
302
Conditions regarding trust and trustees (approved superannuation fund)
Rules 261-310
Rule 302 requires a superannuation fund and its trust to be established in India, with at least two trustees (a company only with the approving authority's prior approval), all resident in India, and requires a trustee who leaves India permanently to vacate office.
303
Investment of fund moneys (approved superannuation fund)
Rules 261-310
Rule 303 lets a superannuation fund keep its moneys in a Post Office Savings Bank Account in India, a current or savings account with a scheduled bank, or use them for payments under an insurance scheme or to buy annuities under rule 307.
304
Admission of directors to a fund (approved superannuation fund)
Rules 261-310
Rule 304 allows a company director to receive benefits from a superannuation fund only if he is a whole-time bona fide employee and does not beneficially own shares carrying more than 5% of the total voting power.
305
Ordinary annual contributions (approved superannuation fund)
Rules 261-310
Rule 305 limits the employer's yearly contribution to a superannuation fund for each employee to 27% of the employee's salary for the year, reduced by the employer's contributions to a provident fund for the same employee in that year.
306
Initial contributions (approved superannuation fund)
Rules 261-310
Rule 306 limits, for the deduction under section 29(1)(a), the employer's initial contribution to a superannuation fund for an employee's past services to 27% of salary for each year of past service, reduced by the employer's provident fund contributions for each such year, subject to any condition the Board specifies.
307
Scheme of insurance or annuity (approved superannuation fund)
Rules 261-310
Rule 307 requires trustees to provide annuities by entering into an insurance scheme with the Life Insurance Corporation or another insurer, or by accumulating contributions per beneficiary and buying an annuity at retirement, death or incapacity, with an exception for irrevocable pension trusts under listed bank and financial institution statutes.
308
Commutation of annuity (approved superannuation fund)
Rules 261-310
Rule 308 limits a payment in commutation of an annuity to the commuted value of one-third of the annuity where the employee receives gratuity, and one-half otherwise, valued by age, health, interest rate and officially recognised mortality tables.
309
Beneficiary not to have any interest in insurance and employer not to have any interest in moneys of fund (approved superannuation fund)
Rules 261-310
Rule 309 says a beneficiary has no interest in an insurance policy the trustees take out and is entitled only to an annuity from the fund, and that no money of the fund is receivable by the employer, who has no lien or charge on it.
310
Penalty, where employee assigns or charges interest in fund (approved superannuation fund)
Rules 261-310
Rule 310 provides that if an employee assigns or charges a beneficial interest in a fund, the Assessing Officer gives notice, and if the assignment or charge is not cancelled within two months of receipt, the consideration received is treated as the employee's income of the year in which the Officer learned of it.
311
Arrangements on winding up, etc., of business (approved superannuation fund)
Rules 311-333
Rule 311 requires trustees, when the employer's business is to be closed or discontinued, to make suitable arrangements for annuities for current employees, or their widows, children or dependants, with the approving authority's prior approval and conditions.
312
Arrangements for winding up, etc., of fund (approved superannuation fund)
Rules 311-333
Rule 312 makes any arrangement for winding up a superannuation fund, or amalgamating it with another fund, subject to the approving authority's prior approval and conditions.
313
Application of approval (approved superannuation fund)
Rules 311-333
Rule 313 prescribes Form No. 188 for an application for approval of a superannuation fund under paragraph 4(1) of Part B of Schedule XI, verified as the form indicates.
314
Amendment of rules, etc., of fund (approved superannuation fund)
Rules 311-333
Rule 314 forbids any alteration in the rules, constitution, objects or conditions of an approved fund without the approving authority's prior approval.
315
Appeal under paragraph 9(1) of Part B of Schedule XI to the Act in case of superannuation fund
Rules 311-333
Rule 315 prescribes Form No. 187 for an appeal under paragraph 9(1) of Part B of Schedule XI relating to a superannuation fund, verified as the form indicates and accompanied by a fee of Rs. 1,000.
316
Definitions for purposes of rules 317 to 329
Rules 311-333
Rule 316 defines "approving authority", "beneficiary", "fund" (a gratuity fund) and "trust" for the rules on approved gratuity funds.
317
Conditions regarding trust and trustees (approved gratuity fund)
Rules 311-333
Rule 317 requires a gratuity fund and its trust to be established in India, with at least two trustees (a company only with the approving authority's prior approval), all resident in India, and requires a trustee who leaves India permanently to vacate office.
318
Investment of fund moneys (approved gratuity fund)
Rules 311-333
Rule 318 lets a gratuity fund keep its moneys in a Post Office Savings Bank Account in India, a current or savings account with a scheduled bank, or use them for contributions under a Group Gratuity Scheme with the Life Insurance Corporation of India or another insurer.
319
Nomination (approved gratuity fund)
Rules 311-333
Rule 319 lets an employee, if the trustees allow, nominate persons in Form No. 184 to receive gratuity on death, in favour of family members where there is a family, with shares stated, guardian provisions for minors, and rules on invalidity and modification.
320
Admission of directors to a fund (approved gratuity fund)
Rules 311-333
Rule 320 allows a company director to be admitted to a gratuity fund's benefits only if he is a whole-time bona fide employee and does not beneficially own shares carrying more than 5% of the total voting power.
321
Ordinary annual contributions (approved gratuity fund)
Rules 311-333
Rule 321 requires the employer's ordinary annual contribution to a gratuity fund to be made on a reasonable basis approved by the approving authority, having regard to each employee's length of service, and not to exceed 8% of each employee's salary in the year.
322
Initial contributions (approved gratuity fund)
Rules 311-333
Rule 322 limits the deduction for an employer's initial contribution to a gratuity fund for the past services of an employee admitted to its benefits to 8% of the employee's salary for each year of past service.
323
Assigning or creating a charge on beneficial interest in a gratuity fund (approved gratuity fund)
Rules 311-333
Rule 323 provides that if an employee assigns or charges a beneficial interest in a gratuity fund, the Assessing Officer gives notice, and if it is not cancelled within two months of receipt, the consideration received is treated as the employee's income of the year in which the Officer learned of it.
324
Employer not to have interest in fund moneys (approved gratuity fund)
Rules 311-333
Rule 324 says no money of the gratuity fund is receivable by the employer under any circumstances and the employer has no lien or charge on the fund.
325
Arrangements for winding up, etc., of business (approved gratuity fund)
Rules 311-333
Rule 325 requires trustees, where the employer's trade or undertaking is to be wound up or discontinued, to make satisfactory arrangements for paying gratuity to existing beneficiaries, with the approving authority's prior approval and conditions.
326
Arrangements for winding up of the fund (approved gratuity fund)
Rules 311-333
Rule 326 makes any arrangement for winding up a gratuity fund, or amalgamating it with another fund, subject to the approving authority's prior approval and conditions.
327
Application for approval (approved gratuity fund)
Rules 311-333
Rule 327 prescribes Form No. 188 for an application for approval of a gratuity fund under paragraph 4(1) of Part B of Schedule XI, verified as the form indicates.
328
Amendment of rules, etc., of fund (approved gratuity fund)
Rules 311-333
Rule 328 forbids any alteration in the rules, constitution, objects or conditions of an approved gratuity fund without the approving authority's prior approval.
329
Appeal under paragraph 9(1) of Part B of Schedule XI to the Act in case of gratuity fund
Rules 311-333
Rule 329 prescribes Form No. 187 for an appeal under paragraph 9(1) of Part B of Schedule XI relating to a gratuity fund, verified as the form indicates and accompanied by a fee of Rs. 1,000.
330
Limits of reserve for unexpired risks
Rules 311-333
Rule 330 limits the amount an insurer other than a life insurer may carry to a reserve for unexpired risks, including the additional reserve under paragraph 4(1)(d) of Schedule XIV, by class of business — 100% of net premium income for fire and engineering insurance covering terrorism risks and for marine insurance, and 50% for other fire and miscellaneous insurance.
331
Procedure for approval under paragraph (1)(z)(i) and (ii) of Schedule XV to the Act
Rules 311-333
Rule 331 sets how the Board approves a public company under paragraph 1(z)(i) or a Mutual Fund under paragraph 1(z)(ii) of Schedule XV — Form No. 189 and 190 for a company or the registration certificate and accounts for a Mutual Fund, filed three months before the issue — the investment of at least 25% of the capital within one year and the rest within three, an accountant's certificate, and withdrawal of approval on default.
332
Electronic furnishing of Forms, returns, statements, reports, orders, certificates, etc
Rules 311-333
Rule 332 lets the Director General of Income-tax (Systems), with the Board's approval, require any of the Forms, returns, statements, reports, orders or certificates in Appendix III to be furnished electronically — under digital signature or through electronic verification code — and sets the Director General's duties on data structure, standards, security and archiving.
333
Electronic payment of tax, interest, fee and penalty
Rules 311-333
Rule 333 requires a company, and any other person to whom the audit provision in section 63 applies, to pay tax, interest, fee and penalty electronically — by internet banking of an authorised bank, or by credit or debit card — on or after the rule commences.

Income Tax Rules, 2026

Short Title and Commencement

Definitions

Indian dividend declaration arrangements (s. 2(42))

Recognised stock exchange (s. 2(92)) (range 4–5)

Recognised stock exchange (s. 2(92)) (range 4–5)

Period of holding (s. 2(101) / s. 67(10))

Zero coupon bond (s. 2(112))

Seafarer day-count (s. 6(6))

NR income determination

Definitions for Rule 11/12

FMV for indirect transfer

Income attribution to Indian assets (s. 9(10))

SEP thresholds

Section 14A disallowance method

Perquisite valuation

RPF / NPS / Super accretion (s. 17(1)(i))

Salary income carve-out (s. 17(1)(c)(ii))

Hospital approval (s. 17(2))

GTI for s. 17(3)

VRS scheme

Unrealised rent (s. 21(4))

Bank advances

ZCB discount (s. 32(d))

Infrastructure facility (s. 32(e))

Depreciation rates

Cash disallowance exceptions (s. 36(4))

Preliminary expenses

Audit report: preliminary expenses and mineral prospecting (s. 44(6), 51(7))

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

R&amp;D / agricultural extension / skill development (range 29–40)

Spectrum fee

Bad debt interest

Audit report: royalty and fees for technical services (s. 59(4))

Cruise ship operators (s. 61(2))

Electronics manufacturing (s. 61(2))

Books of account

Tax audit (s. 63) — Forms 3CA/3CB/3CD

Electronic modes

ULIP capital gain (s. 67(5))

Partner-firm distribution attribution (s. 72(5))

Original fund / IFSC relocation

Rate of exchange: non-resident capital gains (s. 72)

Slump sale FMV

Slump sale audit Form 7

Reference to VO

FMV definitions / methodology (range 56–57)

FMV definitions / methodology (range 56–57)

Gift carve-outs (s. 92(2)(m))

Life insurance receipts (s. 92(2)(l))

Amalgamation carry-forward

Certificate of a medical authority in respect of autism, cerebral palsy and multiple disabilities for the purposes of deduction under section 127 and section 154

Issuance of prescription in respect of certain diseases and ailments for the purpose of deduction under section 128

Prescribed authority for approval of a University or any educational institution of national eminence for purposes of section 133

Procedure for specifying an association or institution for purposes of notification under section 133(1)(a)(xxiv)

Conditions for claim for deduction under section 134

Furnishing of audit report for claiming deduction under section 46 or 138 or 139 or 140 or 141 or 142 or 143 or 144

Form of particulars to be furnished along with return of income for claiming deduction under section 144

Furnishing of report under section 146

Report of accountant to be furnished under section 147(4)(a)

Form of certificate to be furnished under section 151(5)

Prescribed authority and form of certificate to be furnished under section 152(5)

Prescribed authority and form of certificate to be furnished under section 151(6) and section 152(6)

Relief under section 157(1), when salary is paid in arrears or in advance, gratuity, etc

Taxation of income from retirement benefit account maintained in a notified country

Other documents and information to be provided for claiming double taxation relief under section 159(1) and (2)

Foreign tax credit

Meaning of expressions used in determination of arm's length price

Other method for determination of arm's length price

Determination of arm's length price under section 165

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)

R&D / agricultural extension / skill development (range 29–40)