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Income-tax Rules, 1962

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1Preliminary2 rules
Part 1 overview
  • 1Short title and commencement
  • 2Definitions
1

Preliminary

2 rules
  • 1Short title and commencement
  • 2Definitions
2Determination of Income230 rules
Part 2 overview
  • 2ALimits for the purposes of section 10(13A)
  • 2BConditions for the purpose of section 10(5)
  • 2BAGuidelines for the purposes of section 10(10C)
  • 2BBPrescribed allowances for the purposes of clause (14) of section 10
  • 2BBACircumstances and conditions for the purposes of clause (19) of section 10
  • 2BBBPercentage of Government grant for considering university, hospital etc. as substantially financed by the Government for the purposes of clause (23C) of section 10
  • 2BCAmount of annual receipts for the purposes of sub-clauses (iiiad) and (iiiae) of clause (23C) of section 10
  • 2CGuidelines for approval under sub-clauses (iv) and (v) of clause (23C) of section 10
  • 2CAGuidelines for approval under sub-clauses (vi) and (via) of clause (23C) of section 10
  • 2DGuidelines for approval under clause (23F) of section 10
  • 2DAGuidelines for approval under clause (23FA) of section 10
  • 2EGuidelines for approval under clause (23G) of section 10
  • 2FGuidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10
  • 3Valuation of perquisites
  • 3AExemption of medical benefits from perquisite value in respect of medical treatment of prescribed diseases or ailments in hospitals approved by the Chief Commissioner
  • 4Unrealised rent
  • 5Depreciation
  • 5AForm of report by an accountant for claiming deduction under section 32(1)(iia)
  • 5AAPrescribed authority for investment allowance
  • 5ABReport of audit of accounts to be furnished under section 32AB(5)
  • 5ACReport of audit of accounts to be furnished under section 33AB(2)
  • 5ADReport of audit of accounts to be furnished under section 33ABA(2)
  • 5BDevelopment rebate
  • 5CGuidelines, form and manner in respect of approval under clause (ii) and clause (iii) of sub-section (1) of section 35
  • 5DConditions subject to which approval is to be granted to a research association under clause (ii) or clause (iii) of sub-section (1) of section 35
  • 5EConditions subject to which approval is to be granted to a University, College or other Institution under clause (ii) and clause (iii) of sub-section (1) of section 35
  • 5FPrescribed authority, guidelines, form, manner and conditions for approval under clause (iia) of sub-section (1) of section 35
  • 5GOption form for taxation of income from patent under section 115BBF
  • 6Prescribed authority for expenditure on scientific research
  • 6AExpenditure for obtaining right to use spectrum for telecommunication services
  • 6AAPrescribed activities for export markets development allowance
  • 6AAAPrescribed authority for the purposes of sections 35CC and 35CCA
  • 6AABStatement of expenditure for claiming deduction under section 35CC
  • 6AACPrescribed authority for the purposes of section 35CCB
  • 6AADGuidelines for approval of agricultural extension project under section 35CCC
  • 6AAEConditions subject to which an agricultural extension project is to be notified under section 35CCC
  • 6AAFGuidelines for approval of skill development project under section 35CCD
  • 6AAGConditions subject to which a skill development project is to be notified under section 35CCD
  • 6AAHMeaning of expressions used in rule 6AAF and rule 6AAG
  • 6ABForm of audit report for claiming deductions under sections 35D and 35E
  • 6ABAComputation of aggregate average advances for the purposes of clause (viia) of sub-section (1) of section 36
  • 6ABAAInfrastructure facility under clause (d) of the Explanation to clause (viii) of sub-section (1) of section 36
  • 6ABBForm of report for claiming deduction under clause (xi) of sub-section (1) of section 36
  • 6ABBAOther electronic modes
  • 6ACLimits and conditions for allowance of expenditure in certain cases
  • 6BExpenditure on advertisement
  • 6CExpenditure on residential accommodation including guest houses
  • 6DExpenditure in connection with travelling, etc
  • 6DDCases and circumstances in which a payment or aggregate of payments exceeding ten thousand rupees may be made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft or use of electronic clearing system through a bank account or through such other electronic mode as prescribed in rule 6ABBA.]
  • 6DDAConditions that a stock exchange is required to fulfil to be notified as a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43
  • 6DDBNotification of a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43
  • 6DDCConditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43
  • 6DDDNotification of a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43
  • 6ELimits of reserve for unexpired risks
  • 6EASpecial provision regarding interest on bad and doubtful debts of financial institutions, banks, etc
  • 6EBCategories of bad or doubtful debts in the case of a public company under clause (b) of section 43D
  • 6FBooks of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions
  • 6GReport of audit of accounts to be furnished under section 44AB
  • 6GAForm of report of audit to be furnished under sub-section (2) of section 44DA
  • 6HForm of report of an accountant under sub-section (3) of section 50B
  • 7Income which is partially agricultural and partially from business
  • 7AIncome from the manufacture of rubber
  • 7BIncome from the manufacture of coffee
  • 8Income from the manufacture of tea
  • 8AConditions for the grant of development allowance
  • 8AAMethod of determination of period of holding of capital assets in certain cases
  • 8BGuidelines for notification of zero coupon bond
  • 8CComputation of pro rata amount of discount on a zero coupon bond for the purpose of clause (iiia) of sub-section (1) of section 36
  • 8DMethod for determining amount of expenditure in relation to income not includible in total income
  • 9Royalties or copyright fees, etc., for literary or artistic work
  • 9ADeduction in respect of expenditure on production of feature films
  • 9BDeduction in respect of expenditure on acquisition of distribution rights of feature films
  • 9CConditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation
  • 10Determination of income in the case of non-residents
  • 10AMeaning of expressions used in computation of arm's length price
  • 10ABOther method of determination of arm's length price
  • 10BDetermination of arm's length price under section 92C
  • 10CMost appropriate method
  • 10CAComputation of arm's length price in certain cases
  • 10CBComputation of interest income pursuant to secondary adjustments
  • 10DInformation and documents to be kept and maintained under section 92D
  • 10DAMaintenance and furnishing of information and document by certain person under section 92D]
  • 10DBFurnishing of Report in respect of an International Group
  • 10EReport from an accountant to be furnished under section 92E
  • 10FMeaning of expressions used in matters in respect of advance pricing agreement
  • 10GPersons eligible to apply
  • 10HPre-filing consultation
  • 10IApplication for advance pricing agreement
  • 10JWithdrawal of application for agreement
  • 10KPreliminary processing of application
  • 10LProcedure
  • 10MTerms of the agreement
  • 10MARoll Back of the Agreement
  • 10NAmendments to Application
  • 10OFurnishing of Annual Compliance Report
  • 10PCompliance Audit of the agreement
  • 10QRevision of an agreement
  • 10RCancellation of an agreement
  • 10RAProcedure for giving effect to rollback provision of an Agreement
  • 10SRenewing an agreement
  • 10TMiscellaneous
  • 10TADefinitions
  • 10TBEligible assessee
  • 10TCEligible international transaction
  • 10TDSafe Harbour
  • 10TEProcedure
  • 10TFSafe harbour rules not to apply in certain cases
  • 10TGMutual Agreement Procedure not to apply
  • 10THDefinitions
  • 10THAEligible assessee
  • 10THBEligible specified domestic transaction
  • 10THCSafe Harbour
  • 10THDProcedure
  • 10UChapter X-A not to apply in certain cases
  • 10UADetermination of consequences of impermissible avoidance arrangement
  • 10UBNotice, Forms for reference under section 144BA
  • 10UCTime limits
  • 10UDReference to the Approving Panel
  • 10UEProcedure before the Approving Panel
  • 10UFRemuneration
  • 10VGuidelines for application of section 9A
  • 10VAApproval of the fund
  • 10VBStatement to be furnished by the fund
  • 11Determination of income from transactions with non-residents
  • 11AMedical authority for certifying autism, cerebral palsy and multiple disabilities and certificate to be obtained from the medical authority for the purposes of deduction under section 80DD and section 80U
  • 11AARequirements for approval of an institution or fund under section 80G
  • 11BConditions for allowance for deduction under section 80GG
  • 11CPrescribed fields for the purposes of deduction in respect of remuneration received from foreign employers or Indian concerns under section 80RRA
  • 11DPermanent physical disabilities for the purposes of deduction under section 80U
  • 11DDSpecified diseases and ailments for the purpose of deduction under section 80DDB
  • 11EApplication for approval of agreement under section 80-O
  • 11EAGuidelines for specifying industrially backward districts for the purpose of deduction under sub-section (5) of section 80-IB
  • 11EEForm of statement to be furnished under section 115K
  • 11FGeneral
  • 11GComposition of the National Committee
  • 11HHeadquarters and Secretariat
  • 11IFunctions
  • 11JGuidelines for approval of associations and institutions
  • 11KGuidelines for recommending projects or schemes
  • 11LApplication for approval of an association or institution or for recommendation of a project or scheme by the National Committee
  • 11MProcedure before the National Committee
  • 11MAForm of report by an approved association or institution under clause (ii) of sub-section (4) of section 35AC
  • 11MAAForm of report by public sector company or local authority or association or institution, which is carrying out a notified eligible project or scheme, under clause (ii) of sub-section (5) of section 35AC
  • 11NOther provisions
  • 11OCertificate of payment or expenditure in respect of eligible projects or schemes notified under section 35AC
  • 11OAGuidelines for notification of affordable housing project as specified business under section 35AD
  • 11OBGuidelines for notification of a semiconductor wafer fabrication manufacturing unit as specified business under section 35AD
  • 11PApplication for exercising or renewing the option for tonnage tax scheme
  • 11QComputation of deemed tonnage
  • 11RIncidental activities for purposes of relevant shipping income
  • 11SComputation of average of net tonnage for charter-in of tonnage
  • 11TForm of report of an accountant under clause (ii) of section 115VW
  • 11UMeaning of expressions used in determination of fair market value
  • 11UADetermination of fair market value
  • 11UAADetermination of Fair Market Value for share other than quoted share
  • 11UABDetermination of fair market value for inventory
  • 11UACPrescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) section 56
  • 11UBFair market value of assets in certain cases
  • 11UCDetermination of Income attributable to assets in India
  • 12Return of income and return of fringe benefits
  • 12APreparation of return by authorised representative
  • 12BStatement under sub-section (3A) of section 115R
  • 12BAStatement under sub-section (3) of section 115TA
  • 12CStatement under sub-section (2) of section 115U
  • 12CAStatement under sub-section (4) of section 115UA
  • 12CBStatement under sub-section (7) of section 115UB
  • 12CCStatement under sub-section (4) of section 115TCA
  • 12DPrescribed income-tax authority under section 133C
  • 12EPrescribed authority under sub-section (2) of section 143
  • 13Application for extension of time for filing return of income
  • 14Form of verification under section 142
  • 14AForm of audit report under section 142(2A)
  • 14BGuidelines for the purposes of determining expenses for audit
  • 15Notice of demand for regular assessment, etc
  • 16Declaration under section 158A
  • 16APrescribed authority for approving any institution or body established for scientific research
  • 16BPrescribed authority for the purposes of clauses (8A) and (8B) of section 10
  • 16CRequirements for approval of a fund under section 10(23AAA)
  • 16CCForm of report of audit prescribed under tenth proviso to section 10(23C)
  • 16DForm of report for claiming deduction under section 10A
  • 16DDForm of particulars to be furnished along with return of income for claiming deduction under clause (b) of sub-section (1B) of section 10A
  • 16EForm of report for claiming deduction under section 10B
  • 16FForm of report for claiming deduction under section 10BA
  • 17Exercise of option etc under section 11
  • 17AApplication for registration of charitable or religious trusts, etc
  • 17BAudit report in the case of charitable or religious trusts, etc
  • 17CForms or modes of investment or deposits by a charitable or religious trust or institution
  • 17CAFunctions of electoral trusts
  • 17CBMethod of valuation for the purposes of sub-section (2) of section 115TD
  • 17DPrescribed foreign projects for the purposes of deduction in respect of profits and gains from projects outside India under section 80HHB
  • 18Accommodation and amenities to be provided by hotels
  • 18APrescribed authority to certify the daily average number of rehabilitated employees in an industrial undertaking
  • 18AAPrescribed authority for approval of a hotel under section 80CC
  • 18AAAPrescribed authority for approval of a University or any educational institution of national eminence for the purpose of section 80G
  • 18AAAAPrescribed authority for the purpose of receiving separate accounts from trusts or funds or institutions for providing relief to the victims of earthquake in Gujarat
  • 18AAAAAGuidelines for specifying an association or institution for the purposes of notification under clause (c) of sub-section (2) of section 80G
  • 18AABPrescribed authority for approval of companies engaged in Scientific and Industrial Research and Development for the purposes of section 80-IA
  • 18BForm of audit report for claiming deduction under section 80HH
  • 18BBForm of audit report for claiming deduction under section 80HHA
  • 18BBAForm of reports for claiming deduction under section 80HHB or under section 80HHC or under section 80HHD and prescribed authority under section 80HHD
  • 18BBBForm of audit report for claiming deduction under section 80-I or 80-IA or 80-IB or section 80-IC
  • 18BBCPrescribed authority for approval of hotels located in certain areas
  • 18BBDPrescribed authority for approval of companies carrying on scientific and industrial research and development
  • 18BBEComputation of profits of certain activities forming integral part of a highway project for the purpose of section 80-IA
  • 18CEligibility of Industrial Parks for benefits under section 80-IA(4)(iii)
  • 18DPrescribed authority for approval of companies carrying on scientific research and development
  • 18DAPrescribed conditions for deduction under sub-section (8A) of section 80-IB
  • 18DBPrescribed area, facilities and amenities for multiplex theatres and particulars of audit report, for deduction under sub-section (7A) and clause (da) of sub-section (14) of section 80-IB
  • 18DCPrescribed area, facilities and amenities for convention centres and particulars of audit report, for deduction under sub-section (7B) and clause (aa) of sub-section (14) of section 80-IB
  • 18DDForm of report for claiming deduction under sub-section (11B) of section 80-IB
  • 18DDAForm of report for claiming deduction under sub-section (11C) of section 80-IB
  • 18DEPrescribed area, minimum seating capacity, facilities and amenities for convention centres; minimum number of convention halls in the convention centres; and particulars of audit report, for deduction under section 80-ID
  • 19Computation of capital employed in an industrial undertaking or a hotel
  • 19AComputation of capital employed in an industrial undertaking or a ship or the business of a hotel for the purposes of section 80J
  • 19ABForm of report for claiming deduction under section 80JJAA
  • 19ACForm of certificate to be furnished under sub-section (3) of section 80QQB
  • 19ADPrescribed authority for purposes of sub-section (2) of section 80RRB and form of certificate to be furnished under sub-section (2) of section 80RRB
  • 19AEForm of report of accountant to be furnished under sub-section (3) of section 80LA
  • 20Guidelines for approval under clause (xix) of sub-section (2) of section 80C or under clause (xvi) of sub-section (2) of section 88
  • 20AGuidelines for approval under clause (xx) of sub-section (2) of section 80C or under clause (xvii) of sub-section (2) of section 88
  • 20ABEvidence of payment of security transaction tax for claiming deduction under section 88E
  • 21Limits for life insurance premia in the case of authors, etc
  • 21ARelief when salary is paid in arrears or in advance, etc
  • 21AAFurnishing of particulars for claiming relief under section 89(1)
  • 21ABCertificate for claiming relief under an agreement referred to in sections 90 and 90A
  • 21ACFurnishing of authorisation and maintenance of documents etc. for the purposes of section 94A
  • 21ADExercise of option under sub-section (4) of section 115BA
  • 21AEExercise of option under sub-section (5) of section 115BAA
  • 21AFExercise of option under sub-section (7) of section 115BAB
  • 21BRelief when interest on securities is received in arrears
2

Determination of Income

230 rules
  • 2ALimits for the purposes of section 10(13A)
  • 2BConditions for the purpose of section 10(5)
  • Browse 228 more provisions
5Registration of Firms5 rules
Part 5 overview
  • 22Application for registration of a firm
  • 23Intimation regarding subsequent changes in constitution, etc
  • 24Declaration for continuation of registration
  • 24ACommunication regarding partner who is a benamidar
  • 25Certificate of registration
5

Registration of Firms

5 rules
  • 22Application for registration of a firm
  • 23Intimation regarding subsequent changes in constitution, etc
  • Browse 3 more provisions
6Deduction of Tax At Source37 rules
Part 6 overview
  • 26Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency
  • 26AFurnishing of particulars of income under the head "Salaries"
  • 26BStatement of particulars of income under heads of income other than "Salaries" for deduction of tax at source
  • 26CFurnishing of evidence of claims by employee for deduction of tax under section 192
  • 27Prescribed arrangements for declaration and payment of dividends within India
  • 28Application for grant of certificates for deduction of income-tax at any lower rates or no deduction of income-tax
  • 28AStatement by shareholder claiming receipt of dividend without deduction of tax
  • 28AACertificate for deduction at lower rates or no deduction of tax from income other than dividends
  • 28ABCertificate of no deduction of tax in case of certain entities
  • 29Certificate of no deduction of tax or deduction at lower rates from dividends
  • 29AForm of certificate to be furnished along with the return of income under sub-section (4) of section 80QQB, sections 80R, 80RR and 80RRA, and sub-section (3) of section 80RRB and the prescribed authority for the purposes of sub-section (4) of section 80QQB and sub-section (3) of section 80RRB
  • 29AAForm of certificate to be filed with the return of income for claiming deduction under section 80-O
  • 29BApplication for certificate authorising receipt of interest and other sums without deduction of tax
  • 29CDeclaration by person claiming receipt of certain incomes without deduction of tax
  • 29DForm of declaration under second proviso/third proviso to clause (i) of sub-section (3) of section 194C
  • 30Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192
  • 30ACredit for tax deducted at source to a person other than the shareholder in certain circumstances
  • 31Certificate of tax deducted at source to be furnished under section 203
  • 31AStatement of deduction of tax under sub-section (3) of section 200
  • 31AAStatement of collection of tax under proviso to sub-section (3) of section 206C
  • 31ABAnnual statement of tax deducted or collected or paid
  • 31ACMaintenance of particulars of time deposits by a banking company for furnishing quarterly return under section 206A
  • 31ACAQuarterly return under section 206A
  • 31ACBForm for furnishing certificate of accountant under the first proviso to sub-section (1) of section 201
  • 32Monthly statement or certificate of deduction of tax from "Salaries"
  • 33Statement of deduction of tax from contributions paid by the trustees of an approved superannuation fund
  • 34Return in lieu of monthly return under rule 32
  • 35Annual return of salaries paid and tax deducted therefrom
  • 36Prescribed persons for section 206
  • 36APrescribed authority for purposes of section 206
  • 37Prescribed returns regarding tax deducted at source under section 206
  • 37AReturns regarding tax deducted at source in the case of non-residents
  • 37AAReturn of interest paid to residents without deduction of tax
  • 37BReturns regarding tax deducted at source on computer media under sub-section (2) of section 206
  • 37BACredit for tax deducted at source for the purposes of section 199
  • 37BBFurnishing of information for payment to a non-resident, not being a company, or to a foreign company
  • 37BCRelaxation from deduction of tax at higher rate under section 206AA
6

Deduction of Tax At Source

37 rules
  • 26Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency
  • 26AFurnishing of particulars of income under the head "Salaries"
  • Browse 35 more provisions
6ACollection of Tax At Source16 rules
Part 6A overview
  • 37CDeclaration by a buyer for no collection of tax at source under section 206C(1A)
  • 37CATime and mode of payment to Government account of tax collected at source under section 206C
  • 37CBClass or classes of buyers to whom provisions of sub-section (1D) of section 206C shall not apply
  • 37DCertificate of tax collected at source under section 206C(5)
  • 37EPrescribed returns regarding tax collected at source under section 206C(5A)
  • 37EAReturns regarding tax collected at source on computer media under sub-section (5B) of section 206C
  • 37FPrescribed authority for purposes of section 206C(5A)
  • 37GApplication for certificate for collection of tax at lower rates under sub-section (9) of section 206C
  • 37HCertificate for collection of tax at lower rates from buyer under sub-section (9) of section 206C
  • 37ICredit for tax collected at source for the purposes of sub-section (4) of section 206C
  • 37JForm for furnishing certificate of accountant under the first proviso to sub-section (6A) of section 206C
  • 38Notice of demand
  • 38AStatement of advance tax
  • 39Estimate of advance tax
  • 40Waiver of interest
  • 40AClaim for credit
6A

Collection of Tax At Source

16 rules
  • 37CDeclaration by a buyer for no collection of tax at source under section 206C(1A)
  • 37CATime and mode of payment to Government account of tax collected at source under section 206C
  • Browse 14 more provisions
7BASpecial Provisions Relating to Tax On Distributed Income of Domestic Company For Buy-Back of Shares1 rule
Part 7BA overview
  • 40BBAmount received by the company in respect of issue of share
7BA

Special Provisions Relating to Tax On Distributed Income of Domestic Company For Buy-Back of Shares

1 rule
  • 40BBAmount received by the company in respect of issue of share
7BSpecial Provisions For Payment of Tax By Companies and Certain Persons Other Than A Company2 rules
Part 7B overview
  • 40BSpecial provision for payment of tax by certain companies
  • 40BASpecial provisions for payment of tax by certain persons other than a company
7B

Special Provisions For Payment of Tax By Companies and Certain Persons Other Than A Company

2 rules
  • 40BSpecial provision for payment of tax by certain companies
  • 40BASpecial provisions for payment of tax by certain persons other than a company
7CFringe Benefit Tax4 rules
Part 7C overview
  • 40CValuation of specified security or sweat equity share being a share in the company
  • 40DValuation of specified security not being an equity share in the company
  • 40EPrescribed conditions for the purposes of sub-clause (iii) of clause (B) of sub-section (2) of section 115WB
  • 40FPart VIIC not to apply after a certain date
7C

Fringe Benefit Tax

4 rules
  • 40CValuation of specified security or sweat equity share being a share in the company
  • 40DValuation of specified security not being an equity share in the company
  • Browse 2 more provisions
8Refunds1 rule
Part 8 overview
  • 41Refund claim
8

Refunds

1 rule
  • 41Refund claim
9Tax Clearance Certificates5 rules
Part 9 overview
  • 42Prescribed authority for tax clearance certificates
  • 43Forms and certificates for the purpose of sub-sections (1) and (1A) of section 230
  • 44Production of certificate
  • 44AApplication for tax clearance certificate for registration of documents in certain cases
  • 44BGrant of tax clearance certificate or refusal
9

Tax Clearance Certificates

5 rules
  • 42Prescribed authority for tax clearance certificates
  • 43Forms and certificates for the purpose of sub-sections (1) and (1A) of section 230
  • Browse 3 more provisions
9ASettlement of Cases3 rules
Part 9A overview
  • 44CForm of application for settlement of case and intimation to the Assessing Officer
  • 44CADisclosure of information in the application for settlement of cases
  • 44DFee for furnishing copy of report
9A

Settlement of Cases

3 rules
  • 44CForm of application for settlement of case and intimation to the Assessing Officer
  • 44CADisclosure of information in the application for settlement of cases
  • Browse 1 more provision
9BAdvance Rulings2 rules
Part 9B overview
  • 44EApplication for obtaining an advance ruling
  • 44FCertification of copies of the advance rulings pronounced by the Authority
9B

Advance Rulings

2 rules
  • 44EApplication for obtaining an advance ruling
  • 44FCertification of copies of the advance rulings pronounced by the Authority
9CMutual Agreement Procedure3 rules
Part 9C overview
  • 44GApplication for giving effect to the terms of any agreement under clause (h) of sub-section (2) of section 295
  • 44GAProcedure to deal with requests for bilateral or multilateral advance pricing agreements
  • 44HAction by the Competent Authority of India and procedure for giving effect to the decision under the agreement
9C

Mutual Agreement Procedure

3 rules
  • 44GApplication for giving effect to the terms of any agreement under clause (h) of sub-section (2) of section 295
  • 44GAProcedure to deal with requests for bilateral or multilateral advance pricing agreements
  • Browse 1 more provision
10Appeals5 rules
Part 10 overview
  • 45Form of appeal to Commissioner (Appeals)
  • 46Mode of service
  • 46AProduction of additional evidence before the Deputy Commissioner (Appeals) and Commissioner (Appeals)
  • 47Form of appeal and memorandum of cross-objections to Appellate Tribunal
  • 48Form of application for reference to High Court
10

Appeals

5 rules
  • 45Form of appeal to Commissioner (Appeals)
  • 46Mode of service
  • Browse 3 more provisions
10AAnnuity Deposits3 rules
Part 10A overview
  • 48ANotice of demand
  • 48BEstimate of advance deposit
  • 48CEstimate of annuity deposit for the assessment year 1964-65
10A

Annuity Deposits

3 rules
  • 48ANotice of demand
  • 48BEstimate of advance deposit
  • Browse 1 more provision
10BAcquisition of Immovable Properties Under Chapter Xxa6 rules
Part 10B overview
  • 48DJurisdiction of competent authorities
  • 48DDStatement to be registered with the competent authority under section 269AB
  • 48EManner of publication of notice for acquisition
  • 48FForm of appeal to the Appellate Tribunal
  • 48GStatement to be furnished in respect of transfers of immovable property
  • 48HForm of fortnightly return to be forwarded by registering officer to the competent authority
10B

Acquisition of Immovable Properties Under Chapter Xxa

6 rules
  • 48DJurisdiction of competent authorities
  • 48DDStatement to be registered with the competent authority under section 269AB
  • Browse 4 more provisions
10CPurchase of Immovable Properties Under Chapter Xxc4 rules
Part 10C overview
  • 48IRate of interest for determination of discounted value of consideration
  • 48JJurisdiction of appropriate authority
  • 48KValue of immovable property
  • 48LStatement to be furnished under section 269UC(3 )
10C

Purchase of Immovable Properties Under Chapter Xxc

4 rules
  • 48IRate of interest for determination of discounted value of consideration
  • 48JJurisdiction of appropriate authority
  • Browse 2 more provisions
11Authorised Representatives19 rules
Part 11 overview
  • 49Definitions
  • 50Accountancy examinations recognised
  • 51Educational qualifications prescribed
  • 51ANature of business relationship
  • 52Prescribed authority for section 288(5)(b)
  • 53Register of income-tax practitioners
  • 54Application for registration
  • 55Certificate of registration
  • 56Cancellation of certificate
  • 57Cancellation of certificate obtained by misrepresentation
  • 58Removal of name of authorised income-tax practitioner who is insolvent or on whom penalty has been imposed
  • 59Prescribed authority to order an inquiry
  • 60Charge-sheet
  • 61Inquiry Officer
  • 62Proceedings before Inquiry Officer
  • 63Order of the prescribed authority
  • 64Procedure if no Inquiry Officer appointed
  • 65Change of Inquiry Officer
  • 66Powers of prescribed authority and Inquiry Officer
11

Authorised Representatives

19 rules
  • 49Definitions
  • 50Accountancy examinations recognised
  • Browse 17 more provisions
12Recognised Provident Funds17 rules
Part 12 overview
  • 67Investment of fund moneys
  • 67ANomination
  • 68Circumstances in which withdrawals may be permitted
  • 69Conditions for withdrawal for various purposes
  • 70Second withdrawal
  • 71Repayment of amounts withdrawn
  • 71ACertain rules not to apply
  • 72Amount withdrawn but not repaid may be deemed as income
  • 73Withdrawal within twelve months before retirement
  • 74Accounts
  • 75Limits for contributions
  • 76Penalty for assigning or creating a charge on beneficial interest
  • 77Application for recognition
  • 78Order of recognition
  • 79Withdrawal of recognition
  • 80Exemption from tax when recognition withdrawn
  • 81Appeal
12

Recognised Provident Funds

17 rules
  • 67Investment of fund moneys
  • 67ANomination
  • Browse 15 more provisions
13Approved Superannuation Funds16 rules
Part 13 overview
  • 82Definitions
  • 83Establishment of fund and trust
  • 84Conditions regarding trustees
  • 85Investment of fund moneys
  • 86Admission of directors to a fund
  • 87Ordinary annual contributions
  • 88Initial contributions
  • 89Scheme of insurance or annuity
  • 90Commutation of annuity
  • 91Beneficiary not to have any interest in insurance and employer not to have any interest in fund's moneys
  • 92Penalty if employee assigns or charges interest in fund
  • 93Arrangements on winding up, etc., of business
  • 94Arrangements for winding up, etc., of fund
  • 95Application for approval
  • 96Amendment of rules, etc., of fund
  • 97Appeal
13

Approved Superannuation Funds

16 rules
  • 82Definitions
  • 83Establishment of fund and trust
  • Browse 14 more provisions
14Gratuity Funds15 rules
Part 14 overview
  • 98Definitions
  • 99Establishment of fund and trust
  • 100Conditions regarding trustees
  • 101Investment of fund moneys
  • 101ANomination
  • 102Admission of directors to a fund
  • 103Ordinary annual contributions
  • 104Initial contributions
  • 105Penalty if employee assigns or charges interest in fund
  • 106Employer not to have interest in fund moneys
  • 107Arrangements for winding up, etc., of business
  • 108Arrangements for winding up of the fund
  • 109Application for approval
  • 110Amendment of rules, etc., of fund
  • 111Appeal
14

Gratuity Funds

15 rules
  • 98Definitions
  • 99Establishment of fund and trust
  • Browse 13 more provisions
15Miscellaneous48 rules
Part 15 overview
  • 111AApplication for reduction of the amount of minimum distribution by a company
  • 111AAConditions for reference to Valuation Officers
  • 111ABForm of report of valuation by registered valuer
  • 111BPublication and circulation of Board's order
  • 112Search and seizure
  • 112AInquiry under section 132
  • 112BRelease of articles under section 132(5)
  • 112CRelease of remaining assets
  • 112DRequisition of books of account, etc
  • 112EForm of information under section 133B(1)
  • 112FClass or classes of cases in which the Assessing Officer shall not be required to issue notice for assessment or reassessment of the total income for six assessment years immediately preceding the assessment year
  • 113Disclosure of information respecting assessees
  • 114Application for allotment of a permanent account number
  • 114AApplication for allotment of a tax deduction and collection account number
  • 114AAApplication for allotment of a tax collection account number
  • 114AAAManner of making permanent account number inoperative
  • 114BTransactions in relation to which permanent account number is to be quoted in all documents for the purpose of clause (c) of sub-section (5) of section 139A
  • 114CVerification of Permanent Account Number in transactions specified in rule 114B
  • 114DTime and manner in which persons referred to in rule 114C shall furnish a statement containing particulars of Form No. 60
  • 114DAFurnishing of Annual Statement by a non-resident having Liaison Office in India
  • 114DBInformation or documents to be furnished under section 285A
  • 114EFurnishing of statement of financial transaction
  • 114FDefinitions
  • 114GInformation to be maintained and reported
  • 114HDue diligence requirement
  • 115Rate of exchange for conversion into rupees of income expressed in foreign currency
  • 115ARate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for the purpose of computation of capital gains under the proviso to clause (a) of sub-section (1) of section 48 of the Income-tax Act, 1961
  • 116Return of interest paid
  • 117Return of dividends paid
  • 117AReduction or waiver of interest payable under section 139
  • 117BForm of statement under section 222 or section 223
  • 117CTax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer
  • 118Levy of interest under section 220(2) where a recovery certificate is not issued
  • 119Levy of interest under section 220(2) in a case where a recovery certificate is issued
  • 119AProcedure to be followed in calculating interest
  • 119AAModes of payment for the purpose of section 269SU
  • 120Form for furnishing particulars by contractor
  • 121Procedure for imposition of fine
  • 121AForm of statement to be furnished by producer of cinematograph films
  • 122Notice in respect of properties held benami
  • 123Application for obtaining certified copies of certain notices
  • 124Fees for obtaining certified copy of notice
  • 125Electronic payment of tax
  • 126Computation of period of stay in India in certain cases
  • 127Service of notice, summons, requisition, order and other communication
  • 127AAuthentication of notices and other documents
  • 128Foreign Tax Credit
  • 129Form of application under section 270AA
15

Miscellaneous

48 rules
  • 111AApplication for reduction of the amount of minimum distribution by a company
  • 111AAConditions for reference to Valuation Officers
  • Browse 46 more provisions