Knowledge Bank
Income-tax Rules, 2026
Every rule explained in plain language. Browse chapter by chapter, or search for a specific rule. 329 rules published so far.
Chapter 1 - Income-tax Rules, 2026 — Chapter 1
- Rule 1Short title and commencement
- Rule 2Definitions
- Rule 3The arrangements referred to in section 2
- Rule 4For the purposes of section 2(92), a stock exchange shall fulfil the following conditions in respect of trading in derivatives:— (a) the stock exchange shall have the approval of the Securities and Exchange Board of India established under the Securi
- Rule 5kilovolts
- Rule 6"Commercial vehicle" means "heavy goods vehicle", "heavy passenger motor vehicle", "light motor vehicle", "medium goods
- Rule 7Meters
- Rule 8Cooling towers and circulating water systems
- Rule 9In any case in which the Assessing Officer is of opinion that the actual amount of the income accruing or arising to any non-resident person, whether directly or indirectly, through or from — (a) any asset or source of income in India; or (b) any pro
- Rule 10For the purposes of rules 11 and 12, — (a) "accountant" — (i) means an accountant referred to in section 515(3)(b), who fulfils the following conditions: — (A) if he is pursuing the profession of accountancy individually or is a valuer then — (I) he
- Rule 11Any special allowance in the nature of high
- Rule 12Any other assets not covered above
- Rule 13Any special allowance granted to the
- Rule 14Any special allowance granted to the
- Rule 15health and wellness services including spa or nutritionists or weight management or health instructors or yoga or gym trainers;
- Rule 16Sale or purchase by any person, of goods or services of
- Rule 17For the purposes of section 17(1)(c)(ii), the prescribed income under the head "Salaries" shall be Rs. 400000. Exemption of medical benefits from perquisite value in respect of medical treatment of prescribed diseases or ailments in hospitals approve
- Rule 18Water bill (Not more than three months old)
- Rule 19For the purposes of section 17(3)(b), the prescribed gross total income shall be Rs. 800000. Procedure for purposes of section 19 [Table: Sl. No. 12] relating to voluntary retirement or voluntary separation.
- Rule 20Bank account statement as per Note 2 (Not more than three months old)
- Rule 21For the purposes of section 21(4), the amount of rent which the owner cannot realise shall be equal to the amount of rent receivable by the assessee but not paid by a tenant of the assessee and so proved to be lost and irrecoverable where, — (a) the
- Rule 22Credit card statement (Not more than three months old)
- Rule 23For Individuals born on and after 1st October, 2023 birth certificate issued by the municipal
- Rule 24The following conditions shall be fulfilled by a public facility to be eligible to be notified as an infrastructure facility under section 32(e):— (a) it is owned by a company registered in India or by a consortium of such companies or by an authorit
- Rule 25Pension payment order
Chapter 2 - Income-tax Rules, 2026 — Chapter 2
- Rule 26Marriage certificate issued by the Registrar of Marriages
- Rule 27Matriculation certificate or mark sheet of recognised board
- Rule 28The report of audit of the accounts of an assessee, other than a company or a co-operative society, under section 44
- Rule 29retail marketing, including shop floor assistants or merchandisers;
- Rule 30telecom services, including erection and maintenance of towers; and
- Rule 31travel and tourism, including guides or ticketing or sales or cab drives;
- Rule 32applicant, at any time during the financial year immediately preceding the tax year from which the approval is sought.
- Rule 33Office furniture and fittings
- Rule 34members or its enrolled students.
- Rule 35An application for approval under section 45(3)(b) by a company shall be made in Form No. 17 to the Commissioner of Inco
- Rule 36an affordable housing project (herein referred to as "the project") as a specified business under section 46(11)(d)(vii)
- Rule 37the project shall be undertaken by an assessee for training, education and guidance of farmers;
- Rule 38notified under section 47(1)(a) and get such books of account audited by an accountant as defined under section 515(3)(b
- Rule 39project is undertaken in a separate facility in a training institute.
- Rule 40under section 47(1)(b) and get such books of account audited by an accountant as defined in section 515(3)(b).
- Rule 41where an assessee has opted and been allowed by the Department of Telecommunications, Government of India to make full u
- Rule 42Industrial Investment Corporation, if its income from interest is related to following categories of bad or doubtful deb
- Rule 43The report of audit of accounts of a non-resident (not being a company) or a foreign company for computation of royalty and fee for technical services, which is required to be furnished under section 59(4), shall be in Form No. 24. Conditions to be f
- Rule 44For the purposes of section 61
- Rule 45be establishing or operating electronics manufacturing facility or a connected facility for manufacturing or producing e
- Rule 46other documents that enable the Assessing Officer to compute his total income under the Act.
- Rule 47in the case of a person who carries on business or profession and who is required by or under any law other than the Act
- Rule 48For the purposes of Schedule VIII [Table: Sl. No. 1. D(d)], section 66(32), section 146(5)(a)(ii)(B), sections 185, 186 and 188, the other electronic modes of payment shall be the following:— (a) Credit card; (b) Debit card; (c) Net banking; (d) IMPS
- Rule 49arising from receipt of such amount in situations referred in column B of the following Table shall be computed accordin
- Rule 50asset remaining with the specified entity in the manner provided in this rule.
Chapter 3 - Income-tax Rules, 2026 — Chapter 3
- Rule 51a Category III Alternative Investment Fund, shall fulfil the condition that the aggregate participation or investment in
- Rule 52of an assessee who is a non-resident, the rate of exchange shall be, in the circumstances referred to in column B of the
- Rule 53under sub-rule (3), whichever is higher.
- Rule 54In case of a slump sale under section 77(4), every assessee is required to submit a report from an accountant as defined in section 515(3)(b), in Form No. 28 before the specified date referred to in section 63. Conditions for reference to Valuation O
- Rule 55For the purposes of section 91(1)(b)(i),— (a) the percentage of the value of the asset shall be 15%; and (b) the amount shall be ten lakh rupees. Meaning of expressions used in determination of fair market value.
- Rule 56For the purposes of this rule and rule 57,— (a) "balance sheet", in relation to any company, means,— (i) in relation to an Indian company, the balance sheet of such company (including the notes annexed thereto and forming part of the accounts) as dra
- Rule 57For the purpose of following sections referred to in column B of the Table below, the fair market value of the property of the nature referred to column C shall be determined in the manner provided in column D thereof :— TABLE Sl. No. Section Nature
- Rule 58in the nature referred to in column C, subject to satisfaction of the conditions specified in column D thereof
- Rule 59insurance policy, then the income chargeable to tax under the said section shall be computed in the following manner :—
- Rule 60the amalgamated company, owning an industrial undertaking of the amalgamating company by way of amalgamation, shall—
- Rule 61"person with disability" and "severe disability" referred to in clauses (a), (c), (h), (j) and (o) of section 2, respect
- Rule 62in column B of the following table shall be obtained from the specialists as mentioned in the corresponding column C the
- Rule 63the Secretary, University Grants Commission for a University or any non-technical institution of national eminence; and
- Rule 64or institution —
- Rule 65For the purposes of claiming deduction under section 134 in respect of rent paid, the assessee shall file declaration in Form No. 31. Furnishing of audit report for claiming deduction under section 46 or 138 or 139 or 140 or 141 or 142 or 143 or 144.
- Rule 66tax year for which the deduction is claimed shall be audited by an accountant as defined in section 515(3)(b), before th
- Rule 67The particulars, which are required to be furnished by the assessee along with the return of income regarding the amount credited to a Special Economic Zone Reinvestment Allowance Reserve Account and utilisation of the said amount shall be in Form No
- Rule 68Report of an accountant as defined in section 515(3)(b), which is required to be furnished by the assessee under section 146(3)(c) along with the return of income shall be in Form No. 34 Report of accountant to be furnished under section 147(4)(a).
- Rule 69The report of the accountant, as defined in section 515(3)(b), which is required to be furnished by the assessee under section 147(4)(a), shall be in Form No. 35. Form of certificate to be furnished under section 151
- Rule 70income.
- Rule 71For the purposes of section 152(5),— (a) the prescribed authority shall be the Controller referred to in section 2(1)(b) of the Patents Act, 1970 (39 of 1970); and (b) the assessee shall be required to furnish a certificate in Form No. 37 from the pr
- Rule 72For the purposes of sections 151
- Rule 73tax year during which the income is paid or credited or distributed and the statement to the recipient of income shall b
- Rule 74The person who is liable to tax
- Rule 75Business trust.
Chapter 4 - Income-tax Rules, 2026 — Chapter 4
- Rule 76Unit holder.
- Rule 77For the purpose of this rule and rules 78 to 84,— (a) "associated enterprise" shall have the meaning assigned to it in section 162; (b) "enterprise" shall have the meaning assigned to it in section 173(b) and shall, for the purposes of a specified do
- Rule 78For the purposes of section 165(1)(f), the other method for determination of the arm's length price in relation to an international transaction or a specified domestic transaction shall be any method which takes into account the price, which— (a) has
- Rule 79The person who is liable to tax
- Rule 80particular international transaction or specified domestic transaction and which provides the most reliable measure of a
- Rule 81section 165(3)(b) results in determination of more than one price, the arm's length price in respect of such transaction
- Rule 82proceeding by furnishing Form No. 46 for two consecutive tax years (the second tax year and the third tax year, respecti
- Rule 83following Table shall be on or before ninety days from the date mentioned in column C thereof
- Rule 84and documents:—
- Rule 85international transaction or a specified domestic transaction during a tax year, shall be in Form No. 48 and be verified
- Rule 86For the purposes of this rule and rules 87 to 93, — (a) "accountant"— (i) means an accountant referred to in section 515(3)(b), who fulfils the following conditions: — (A) if he is pursuing the profession of accountancy individually or is a valuer th
- Rule 87harbour rules in accordance with rule 90, and—
- Rule 88An "eligible international transaction" means an international transaction between the eligible assessee and its associated enterprise, one of which is necessarily a non-resident, and which comprises of— (a) provision of information technology servic
- Rule 89authorities, if—
- Rule 90the assessee shall furnish Form No. 49, complete in all respects, to the Assessing Of-ficer on or before the due date sp
- Rule 91option for safe harbour, once exercised validly, shall continue to remain in force for a period of five consecutive tax
- Rule 92Jewellery (a) The price which such jewellery would fetch, if sold in the open market on the valuation date; or (b) if the jewellery is received by way of purchase from a registered dealer on the valuation date, the invoice value of such jewellery; or
- Rule 93Where transfer price in relation to an eligible international transaction, declared by an eligible assessee, is accepted by the income-tax authorities under section 167, the assessee shall not be entitled to invoke mutual agreement procedure under an
- Rule 94For the purposes of this rule and rules 95 to 98, — (a) "Appropriate Commission" shall have the same meaning as assigned to it in section 2
- Rule 95An "eligible assessee" means a person who has exercised a valid option for application of safe harbour rules in accordance with the provisions of rule 97, and — (a) is a Government company engaged in the business of generation, supply, transmission o
- Rule 96An "eligible specified domestic transaction" means a specified domestic transaction undertaken by an eligible assessee and which comprises of: — (a) supply of electricity; or (b) transmission of electricity; or (c) wheeling of electricity; or (d) pur
- Rule 97income-tax authorities, if,—
- Rule 98the assessee shall furnish Form No. 49, complete in all respects, to the Assessing Officer on or before the due date spe
- Rule 99For the purposes of this rule and rules 100 to 102, — (a) "contract manufacturer" means an Indian company who produces specified electronic goods on behalf of any foreign company in a custom bonded area; (b) "custom bonded area" means a warehouse as
- Rule 100income declared by such assessee from an eligible business is in accordance with the circumstances as specified under su
Chapter 5 - Income-tax Rules, 2026 — Chapter 5
- Rule 101return of income under section 263 for the relevant tax year.
- Rule 102The assessee shall not be entitled to invoke mutual agreement procedure under an agreement for avoidance of double taxation as referred to in section 159 in relation to an eligible business, if the assessee has exercised the option for safe harbour u
- Rule 103For the purposes of this rule and rules 104 to 120,— (a) "agreement" means an advance pricing agreement entered into between the Board and the applicant, with the approval of the Central Government, as referred to in section 168(1); (b) "application"
- Rule 104A person shall be eligible to enter into an agreement under these rules, if he— (a) has undertaken an international transaction; or (b) is contemplating to undertake an international transaction. Pre-filing consultation.
- Rule 105filing consultation.
- Rule 106competent authority of India, in case of bilateral or multilateral agreement.
- Rule 107intimation to the Principal Chief Commissioner of Income-tax (International Taxation), in case of unilateral agreement a
- Rule 108case of bilateral or multilateral agreement shall serve a deficiency letter on the applicant, if—
- Rule 109shall process the same in consultation and discussion with the applicant in accordance with provisions of this rule.
- Rule 110the international transactions covered by the agreement;
- Rule 111specify the manner in which such arm's length price shall be determined during the rollback year (herein referred to as
- Rule 112multilateral agreement) may, allow the amendment to the application, if such an amendment does not have effect of alteri
- Rule 113covered in the agreement.
- Rule 114agreement for each of the year covered in the agreement.
- Rule 115there is a change in critical assumptions or failure to meet a condition subject to which the agreement has been entered
- Rule 116the compliance audit referred to in rule 114 has resulted in the finding of failure on the part of the assessee to compl
- Rule 117proof of payment of any additional tax arising as a consequence of and computed in accordance with the rollback provisio
- Rule 118be reduced by the following amount, namely:—
- Rule 119Request for renewal of an agreement may be made as a new application in Form No. 54 for agreement, using the same procedure as outlined in these rules except pre-filing consultation as referred to in rule 105. Miscellaneous.
- Rule 120length price under that Chapter till the agreement is entered into.
- Rule 121which, according to him, is not in accordance with the terms of agreement with such other country or specified territory
- Rule 122rule 106, the request shall be dealt with subject to provisions of this rule.
- Rule 123if the consolidated group revenue of the international group, of which such person is a constituent entity, as reflected
- Rule 124referred to in section 511(2) in Form No. 59.
- Rule 125institution shall be submitted by the assessee to the Assessing Officer having jurisdiction over him.
Chapter 6 - Income-tax Rules, 2026 — Chapter 6
- Rule 126the following activities, namely:—
- Rule 127For the purposes of section 181, where a part of an arrangement is declared to be an impermissible avoidance arrangement, the consequences in relation to tax shall be determined with reference to such part only. Chapter XI relating to General Anti Av
- Rule 128an arrangement, where the aggregate tax benefit in the relevant tax year, to all the parties to the arrangement does not
- Rule 129objections, if any, as to the applicability of provisions of Chapter XI in his case.
- Rule 130not issue directions under section 274(3) after the expiry of one month from the end of the month in which the date of c
- Rule 131the reference to be circulated among the other members within seven days from the date of receipt of such reference; and
- Rule 132a sitting fee of Rs. 6000 per day; and
- Rule 133Every person, carrying on business or profession, if his total sales, turnover or gross receipts, as the case may be, in business or profession exceeds fifty crore rupees during the immediately preceding tax year shall provide facility for accepting
- Rule 134assessee under section 194(1)[Table: Sl. No. 2], the eligible assessee shall furnish Form No. 65.
- Rule 135formula:—
- Rule 136The option to be exercised or withdrawn under the provisions specified in column B of the following Table, by a person specified in column C thereof, for any tax year shall be in the return of income to be furnished under section 263
- Rule 137The report of an accountant as defined under section 515(3)(b), which is required to be furnished by the assessee under section 206(1)(s) shall be made in Form No. 66. Form of report for computation of adjusted total income by certain persons other t
- Rule 138The report of an accountant as defined under section 515(3)(b), which is required to be furnished by the assessee under section 206(2)(j), shall be made in Form No. 67. Computation of exempt income of specified fund attributable to units held by non-
- Rule 139being the permanent establishment of a non-resident in India) shall be computed in accordance with the following formula
- Rule 140[Table: Sl. Nos. 2 to 5], that is attributable to the units held by a non-resident (other than the permanent establishme
- Rule 141offshore banking unit shall be computed in accordance with the following formula:—
- Rule 142namely:—
- Rule 143accordance with the following formula:—
- Rule 144the unit holder of the specified fund, other than the sponsor or manager of such fund, who becomes a resident under sect
- Rule 145person responsible for crediting or paying or distributing such income on behalf of such entity to the Principal Commiss
- Rule 146For the purposes of Tonnage Tax Scheme under Chapter XIII-G of the Act:–– (a) an application under section 231
- Rule 147Any general or special order of the Board issued under section 239(3)(a), the publication and circulation of which is, in the opinion of the Board, necessary in the public interest, shall be published and circulated in one or more of the following mo
- Rule 148section 247(1) by the approving authority, as is empowered by the Board in this behalf, or any Joint Director or Joint C
- Rule 149approve—
- Rule 150the value of an immovable property, being land or building or both, shall be in accordance with the value adopted or ass
Chapter 7 - Income-tax Rules, 2026 — Chapter 7
- Rule 151For the purposes of section 247(9), the fair market value of the property shall be determined in the following manner:— (a) the value of an immovable property, being land or building or both, shall be in accordance with the value adopted or assessed
- Rule 152Any assets or proceeds thereof which remain after the liabilities referred to in section 250
- Rule 153Where any distraint and sale of movable property are to be effected by any Assessing Officer or Tax Recovery Officer authorised for the purpose, such distraint and sale shall be made, as far as may be, in the same manner as attachment and sale of any
- Rule 154The information under section 254
- Rule 155made either under the Act or under the Income-tax Act, 1961 (43 of 1961), as it existed prior to its repeal, shall be ma
- Rule 156The prescribed income-tax authority under section 259 shall be an Income-tax authority not below the rank of Assistant Commissioner of Income-tax, who has been authorised by the Central Board of Direct Taxes to act as such authority for the purposes
- Rule 157investment in a specified fund, if the following conditions are met:—
- Rule 158No. 96, as the case may be, in accordance with sub-rule (8).
- Rule 159transaction specified in column 3 of the following Table: —
- Rule 160Table in rule 159, shall—
- Rule 161his Permanent Account Number in documents pertaining to such transaction, and every person specified in column (3) of th
- Rule 162failed to do so, then his Permanent Account Number being inoperative, he shall be liable for payment of fees in accordan
- Rule 163referred to in section 263(1)(a)(x), shall be the following:—
- Rule 164April, 2026, shall be in accordance with the provisions of this rule.
- Rule 165the manner indicated therein.
- Rule 166all fields, parts, schedules, statements, and columns in the return of income, as applicable to the case of the assessee
- Rule 167in the case of a person who is required to furnish return of income electronically under rules 164 and 180, —
- Rule 168Adjudicating Authority for discharging the duties and functions of an interim resolution professional, a resolution prof
- Rule 169The information which a person is required by the Assessing Officer to furnish under section 268(1)(c) shall be verified in the following manner:— "I declare that to the best of my knowledge and belief, the information furnished in the statement/stat
- Rule 170The prescribed income-tax authority under section 268(3), for issue of notice under sub-section
- Rule 171Procedure for purposes of determining expenses for audit or inventory valuation.
- Rule 172accountants, out of the persons referred to in section 515(3)(b); and
- Rule 173Regional Valuation Officers shall exercise, within such areas as the Board may direct, general supervision over the work
- Rule 174or overseer, or surveyor, or assessor, authorised by him, by order in writing in this behalf, may, —
- Rule 175The prescribed authority under section 270
Chapter 8 - Income-tax Rules, 2026 — Chapter 8
- Rule 176specified by the Board under section 273(2), shall be made in a faceless manner, in accordance with the procedure in thi
- Rule 177in the Form ITR-A and verified in the manner specified therein.
- Rule 178Notice of demand under section 289.
- Rule 179Return of income in respect of block assessment under section 294(1).
- Rule 180made under section 248 shall be in the Form ITR-BN and be verified in the manner indicated therein.
- Rule 181made in the Form specified in column C, to the authority specified in column D thereof
- Rule 182For the purposes of section 335(e), gains of any commercial activity permissible under sections 344, 345 and 346, carried out by a registered non-profit organisation for a tax year, shall be computed in the following manner: — (a) such commercial act
- Rule 183the tax year, shall be computed in the manner as provided in sub-rule (2), in the following circumstances: —
- Rule 184date specified under section 263(1) for furnishing the return of income.
- Rule 185under section 263(1) for furnishing the return of income.
- Rule 186The statement to be furnished to the Assessing Officer under section 342(1) shall be furnished in Form No.
- Rule 187and maintain the following: —
- Rule 188The report of the audit of the accounts, required to be furnished under section 348, shall be furnished in Form No. 112, one month prior to the due date of furnishing the return of income under section 263(1). Method of valuation for the purposes of
- Rule 189value of all the assets in the balance sheet, as reduced by—
- Rule 190Copy of certificate of registration issued by the Securities and
- Rule 191notice or requisition.
- Rule 192documentary, other than the evidence produced by him during the course of proceedings before the Assessing Officer, exce
- Rule 193form of appeal, the grounds of appeal and the form of verification appended thereto, shall be signed by the person speci
- Rule 194in a case where it is furnished to the Joint Commissioner (Appeals) or the Commissioner (Appeals), be in duplicate; and
- Rule 195The application referred to in section 376(2), required to be made before the Appellate Tribunal or the jurisdictional High Court, as the case may be, shall be made in Form No. 118 by the Assessing Officer. Constitution of Dispute Resolution Committe
- Rule 196resolution, as provided under section 379.
- Rule 197in respect of dispute arising from any variation in the specified order in his case and who fulfils the specified condit
- Rule 198reasons to be recorded in writing and subject to such conditions as it may think fit to impose, grant to the person who
- Rule 199For the purposes of rules 196 to 198,— (a) "specified order" in relation to a dispute under section 379 means, — (i) a draft order as referred to in section 275(1); or (ii) an intimation under section 270
- Rule 200verified in the manner indicated therein in accordance with this rule.
Chapter 9 - Income-tax Rules, 2026 — Chapter 9
- Rule 201The copy of the advance ruling pronounced by the Board, to be sent to the applicant and to the Commissioner having jurisdiction over his case, shall be certified to be true copy thereof by the Commissioner or Deputy Commissioner or Board for Advance
- Rule 202The form and manner of filing appeal to the High Court under section 389
- Rule 203furnished by the deductor or collector to the income-tax authority or the person authorised by such authority, in the fo
- Rule 204section 392, for the purpose of making deduction under the said sub-section:—
- Rule 205in sub-rule (2) in Form No. 124, for the purpose of estimating his income or for computing the tax required to be deduct
- Rule 206foreign currency, or received or deemed to be received by him or on his behalf in foreign currency, shall be the telegra
- Rule 207calculation of the value in rupees shall be the telegraphic transfer buying rate of such currency as on the date on whic
- Rule 208specified bank in Form No. 125.
- Rule 209The declaration under section 402(39)(c) read with section 393(1) [Table: Sl.
- Rule 210Income payable in respect of units of the Unit Trust of India to a non-resident Indian or a non-resident Hindu undivided family, shall not be subject to deduction of tax at source, where such units have been acquired from the Unit Trust of India out
- Rule 211electronically after duly verifying through an electronic process; or
- Rule 212for the purposes of manufacturing, processing or producing articles or things and not for trading purposes, shall be in
- Rule 213the deduction of income-tax at any lower rates, or no deduction of income-tax, under sub-section (1) of section 395; or
- Rule 214section 400(3), shall be made in Form No. 129.
- Rule 215employer on behalf of the employee under section 392(2)(a), corresponding to sections under which deductions, payments o
- Rule 216Form No. 134, in case of a Government entity; or
- Rule 217deductee does not have a Permanent Account Number, in respect of payments in the nature of interest, royalty, fees for t
- Rule 218Government, shall be paid to the credit of the Central Government—
- Rule 219column B of the following Table, shall, as per section 397(3)(b), deliver, or cause to be delivered, to the Director Gen
- Rule 220the following:—
- Rule 221in Form No. 149, for non-deduction or short deduction of tax; and
- Rule 222Irrespective of anything contained in rule 179, the notice of demand under section 289 to be served upon the assessee in pursuance of an order under section 407, shall be in Form No. 151. Estimate of advance tax under section 407(8).
- Rule 223The intimation, which an assessee has to send to the Assessing Officer under section 407(8), shall be in Form No. 152. Form of statement under section 413 or section 414.
- Rule 224A statement under section 413 or section 414 shall be drawn up by the Tax Recovery Officer in Form No. 153.
- Rule 225Procedure for recovery of tax for the purposes of sections 413 and 475.
Chapter 10 - Income-tax Rules, 2026 — Chapter 10
- Rule 226Officer to exercise or perform the powers and functions conferred on or assigned to an Assessing Officer under section 2
- Rule 227the case may be, who has jurisdiction over the persons not domiciled in India or any other income-tax authority authoris
- Rule 228longline in section 420(1), as the case may be, shall be in Form No. 154.
- Rule 229[***] Any person leaving India shall, at the request of any Customs Officer, produce to him for examination, the tax clearance certificate or the exemption certificate, as the case may be.
- Rule 230A claim for refund under section 434 shall be made in Form No. 160, by the claimant himself or through a duly authorised agent, and shall be accompanied by a copy of an agreement or other arrangement referred to in section 434. Form of application un
- Rule 231An application to the Assessing Officer to grant immunity from imposition of penalty under section 439 and from initiation of proceedings under section 478 or section 479 shall be made in Form No. 161. Service of notice, summons, requisition, order a
- Rule 232summons, or requisition, or order, or any other communication, under the Act (herein referred to as the communication) m
- Rule 233in case of electronic mail or electronic mail message (herein referred to as the e-mail), if the name and office of such
- Rule 234such financial year.
- Rule 235accordance with this rule.
- Rule 236or both, shall be in Form No. 164 for each tax year.
- Rule 237rule (2) in a financial year in Form No. 165 and shall be verified in the manner indicated therein.
- Rule 238For the purposes of this rule and rules 239 and 240,—
- Rule 239the name, address, taxpayer identification number (assigned to the account holder by the country or territory of his res
- Rule 240sub-rule (3) to sub-rule (8) and, unless otherwise provided, information with respect to a reportable account shall be r
- Rule 241For the purposes of rules 242, 243 and 244,—
- Rule 242an entity or individual resident for tax purposes in India; or
- Rule 243under [rule 242] and due diligence procedures under [rule 244], the following information shall be maintained and report
- Rule 244this rule.
- Rule 245assessee, an annual information system Form No. 168 containing the following information, which is in his possession wit
- Rule 246and shall be accompanied by a non-refundable fee of Rs. 10000.
- Rule 247said Table
- Rule 248calculated at the following rates:—
- Rule 249General of Income-tax may remove the name of any person from the register of valuers where he is satisfied, after giving
- Rule 250For the purposes of rules 251 to 268,— (a) "adjudicating authority" shall have the same meaning as assigned to it in clause
Chapter 11 - Income-tax Rules, 2026 — Chapter 11
- Rule 251The following accountancy examinations are recognised for the purposes of section 515(3)(a)(v):—
- Rule 252The following educational qualifications are prescribed for the purposes of section 515(3)(a)(vi):—
- Rule 253For the purposes of section 515(3)(b)(ii)(H), the term "business relationship" shall be construed as any transaction entered into for a commercial purpose, other than — (A) commercial transactions which are in the nature of professional services perm
- Rule 254For the purposes of section 515(3)(a)(ix), any other person, in respect of a company or a limited liability partnership, shall be the person appointed by the Adjudicating Authority for discharging the duties and functions of an interim resolution pro
- Rule 255Every specified authority shall maintain a register, of authorized income-tax practitioners to whom certificates of registration have been issued by him under rule 257, in such form and in such manner as may be specified by the Principal Director Gen
- Rule 256Income-tax or Commissioner of Income-tax within whose area of jurisdiction he has been practising.
- Rule 257If the specified authority is satisfied that the applicant fulfils the requirements of section 515(3)(a)(v) or (vi) or (vii) or (viii) and has been practicing before income-tax authorities for not less than one year on the date of the application, th
- Rule 258maintaining the register shall notify the fact of such removal to the authorised income-tax practitioner concerned and a
- Rule 259shall order the removal of the name of the income-tax practitioner from the register.
- Rule 260The name of a person, which has been entered in the register,- (a) shall be removed from the register during the period for which he is disqualified to represent an assessee in the circumstances as referred to in section 515(4)(b) or (c); and (b) sha
- Rule 261An order disqualifying an authorised income-tax practitioner from representing an assessee under section 515(5)(b) shall be passed only after an inquiry, held as far as may be, in accordance with rules 262 to 267. Charge-sheet.
- Rule 262guilty of misconduct in connection with any income-tax proceedings, it shall frame definite charges against the income-t
- Rule 263The prescribed authority shall, unless it proposes to conduct the inquiry itself, appoint an Inquiry Officer, not below the rank of an Assistant Commissioner of Income-tax, to conduct the inquiry and shall inform the authorised income-tax practitione
- Rule 264of the charges as are not admitted.
- Rule 265findings of the Inquiry Officer, shall record the reasons for its disagreement.
- Rule 266The procedure prescribed in rules 264 and 265 shall also apply, to the extent possible, to the prescribed authority, if it itself conducts the inquiry without appointing an Inquiry Officer. Change of Inquiry Officer.
- Rule 267If it becomes necessary to change the Inquiry Officer during an inquiry, the prescribed authority may appoint another Inquiry Officer not below the rank of an Assistant Commissioner of Income-tax and the proceedings shall continue with the new Inquir
- Rule 268For the purposes of any proceedings under rules 261 to 267, the prescribed authority and the Inquiry Officer shall have the same powers as are vested in a Court under the Code of Civil Procedure, 1908 (5 of 1908), when trying a suit in respect of the
- Rule 269In calculating the interest payable by the assessee or the interest payable by the Central Government to the assessee under any provision of the Act,— (a) where interest is to be calculated on annual basis, the period for which such interest is to be
- Rule 270agricultural produce which has been raised by the assessee, or received by him as rent in kind, shall be allowed as a de
- Rule 271and the percentage of such incomes specified in column C thereof shall be deemed to be the income liable to tax
- Rule 272deduction in respect of the cost of production of a feature film certified for release by the Board of Film Censors in a
- Rule 273deduction in respect of the cost of acquisition of a feature film certified for release by the Board of Film Censors in
- Rule 274shall be determined by looking through the said entity, if it, —
- Rule 275Taxes, having supervision and control over the work of Foreign Tax and Tax Research Division.
Chapter 12 - Income-tax Rules, 2026 — Chapter 12
- Rule 276for every financial year by the eligible investment fund in Form No. 173, duly verified in the manner indicated therein.
- Rule 277during the tax year.
- Rule 278the individual from his employer or former employer for himself and his family, in connection with his proceeding—
- Rule 279No. 11] to the Act, shall be the least of the following
- Rule 280any allowance granted to meet the cost of travel on tour or on transfer; or
- Rule 281forces) of the Union in the course of operational duties shall be the following:—
- Rule 282it shall be regulated under the law of a foreign country including the laws made by any of its political constituents be
- Rule 283income referred to in clauses (e), (f) and (g) of column D thereof shall be calculated in accordance with this rule.
- Rule 284transfer of non-deliverable forward contracts or offshore derivative instruments or over-the-counter derivatives; or
- Rule 285attributable to units held by non-resident (not being a permanent establishment of a non-resident in India) in such spec
- Rule 286member of such fund) shall be formed under a trust and it shall be evidenced by a trust deed.
- Rule 287For the purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to the Act, any university or other educational institution, hospital or other institution referred therein, shall be considered as being substantially financed by the Government for any ta
- Rule 288down in the regulatory framework provided by the Reserve Bank of India.
- Rule 289an individual who is a citizen of India; or
- Rule 290The report of audit of the accounts of an assessee, which is required to be furnished under paragraph 2 of Schedule IX to the Act read with section 48, shall be in Form No. 182. Report of audit of accounts to be furnished under Schedule X read with s
- Rule 291The report of audit of the accounts of an assessee, which is required to be furnished under paragraph 2 of Schedule X to the Act read with section 49, shall be in Form No. 183. Investment of fund moneys.
- Rule 292recognized provident fund maintained by a former employer, or accrued as interest or otherwise, shall be invested in the
- Rule 293in the event of the death of such employee and such nomination shall be made in Form No. 184.
- Rule 294any other subsequent date fixed by the Assessing Officer to a local representative of the employer in India.
- Rule 295If an employee assigns or creates a charge on their beneficial interest in a recognised provident fund, the Assessing Officer shall give notice to the employee upon learning of the assignment or charge, which shall inform the employee that if he does
- Rule 296by the following documents: —
- Rule 297application for recognition is received by the income-tax authority concerned, unless, at the request of the employer, t
- Rule 298Schedule to the Income-tax Act, 1961, as it existed prior to its repeal, or Part A and Part C of Schedule XI to the Act
- Rule 299If the approving authority withdraws recognition from a provident fund, the balance to the credit of each employee at the end of the financial year before the withdrawal of recognition shall, subject to the provisions of paragraph 9 of Part A of Sche
- Rule 300An appeal under paragraph 13
Chapter 13 - Income-tax Rules, 2026 — Chapter 13
- Rule 301For the purposes of rules 302 to 315 the expressions,— (a) "approving authority" means the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner; (b) "beneficiary" means a person referred to in paragraph 3(b) of
- Rule 302appointed as a trustee without the prior approval of the approving authority.
- Rule 303deposited in a Post Office Savings Bank Account in India; or
- Rule 304A director of a company, as defined in section 2
- Rule 305The yearly contribution of the employer to a fund for each employee shall not exceed 27% of their salary for each year as reduced by any contributions the employer made to a provident fund for the same employee during that year, whether recognised or
- Rule 306For purposes of the deduction allowable under section 29(1)(a), subject to any condition which the Board may think fit to specify, the initial contribution of the employer to a superannuation fund for the past services of an employee shall not exceed
- Rule 307enter into a scheme of insurance with the Life Insurance Corporation established under the Life Insurance Corporation Ac
- Rule 308Any payment in commutation of annuity shall not exceed— (a) in a case where the employee receives any gratuity, the commuted value of one-third of the annuity which he is normally entitled to receive, and (b) in any other case, the commuted value of
- Rule 309annuity from the fund.
- Rule 310Where an employee assigns or creates a charge upon his beneficial interest in a fund, the Assessing Officer shall give notice to the employee that if he does not secure the cancellation of the assignment or charge within two months of the date of rec
- Rule 311When the business of the employer is to be closed or discontinued, the trustees shall, with the prior approval of and subject to the conditions imposed by the approving authority, make suitable arrangements for providing annuities to current employee
- Rule 312Any arrangements for the winding up of the fund or for its amalgamation with another fund shall be subject to the prior approval of, and subject to such conditions as may be imposed by the approving authority. Application of approval.
- Rule 313Every application for approval of a Superannuation fund under paragraph 4
- Rule 314No alteration in the rules, constitution, objects or conditions of an approved fund shall be made without the prior approval of the approving authority. Appeal under paragraph 9
- Rule 315An appeal under paragraph 9
- Rule 316For the purposes of rules 317 to 329, the expressions- (a) "approving authority" means the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner; (b) "beneficiary" means a person referred to in paragraph 3(b) of
- Rule 317appointed as a trustee without the prior approval of the approving authority.
- Rule 318deposited in a Post Office Savings Bank Account in India; or
- Rule 319conferring on one or more persons, the right to receive the amount of gratuity in the event of his death, before that am
- Rule 320Where the employer is a company as defined in section 2
- Rule 321The ordinary annual contribution by the employer to a fund shall be made on a reasonable basis, as may be approved by the approving authority, having regard to the length of service of each employee concerned, but such contribution shall not exceed 8
- Rule 322The amount to be allowed as a deduction on account of an initial contribution, which an employer may make in respect of the past services of an employee admitted to the benefits of a fund, shall not exceed 8⅓% of the salary of the employee for each y
- Rule 323If an employee assigns or creates a charge upon his beneficial interest in a gratuity fund, the Assessing Officer shall give notice to the employee that if he does not secure the cancellation of the assignment or charge within two months of the date
- Rule 324No money belonging to the fund shall be receivable by the employer under any circumstances nor shall the employer have any lien or charge on the fund. Arrangements for winding up, etc., of business.
- Rule 325Where the trade or undertaking of the employer is to be wound up or discontinued, the trustees shall, with the prior approval of, and subject to such conditions as may be imposed by, approving authority, make satisfactory arrangements for the payment
Chapter 14 - Income-tax Rules, 2026 — Chapter 14
- Rule 326Any arrangements for the winding up of the fund or for its amalgamation with another fund shall be subject to the prior approval of, and to such conditions as may be imposed by, the approving authority. Application for approval.
- Rule 327The application for approval of a gratuity fund is required to be furnished under paragraph 4
- Rule 328No alteration in the rules, constitution, objects or conditions of an approved fund shall be made without the prior approval of the approving authority. Appeal under paragraph 9
- Rule 329An appeal under paragraph 9