Rule 116: the compliance audit referred to in rule 114 has resulted in the finding of failure on the part of t
Is rule Income-tax Rules, 2026 ke relevant provisions ke under relevant provisions cover karta hai. Proper understanding iske under diye gaye instructions se tax compliance manage ho jati hai.
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Bare law
Rule 116 - the compliance audit referred to in rule 114 has resulted in the finding of failure on the part of the assessee to compl
116. (1) An agreement shall be cancelled by the Board for any of the following reasons: (a) the compliance audit referred to in rule 114 has resulted in the finding of failure on the part of the assessee to comply with the terms of the agreement; or (b) the assessee has failed to file the annual compliance report in time; or (c) the annual compliance report furnished by the assessee contains material errors; or (d) the agreement is to be cancelled under rule 115(4) or rule 117(7). (2) The Board
Procedure for giving effect to rollback provision of an Agreement.
Rule breakdown
116. (1) An agreement shall be cancelled by the Board for any of the following reasons: (a) the compliance audit referred to in rule 114 has resulted in the finding of failure on the part of the assessee to comply with the terms of the agreement; or (b) the assessee has failed to file the annual com
Procedure for giving effect to rollback provision of an Agreement.
Key takeaways
Professional Advice
Complex provisions ko samajhne ke liye apne CA/CS se consult karein.
- CA se help lene se mistakes kam ho jati hain
- Accurate filing ke liye expert guidance zaroori hai
Compliance Essentials
Rule ke provisions properly follow karne se future litigation avoid ho sakti hai.
- Accurate information diye bina application reject ho sakti hai
- Timely compliance se disputes kam ho jati hain
FAQs
Is rule Income-tax Act, 2025 ke under kaise aata hai?
Is rule Income-tax Rules, 2026 ke under framed hai jo Income-tax Act, 2025 ke provisions implement karti hai.
Is rule kab se applicable hoga?
Is rule 1st April, 2026 se applicable hoga. Jab tak koi amendment nahi aati, yeh current form mein valid rahegi.
Kya CA se help leni chahiye?
Complex provisions ko samajhne aur accurate compliance ke liye apne CA/CS se consult karein. Professional help mistakes kam karti hai.