Handbook To Income Tax Rules 2024

Description

Explore the ‘Handbook To INCOME TAX RULES’ (ISBN: 978-81-1956-547-4), authored by CA Madhusudan Agarwal and published by Bharat Publishers. This 28th edition, 2024, spans 1016 plus pages and offers detailed insights into income tax regulations. Enjoy a flat 37% discount for a limited period along with free shipping.

Detailed Contents
Division 1
Checklists & Tables 1
Division 2
Procedures, Conditions and Compliances under the Income-tax Rules/Act 25
1. Rule 2A/Section 10(13A): What are the prescribed limits for exemption from House Rent Allowance? 27
2. Rule 2B/Section 10(5): What are the prescribed conditions for claiming exemption from Leave Travel Concessions? 36
3. Rule 2BA/Section 10(10C): What are the prescribed guidelines for claiming exemption in respect of amount received at the time of Voluntary Retirement/separation by an employee? 39

4. Rule 2BB/Section 10(14): What are the prescribed allowances which are exempt from income-tax upto prescribed limits? 46
5. Rule 2BBA/Section 10(19): What are the circumstances and conditions for exemption under section 10(19)? 51
6. Rule 2BBB/Section 10(23C): What is the percentage of Government grant for considering university, hospital, etc. as substantially financed by the Government 52
7. Rule 2BC/Sections 10(23C)(iiiad) and 10(23C)(iiiae): What are the Prescribed Monetary Limits under sub-clauses (iiiad) and (iiiae) of Clause (23C) of Section 10? 53
8. Rule 2C/Sections 10(23C)(iv) and 10(23C)(v) How to make an application for the purpose of grant of approval of a fund or trust or institution or university or any hospital or other medical institution under clause (i) or clause (ii) or clause (iii) or clause (iv) of first proviso to section 10(23C) 54
9. Rule 2DCA/Section 10(23FE): how to compute minimum investment and exempt income for the purpose of section 10(23FE) 61
10. Rule 2DD/Section 10(23FF): how to calculate exempt income of specified fund for the purpose of section 10(23FF) 66

11. Rule 2F/Section 10(47): What are the Guidelines for setting up an infrastructure debt fund? 68
12. Rule 3/Section 17: What are the Rules for valuation of perquisites? 70
13. Rule 3A/Section 17(2), proviso (ii)(b): What are the prescribed guidelines for claiming exemption of medical benefits from perquisite value in respect of medical treatment of prescribed diseases or ailments in hospitals approved by
the Chief Commissioner? 94
14. Rule 3B/Section 17(2)(viia): how to calculate annual accretion referred to in section 17(2)(viia) of income tax act, 1961 97
15. Rule 4/Explanation below section 23(1): What are the prescribed conditions for claiming benefit of unrealised rent? 98
16. Rule 5(2)/Section 32: What are the Rules for Claiming depreciation and the prescribed conditions for claiming higher rate of depreciation? 99

17. Rule 5AC/Section 33AB: WHAT ARE THE PRESCRIBED GUIDELINES FOR REPORT OF AUDIT OF ACCOUNTS TO BE FURNISHED UNDER SECTION 33AB(2)? 120
18. Rule 5AD/Section 33ABA: WHAT ARE THE PRESCRIBED GUIDELINES FOR REPORT OF AUDIT OF ACCOUNTS TO BE FURNISHED UNDER SECTION 33ABA(2)? 121
19. Rule 5C/Sections 35(1)(ii) and 35(1)(iii): What are the guidelines, form and manner in respect of approval under section 35(1)(ii) and 35(1)(iii)? 122
20. Rule 5CA/5th proviso to section 35(1): how to make intimation by a research association, university, college or other Institution 125
21. Rule 5D/Section 35(1)(ii): What are the conditions subject to which approval is to be granted to a Research Association under section 35(1)(ii)? 127

22. Rule 5E/Sections 35(1)(ii) and 35(1)(iii): What are the conditions subject to which approval is to be granted to a university, college or other institution under section 35(1)(ii) and 35(1)(iii)? 129
23. Rule 5F/Section 35(1)(iia): What are the guidelines and who is the prescribed authority for approval under section 35(1)(iia)? 131
24. Rule 5G/Section 115BBF Which is the option form for taxation of income from patent 134
25. Rule 6/Section 35(2AA): What is the procedure for approval of programme for scientific research expenditure? 135
26. Rule 6/Section 35(2AB): What is the procedure for approval of programme for Scientific Research Programme in case of a Company engaged in the business of manufacture or production of specified items? 138
27. Rule 6AAD/6AAE/Section 35CCC: WHAT ARE THE GUIDELINES FOR APPROVAL OF AGRICULTURAL EXTENSION PROJECT UNDER SECTION 35ccc 141
28. Rule 6AAF/6AAG/6AAH: What are the guidelines/ conditions for approval of Skill development project under section 35CCD 145
29. Rule 6AB/Sections 35D and 35E: WHAT IS THE PRESCRIBED FORM OF AUDIT REPORT FOR CLAIMING DEDUCTIONS UNDER SECTIONS 35D AND 35E? 150
30. Rule 6ABA/Section 36(1)(viia): What is the method for computation of aggregate average advances for the purposes of section 36(1)(viia) of Income-tax Act, 1961? 151
31. Rule 6ABBA WHAT ARE THE OTHER ELECTRONIC MODES OF PAYMENT UNDER SPECIFIED PROVISIONS OF INCOME TAX ACT, 1961 152
32. Rule 6ABBB/Section 35D: How to furnish statement regarding preliminary Expenses under section 35D 153
33. Rule 6ABAA/Section 36(1)(viii): What are the Conditions to be fulfilled by a public facility to be eligible to be notified as an infrastructure facility? 154
34. Rule 6DD/Section 40A(3): WHAT ARE CASES 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 155

35. Rule 6DDC and 6DDD: What conditions a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of proviso to section 43(5) 174
1. Conditions to be fulfilled 174
2. Application for notification 174
3. Documents accompanying application 174
4. Celling for more information 175
5. Application to be accepted or rejected 175
6. Period of effective notification 175
36. Rule 6E/Rule 5(c) of First Schedule: What are the prescribed limits of reserve for unexpired risks in case of insurance business (other than life insurance)? 176
37. Rule 6EB/Section 43D: What are the categories of bad or doubtful debts in the case of a public company under section 43D(b) of Income-tax Act, 1961? 177
38. Rule 6F/Section 44AA: What are the books of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions? 178
39. Rule 6G/Section 44AB: WHAT ARE THE PRESCRIBED REPORT OF AUDIT OF ACCOUNTS TO BE FURNISHED U/S 44AB? 183
40. Rule 6GA/Section 44DA: WHAT IS THE PRESCRIBED FORM OF REPORT OF AUDIT OF ACCOUNTS TO BE FURNISHED UNDER SECTION 44DA 188
COMPUTATION OF CAPITAL GAINS IN CASE OF SLUMP SALE UNDER SECTION 50B? 190
42. Rules 7 and 8/Section 2(1A): How to compute income which is partially agricultural and partially from business? 191
43. Rule 8AA/Section 2(42A): WHAT IS THE METHOD OF DETERMINATION OF PERIOD OF HOLDING OF CAPITAL ASSETS IN OTHER CASES 196
44. Rule 8AB/Section 48: hOW TO ATTRIBUTE INCOME TAXABLE UNDER SECTION 45(4) TO CAPITAL ASSETS REMAINING WITH THE SPECIFIED ENTITY UNDER SECTION 48 197
45. Rule 8AC/Section 50: HOW TO COMPUTE SHORT TERM CAPITAL GAIN AND WRITTEN DOWN VALUE UNDER SECTION 50 WHERE DEPRECIATION ON GOODWILL HAS BEEN OBTAINED 199
46. Rule 8AD/Section 45(1B): HOW TO COMPUTE CAPITAL GAIN
FOR THE PURPOSE OF SECTION 45(1B) 200
47. Rule 8B/Section 2(48): What are the guidelines for notification of Zero Coupon Bonds? 201
48. Rule 8C/Section 36(1)(iiia): How to compute pro-rata amount of discount on a Zero Coupon Bond? 203
49. Rule 8D/Section 14A: How to determinE amount of expenditure in relation to income not includible in total income 204
50. Rule 9/Section 180: How to compute royalties or copy-right fees, etc. for literary or artistic work? 207
51. Rule 9A/Section 37(1): How to compute deduction in respect of expenditure on production of feature films? 208

52. Rule 9B/Section 37(1): How to compute deduction in respect of expenditure on acquisition of distribution rights of feature films? 212
53. Rule 9C/Section 72A(2)(iii): What are the conditions for carrying forward or set off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation? 214
54. Rule 9D/Section 10(11), 10(12): HOW TO CALCULATE TAXABLE INTEREST RELATING TO CONTRIBUTION IN A PROVIDENT FUND OR RECOGNISED PROVIDENT FUND EXCEEDING SPECIFIED LIMIT 216
55. Rule 10/Sections 9 and 92: How to determine the income in the case of non-residents? 217
56. Rule 10A/Section 92F: WHAT IS THE MEANING OF VARIOUS EXPRESSIONS USED IN COMPUTATION OF ARM’S LENGTH PRICE? 223
57. Sections 92B and 92BA: WHAT IS THE MEANING OF INTERNATIONAL TRANSACTION AND SPECIFIED DOMESTIC TRANSACTION? 225
58. Rule 10B/Section 92C(2): What are the various methods for determining the arm’s length price in relation to an international transaction or a specified domestic transaction for the purposes of section 92C(2) 227

59. Rules 10AB and 10C/Section 92C(1): What is the best method for measuring arm’s length price in relation to the international transaction or a specified domestic transaction 237
60. Rule 10CA/Section 92C(1): HOW TO COMPUTE ARM’S LENGTH PRICE 239
61. Rule 10CB/Section 92CE(2): how to compute interest income pursuant to secondary adjustments 245
62. Rule 10D/Section 92D: What are the informations and documents to be kept by a person who has entered into an international transaction or the specified domestic transaction 248
63. Rule 10DA/Sections 92D(1) & (4): What information and documents are to be kept and maintained and furnished under sections 92D(1) and 92D(4) 252
64. Rule 10DB/Section 286(1): how to furnish report in respect of an international group 255
65. Rule 10E/Section 92E: WHAT IS THE PRESCRIBED REPORT FROM AN ACCOUNTANT TO BE FURNISHED BY PERSONS ENTERING INTO INTERNATIONAL TRANSACTION OR A SPECIRFIED DOMESTIC TRANSACTION? 257

66. Rules 10F, 10G, 10H, 10-I, 10J, 10K, 10L, 10M, 10N, 10-O, 10P, 10Q, 10R, 10S, 10T/Section 92CC(a) read with section 295: WHAT IS THE PROCEDURE FOR APPLYING/AMENDING/ REVISING ADVANCE PRICING AGREEMENTS 258
67. Rule 10TA, 10TB to 10TG: Safe Harbour Rules 266
68. Rule 10TH, 10THA, 10THB, 10THC, 10THD/Section 92C: What are the safe harbour rules for specified domestic transaction 282
69. Rule 10U: What are the cases where provisions related to general anti-avoidance rules under chapter xa of income tax act, 1961 do not apply 286
70. Rule 10V: WHAT ARE THE GUIDELINES FOR APPLICATION OF SECTION 9A 289

71. Rule 11A/Sections 80DD and 80U: What are the prescribed conditions for the allowability of deduction under sections 80DD and 80U 295
72. Rule 11AA/Section 80G(5)(vi): What are the prescribed requirements for approval of an institution or fund under section 80G? 304
73. Rule 11B/Section 80GG: What are the conditions for allowance for deduction under section 80GG? 308
74. Rule 11C/Section 80RRA, Explanation (c)(vi): What are the prescribed fields for the purposes of deduction in respect of remuneration received from foreign employers or Indian concerns under section 80RRA? 309

75. Rule 11DD/Section 80DDB: What are the specified diseases and ailments under section 80DDB? 310

76. Rule 11EA/Section 80-IB(5): What are the guidelines for specifying industrially backward districts for the purposes of deduction under section
80-IB(5)? 312

77. Rules 11F to 11-I/Section 35AC: WHAT ARE THE PROVISIONS RELATED TO COMPOSITION OF NATIONAL COMMITTEE UNDER SECTION 35AC? 323
78. Rule 11J/Section 35AC: What are the guidelines for approval of associations and institutions? 325
79. Rule 11K/Section 35AC: What are the guidelines for recommending projects or schemes? 326
80. Rule 11L-11O/Section 35AC: WHAT IS THE PROCEDURE FOR AN APPROVAL OF ASSOCIATION OR INSTITUTION OR FOR RECOMMENDATION OF A PROJECT OR SCHEME BY THE NATIONAL COMMITTEE? 328
81. Rule 11-OA/Section 35AD: What are the guidelines for notification of affordable housing project as specified business under section 35AD? 332
82. Rule 11OB/Section 35AD: What are the Guidelines for notification of a Semi Conductor Wafer Fabrication manufacturing unit as specified business under section 35AD 335
83. Rule 11P/Sections 115VP to 115VS: What is the Procedure for option of tonnage tax scheme 337
84. Rule 11UAE/Section 50B: HOW TO COMPUTE FAIR MARKET VALUE OF CAPITAL ASSETS FOR THE PURPOSE OF
SECTION 50B OF INCOME TAX ACT 339
85. Rule 12/Section 139: What are the prescribed forms and due dates for filing Return of Income? 341
86. Section 143(1A): What is the prescribed scheme for processing of return of income 356
87. Section 139(1A): What is the scheme for filing of returns by salaried employees through employer? 361
88. Rule 12(3)/Sections 139(1B), 139D: WHAT ARE THE QUALIFICATIONS OF E-RETURN INTERMEDIARY 362
89. Section 144C: WHAT IS THE PROCEDURE FOR FILING OBJECTION BEFORE DISPUTE RESOLUTION PANEL BY ELIGIBLE ASSESSEE 365
90. Rule 12AB/Section 139(1)(b): what are the conditions for furnishing return of income by persons referred to in section 139(1)(b) 368
91. Rule 12AC/Section 139(8A): how to file updated return of income 369
92. Rule 12AD: how to file modified return of income by successor entity to a business organisation 370
93. Rule 12B/Section 115R(3A): How the statement under section 115R(3A) is to be furnished? 371
94. Rule 12C/Section 115U(2): How the statement under section 115U(2) is to be furnished? 372
95. Rule 12CA/Section 115UA(4): How the statement under section 115UA(4) is to be furnished 373
96. Rule 12CB/Section 115UB(7): HOW TO FURNISH STATEMENT OF INCOME PAID OR CREDITED BY AN INVESTMENT FUND TO ITS UNIT HOLDER 374

97. Rule 12CC/Section 115TCA: How to furnish statement of income distributed by a securitisation trust to its investor 376
98. Rule 14/Section 142: WHAT IS THE PRESCRIBED FORM OF VERIFICATION UNDER SECTION 142? 377
99. Rule 14A/Section 142: WHAT IS THE PRESCRIBED FORM OF AUDIT REPORT UNDER SECTION 142(2A)? 378
100. Rule 14B/Section 142(2A): what are the guidelines for the purposes of determining audit expenses OR INVENTORY VALUATION 382

101. Rule 15/Section 156: WHAT IS PRESCRIBED FORM OF NOTICE OF DEMAND UNDER SECTION 156 383
102. Rule 15A/Section 158A: WHAT IS THE SPECIAL PROVISION FOR AVOIDING REPETITIVE APPEALS UNDER SECTION 158A? 384
103. Rule 16: IN WHICH FORM APPLICATION UNDER SECTION 158AB TO DEFER FILING OF APPEAL BEFORE THE APPELLATE TRIBUNAL OR JURISDICTIONAL HIGH COURT IS TO BE MADE? 386
104. Rule 16B/Section 10(8A) & (8B): WHO IS THE PRESCRIBED AUTHORITY FOR THE PURPOSES OF SECTION 10(8A) and (8B) 387
105. Rule 16C/Section 10(23AAA): What are the requirements for approval of Employee’s Welfare Fund Under section 10(23AAA)? 388
106. Rule 17/Section 11(1): HOW TO EXERCISE OPTION UNDER SECTION 10(23C)/SECTION 11 389
107. Rule 17A/Section 12A: How to make application for registration of charitable or religious trusts, etc.? 392
108. Rule 17AA: what bookS of account and other documents are to be kept and maintained by fund or institution or trust or any university or other educational institution or any hospital or other medical institution under tenth proviso to section 10(23C)(a) or 12A(1)(b)(i) 397
109. Rule 17C/Section 11(5)(xii): What are the prescribed forms or modes of investment or deposits by a charitable or religious trust or institution? 403
1. Mode of investment or deposit 403
110. Rule 17CA/Section 13B: How an Electoral Trust should function so that voluntary contributions received by it is not included in its total income 405
111. Rule 17CB/Section 115TD(2): What is the method of valuation for the purpose of section 155TD(2) 408
112. Rule 17D/Section 80HHB(2)(b)(iii): What are the prescribed foreign projects for the purpose of deduction in respect of profits and gains from projects outside India under section 80HHB? 412
113. Rule 18AAA/Section 80G: WHO IS THE PRESCRIBED AUTHORITY FOR APPROVAL OF DONATION MADE TO A UNIVERSITY OR ANY EDUCATIONAL INSTITUTIONS UNDER SECTION 80G(2)(a)(iiif)? 413

114. Rule 18AAAA/Section 80G(5C): Who is the prescribed authority for the purpose of receiving separate accounts from trusts or funds or institutions for providing relief to the victims of earthquake in Gujarat? 414
115. Rule 18AAAAA/Section 80G(2)(c): What are the guidelines for specifying an association or institution for the purposes of notification under section 80G(2)(c)? 416
116. Rule 18AB/Section 80G(5)(viii)(ix) or 35(1A): how to furnish statement of particulars and certificates under section 80G(5)(viii) and (ix) or section 35(1A) 417
117. Rule 18BBB/Sections 80-I, 80-IA, 80-IB & 80-IC: WHAT IS THE PRESCRIBED FORM OF AUDIT REPORT FOR CLAIMING DEDUCTION UNDER SECTIONS 80-I, 80-IA, 80-IB & 80-IC? 419
118. Rule 18BBC/Section 80-IB(7)(c)/(iii): Who is the prescribed authority and what is the prescribed procedure for approval of hotels located in certain areas? 422
119. Rule 18BBE/Section 80-IA: What is the method of computation of profit of certain activities forming integral part of a highway project for the purpose of section 80-IA? 423
120. Rule 18C/Section 80-IA(4)(iii): Do you wish to know the eligibility criteria of operating an industrial park/special economic zone? 424
121. Rule 18D/Section 80-IB(8A): Who is the prescribed authority for approval of companies carrying on scientific research and development? 427
122. Rule 18DA/Section 80-IB(8A): What are the prescribed conditions for claiming deductions U/S 80-IB(8A)? 428
123. Rule 18DB/Section 80-IB(14)(da) and Section 80-IB(7A): What are the prescribed area, facilities and amenities for multiplex theatres and particulars of audit report for claiming deduction? 430
124. Rule 18DC/Section 80-IB(7B)/(14)(aa): What are the prescribed areas, facilities and amenities for Convention centres and particulars of audit report for deduction under section 80-IB(7B) and 80-IB(14)(aa) of Income-tax Act, 1961? 432
125. Rule 18DD/Section 80-IB(11B): What are the conditions for deduction from business of operating and maintaining a hospital in a rural area under section 80-IB(11B) of Income Tax Act, 1961? 434
126. Rule 18DE/Section 80-ID: What is the prescribed area, minimum sitting 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 435
127. Rule 19AB/Section 80JJAA: WHAT IS THE PRESCRIBED FORM OF REPORT FOR CLAIMING DEDUCTION UNDER SECTION 80-JJAA? 436
128. Rule 19AC/Section 80QQB: WHAT IS THE PRESCRIBED FORM OF CERTIFICATE TO BE FURNISHED UNDER SECTION 80QQB? 437
129. Rule 19AD/Section 80RRB: WHO IS THE PRESCRIBED AUTHORITY AND WHAT IS THE PRESCRIBED FORM OF CERTIFICATE TO BE FURNISHED UNDER SECTION 80RRB? 439
130. Rule 19AE/Section 80LA: WHAT IS THE PRESCRIBED FORM OF CERTIFICATE TO BE FURNISHED UNDER SECTION 80LA? 441
131. What are the guidelines for approval of issue of public companies under section 80C(2)(xix) or 88(2)(xvi) of the Income-tax Act, 1961? 442
132. Rule 20A/Section 88(2)(xvii): What are the guidelines for approval of mutual funds under section 80C(2) (xx) OR 88(2)(xvii) of Income-tax Act, 1961 443
133. Rule 20AB/Section 88E: What is the procedure for obtaining rebate in respect of securities transaction tax U/S 88E of Income-tax Act, 1961? 444
134. Rule 21A/Section 89: What are the rules for computation of Relief when salary is paid in arrears or in advance, etc.? 445
135. Rule 21AA/Section 89: WHAT ARE THE PARTICULARS TO BE FURNISHED FOR CLAIMING RELIEF U/S 89(1)? 453
136. Rule 21AAA: WHAT ARE THE RULES FOR TAXATION OF INCOME FROM RETIREMENT BENEFIT ACCOUNT MAINTAINED IN A NOTIFIED COUNTRY? 454
137. Rule 21AB/Sections 90 and 90A: HOW TO OBTAIN CERTIFICATE FOR CLAIMING RELIEF UNDER AN AGREEMENT WITH FOREIGN COUNTRIES OR SPECIFIED TERRITORIES AND AGREEMENTS BETWEEN SPECIFIED ASSOCIATIONS FOR DOUBLE TAXATION RELIEF 456
138. Rule 21AC/Section 94A: WHAT ARE THE REQUIREMENTS RELATED TO FURNISHING OF AUTHORISATION AND MAINTENANCE OF DOCUMENTS ETC. FOR THE PURPOSES OF SECTION 94a 457
1. Requirements related to furnishing of authorisation and maintenance
139. Rule 21AD/Section 115BA(4): How to exercise option under section 115BA(4) 458
140. Rule 21AE, 21AF/Section 115BAA/115BAB: DO YOU WANT TO EXERCISE OPTION UNDER SECTION 115BAA(5) AND 115baB(7) 459
141. Rule 21AG/Section 115BAC: how to exercise option under section 115BAC(5) 460
142. Rule 21AGA/Section 115BAC: how to exercise option under section 115BAC(6) 462
143. Rule 21AI/Section 10(4D): How to Compute exempt Income of specified fund for the purpose of section 10(4D) 463
144. Rule 21AIA: what are the other conditions required to be fulfilled by a specified fund referred to in section 10(4D) 465
145. Rule 21AJ/Section 115AD(1A): Determination of income of a specified fund attributable to units held by non-residents under sub-section (1A) of section 115AD 466
146. Rule 21AJA/Section 10(4D): How to compute exempt income of specified fund, attributable to the investment division of an offshore banking unit for the purpose of section 10(4D) 468
147. Rule 21AJAA/Section 115AD(1B): How to determine income of a specified fund attributable to investment
division of an offshore banking unit under section 115AD(1B) of income tax act, 1961 470
148. Rule 21AK/Section 10(4E): what are the conditions for the purpose of section 10(4E) 471
149. Rule 21AL: WHAT ARE OTHER CONDITION TO BE FULFILLED BY ORIGINAL FUND WHERE A CAPITAL ASSET IS TRANSFERRED TO A RESULTANT FUND BEING CATEGORY iii ALTERNATIVE INVESTMENT FUND 473
150. Rule 28: HOW TO MAKE AN APPLICATION FOR GRANT OF CERTIFICATE FOR DEDUCTION OF INCOME-TAX AT ANY LOWER RATES OR NO DEDUCTION OF INCOME-TAX 474
151. Rule 28AA: How to compute lower rate of tax deduction? 475
152. Rule 29BA/Section 195(2)/195(7): HOW TO MAKE AN APPLICATION FOR GRANT OF CERTIFICATE OF DETERMINATION OF APPROPRIATE PROPORTION OF SUM (OTHER THAN SALARY) PAYABLE TO NON-RESIDENT CHARGEABLE IN CASE OF RECIPIENTS 477
153. Rules 30, 31, 33, 37/Section 192: What are the provisions relating to deduction of tax at source from salary 479
154. Rule 30, 31, 31A, 37/Section 193: What are the provisions relating to deduction of tax at source from Interest on Securities 486
155. Rule 30, 31, 31A and 37/Section 194A: What are the provisions relating to deduction of tax at source from interest other than interest on securities 491
156. Rule 30, 31, 31A and 37/Section 194B: What are the provisions relating to deduction of tax at source from winnings from lottery or crossword puzzle 496
157. Rule 30, 31, 31A and 37/Section 194BB: What are the provisions relating to deduction of tax at source from winnings from Horse Races 500
158. Rule 28, 30, 31, 31A and 37/Section 194C: What are the provisions relating to deduction of tax at source from payments to contractors/sub-contractors 504
159. Rule 30, 31, 31A and 37/Section 194D: What are the provisions relating to deduction of tax at source from Insurance Commission 509
160. Rule 30, 31, 31A/Section 194E: What are the provisions relating to deduction of tax at source fro payments to non-resident sportsmen or sports association 514
161. Rule 30, 31, 31A and 37/Section 194EE: What are the provisions relating to deduction of tax at source from payment in respect of deposits under National Savings Scheme, etc. 518

162. Rule 30, 31, 31A, 37/Section 194F: What are the provisions relating to deduction of tax at source from payments on account of repurchase of units by Mutual Fund or Unit Trust of India 523
163. Rule 30, 31, 31A and 37/Section 194G: What are the provisions relating to deduction of tax at source from Commission, etc., on sale of lottery tickets 527
164. Rule 30, 31, 31A and 37/Section 194H: What are the provisions relating to deduction of tax at source from commission or brokerage 531
165. Rule 30, 31, 31A and 37/Section 194-I: What are the provisions relating to deduction of tax at source from rent payment 535
166. Rule 30/Section 194-IA: What are the provisions relating to deduction of tax at source on payment on transfer of immovable property other than agricultural land 539
167. Rule 30/Section 194-IB: when and how to deposit tax deducted at source on payment of rent by certain individuals or hindu undivided family 540
168. Rule 30, 31, 31A and 37/Section 194J: What are the provisions relating to deduction of tax at source from “Fees for professional or Technical Services” 541
169. Rule 30, 31, 31A & 37/Section 194K: WHAT ARE THE PROVISIONS RELATING TO DEDUCTION OF TAX AT SOURCE FROM “INCOME FROM MUTUAL FUNDS/UTI” 546
170. Rule 30, 31 & 37/Section 194LA: WHAT ARE THE PROVISIONS RELATING TO DEDUCTION OF TAX AT SOURCE ON PAYMENT OF COMPENSATION ON ACQUISITION OF CERTAIN IMMOVABLE PROPERTY 551
171. Rule 30, 31, 31A/Section 194M HOW TO MAKE PAYMENT OF CERTAIN SUMS BY CERTAIN INDIVIDUALS OR HINDU UNDIVIDED FAMILY 555
172. Rule 29B/Section 195: How to obtain a certificate authorising receipt of interest and other sums without deduction of tax in case of non-residents 557
173. Rule 29C/Section 197A(1)/197A(1A): HOW TO MAKE DECLARATION FOR CLAIMING OF RECEIPT OF CERTAIN INCOME WITHOUT DEDUCTION OF TAX 559
174. Rules 30, 31, 31A, 37A and 37BB/Sections 193, 194, 194E, 195, 196A, 196B, 196C and 196D: What are the provisions relating to deduction of tax at source from payment to non-resident 561

175. Rule 30, 31, 31A and 37A/Section 196B: What are the provisions relating to deduction of tax at source from income from units in case of offshore fund 566
provisions relating to Deduction of Tax at Source on Income from foreign currency bonds or shares of Indian company 570
177. Rule 30, 31, 31A and 37A/Section 196D: What are the provisions relating to Deduction of tax at Source from Income of Foreign Institutional Investors from Securities 574
178. Rule 29/Section 197: How to obtain a certificate for no deduction of tax or deduction at lower rates from dividends 578
179. Rule 31AC, 31ACA/Section 206A: Furnishing of quarterly returns in respect of payment of interest to residents without tax deduction 707
180. Rule 37BA/Section 199: How to avail credit for tax deducted at source for the purpose of section 199 708
181. Rule 37BB: HOW TO FURNISH INFORMATION FOR PAYMENT TO A NON-RESIDENT NOT BEING A COMPANY OR TO A FOREIGN COMPANY 709
182. Rules 37C to 37H/Section 206C: What are the provisions relating to Collection of Tax at Source 712
183. Rule 37-I/Section 206C: HOW TO AVAIL CREDIT FOR TAX COLLECTED AT SOURCE 715
184. Rule 31AA/Section 206C: QUARTERLY STATEMENT OF COLLECTION OF TAX UNDER SECTION 206C(3) 716
185. Rule 37CA, 37CB and 37D/Section 206C: TIME AND MODE OF PAYMENT TO GOVERNMENT ACCOUNT OF TAX COLLECTED AT SOURCE UNDER SECTION 206C 718
186. Rule 37-D/Section 206C(5): CERTIFICATE FOR COLLECTION OF TAX AT SOURCE UNDER SECTION 206C(5) 720
187. Rule 38/Section 210: What is the Prescribed form of Notice of Demand for Advance Tax under section 210? 721
188. Rule 39/Section 210: What is the Prescribed form for Intimation of Advance Tax under section 210? 722
189. Rule 40B/Section 115JB: WHAT IS THE PRESCRIBED FORM OF REPORT OF ACCOUNTANT TO BE FURNISHED UNDER SECTION 115JB(4)? 723
Annexure 724
190. Rule 40BB/Section 115QA WHAT ARE THE PROVISIONS RELATED TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY BACK OF SHARES 729
191. Rules 42 to 44/Section 230: WHAT IS THE PRESCRIBED FORMS AND CERTIFICATES REQUIRED TO BE FURNISHED UNDER SECTION 230 AND WHO IS THE PRESCRIBED AUTHORITY FOR TAX CLEARANCE CERTIFICATES? 732
192. Rule 41/Section 239: What is the prescribed procedure for claiming refund 744
193. Rules 44C, 44CA and 44D/Section 245C: What is the prescribed procedure for application to settlement commission 748
194. Rules 44DAA to 44DAD: What is dispute resolution committee for dispute resolution and how to apply 751
195. Rules 44E and 44F/Section 245Q/Authority for Advance Rulings (Procedure) Rules, 1996: What is the prescribed procedure for application for obtaining an advance ruling 753
196. Rule 44FA: how to file appeal to the high court on ruling pronounced or order passed by the Board for advance ruling under section 245W(1) 757
197. Rules 44G and Sections 90 & 295(2)(h): Do you wish to invoke the mutual agreement procedure against a double taxation avoidance agreement 758
198. Rule 44GA What is the procedure to deal with the requests for bilateral or multilateral advance pricing agreements 760
199. Rules 45, 46, 46A/Sections 246 and 249: What is the procedure for appeals to Commissioner (Appeals) 761

200. Rule 47/Section 253: WHAT IS THE PRESCRIBED FORM OF APPEAL AND MEMORANDUM OF CROSS OBJECTIONS TO APPELLATE TRIBUNAL UNDER SECTION 253 768

201. Rules 49 to 66/Section 288: Who can be Authorised Representative and what is the procedure for getting oneself registered as an authorised Income-tax Practitioner 770

202. Rules 67-76: RECOGNISED PROVIDENT FUNDS 774

203. Rules 77 to 81: How to make an application for recognition of a Recognised Provident Fund 783

204. Rules 82-94: APPROVED SUPERANNUATION FUND 785

205. Rules 95 to 97: How to make an application for approval of Superannuation Fund 798
206. Rules 98-108: APPROVED GRATUITY FUND 799
207. Rules 109 to 111: How to make an application for approval of a Gratuity Fund 807
208. Rule 111AA/Section 55A(b)(i): What are the prescribed conditions for reference to Valuation Officer 808
209. Rule 111B/Section 119: What is the procedure for publication and circulation of Board’s Order 809
210. Rule 112/Section 132: What is the prescribed procedure for Search and Seizure 810
211. Rule 112A/Section 132(5): What is the prescribed procedure for inquiry under section 132 in Search and Seizure cases 814
212. Rules 112B and 112C/Sections 132(5) and 132B: What is the prescribed procedure for release of articles in Search and Seizure 815
213. Rule 112D/Section 132A: What is the prescribed procedure for requisition of books of account, etc. in Search and Seizure 816
214. Rule 112E/Section 133B: WHAT IS THE PRESCRIBED FORM FOR FURNISHING INFORMATION UNDER SECTION 133B 818
215. Rule 112E WHICH ARE CLASS OR CLASSES OF CASES IN WHICH ASSESSING OFFICER SHALL NOT BE REQURIED TO ISSUE NOTICE FOR ASSESSMENT OR REASSESSMENT OF THE TOTAL INCOME FOR SIX ASSESSMENT YEARS IMMEDIATELY PRECEDING THE ASSESSMENT YEAR 819

216. Rule 113/Section 138 What is the prescribed procedure for disclosure of information respecting assessees 821
217. Rule 114/Section 139A: What is the prescribed procedure for Permanent Account Number 822

218. Rule 114A/Section 203A: What is the prescribed procedure for Tax Deduction and collection Account Number 834
219. Rule 114AA/Section 206CA: WHAT IS THE PRESCRIBED FORM OF APPLICATION FOR ALLOTMENT OF A TAX COLLECTION ACCOUNT NUMBER 835
220. Rule 114AAA/Section 139AA WHAT IS MANNER OF MAKING PERMANENT ACCOUNT NUMBER INOPERATIVE 836
221. Rule 114AAB/Section 139A To which class or classes, provisions of section 139A do not apply 839
222. Rule 114B: Section 139A(5)(c): What are the transactions in relation to which permanent account number or general index register number is to be quoted for the purpose of section 139A(5)(c)? 841
223. Rule 114BA: What are the transactionS for the purpose of section 139a(1)(vii) 850
224. Rule 114BB: what are the transactions for quoting pan or aadhaar for the purpose of section 139A(6a) and for person prescribed in explanation to section 139A 851
225. Rule 114C: VERIFICATION OF PERMANENT ACCOUNT NUMBER 853
226. Rule 114D: What is the time and manner in which persons referred to in rule 114C(2) shall furnish the copies of Form Nos. 60 and 61 854

227. Rule 114DA/Section 285: How to furnish annual statement by a non-resident having liaIson office in India 857
228. Rule 114DB/Section 285A what documents or information are to be furnished under section 285A 858
229. Rule 114E/Section 285BA: Which class of persons are required to furnish annual information return and on which nature and value transactions 860
230. Rule 114F, 114G/114H/114-I/Section 285A: HOW TO FURNISH INFORMATION OR DOCUMENTS BY AN INDIAN CONCERN WHERE ANY SHARE OF OR INTEREST IN A COMPANY/ ENTITY REGISTERED OR INCORPORATED OUTSIDE iNDIA DERIVES DIRECTLY OR INDIRECTLY ITS VALUE SUBSTANTIALLY FROM ASSETS LOCATED IN INDIA AND
231. Rule 115: How to determine the rate of exchange for conversion into rupees of income expressed in foreign currency 928
232. Rule 115A/Section 48, first proviso: What is the rate 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 first proviso to section 48 930
CERTIFICATE OF STATEMENT UNDER SECTION 222 OR SECTION 223 931
234. Rule 119A/Section 244A: What is the prescribed procedure to be followed in calculation of interest by the assessee to the Central Government/by Central Government to the assessee 932
235. Rule 119AA/Section 269SU HOW TO PROVIDE FACILITY FOR PAYMENT IN CERTAIN CASES 934

236. Rule 121A/Section 285B: WHAT IS THE PRESCRIBED FORM OF STATEMENT TO BE FURNISHED BY PRODUCER OF CINEMATOGRAPH FILMS 937

237. Rule 125: WHAT IS THE PROCEDURE FOR ELECTRONIC PAYMENT OF TAX? 938
238. Rule 126/Section 6(1): HOW TO COMPUTE PERIOD OF STAY IN RESPECT OF ELIGIBLE VOYAGE FOR INDIAN INDIVIDUAL CITIZEN AND A MEMBER OF CREW OF SHIP 939
239. Rule 127/Section 282(1): WHAT IS THE PROCEDURE FOR SERVICE OF NOTICE, SUMMONS, REQUISITION, ORDER AND OTHER COMMUNICATION 940
240. Rule 128 HOW A RESIDENT ASSESSEE CAN BE ALLOWED A CREDIT FOR THE AMOUNT OF INCOME TAX PAID BY HIM IN A COUNTRY OUTSIDE INDIA 942
241. Rule 128/Section 295 How to avail tax credit for foreign tax paid 944
242. Rule 132: how to make an application requesting for recomputation of total income of previous year without allowing claim for deduction of surcharge or cess claimed and allowed as deduction under section 40? 946
243. Rule 132/Section 115BBJ: Calculation method for net winnings from online games 947
Division 3
Circulars/Notifications under IT (Appellate Tribunal) Rules
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