INCOME TAX RULES

by Bharat's

CONTENTS AT A GLANCE

DIVISION ONE

INCOME TAX & ALLIED RULES

1.The Income-tax Rules, 1962	1.1
Chronological list of amendments	1.39
2.The Income-tax Rules, 1962	2.1
Text of Rules and Forms	2.1
Subject Index	2.1121
ANNEXURE 1: Income Computation and Disclosure Standards	�
A. Income Computation and Disclosure Standard I relating to accounting policies	2.1147
B. Income Computation and Disclosure Standard II relating to valuation of inventories	2.1149
C. Income Computation and Disclosure Standard III relating to construction contracts	2.1153
D. Income Computation and Disclosure Standard IV relating to revenue recognition	2.1156
E. Income Computation and Disclosure Standard V relating to tangible fixed assets	2.1158
F. Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates	2.1161
G. Income Computation and Disclosure Standard VII relating to government grants	2.1164
H. Income Computation and Disclosure Standard VIII relating to securities	2.1166
I. Income Computation and Disclosure Standard IX relating to borrowing costs	2.1168
J. Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets	2.1171
Circular No. 10/2017, dated 23-3-2017: Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961	2.1174
3.The Income-tax (Certificate Proceedings) Rules, 1962	3.1
Text of Rules and Forms	3.1
Chronological list of amendments	3.4
Subject Index	3.48
4.The Income-tax (Appellate Tribunal) Rules, 1963	4.1
Text of Rules and Forms	4.1
Chronological list of amendments	4.2
CBDT Instruction: Revision of monetary limits for filing of appeals by the department before Income-tax Appellate Tribunal, High Courts and Supreme Court — Measures for reducing litigation — Regarding	4.24
Instructions regarding e-payment of ITAT fees	4.26
Subject Index	4.27
5.Income-tax (Dispute Resolution Panel) Rules, 2009	5.1
Text of the Rules	5.1
Chronological list of amendments	5.2
6.The Income-tax Settlement Commission (Procedure) Rules, 1997	6.1
Text of the Rules	6.1
Chronological list of amendments	6.2
7.The Authority for Advance Rulings (Procedure) Rules, 1996	7.1
Text of the Rules	7.1
8.Direct Tax Vivad Se Vishwas Rules, 2024	8.1
Text of the Rules	8.1

DIVISION TWO

RELEVANT SCHEMES

Text of the Scheme

9.Reverse Mortgage Scheme, 2008	9.1
[For purposes of section 47(xvi)]	�
Text and Forms of the Scheme	9.1
10.Capital Gains Accounts Scheme, 1988	10.1
[For purposes of sections 54(2), 54B(2), 54D(2), 54F(4) and 54G(2)]	�
Text and Forms of the Scheme	10.1
Notification: Banks authorised to receive deposits under the scheme	10.23
11.Bank Term Deposit Scheme, 2006	11.1
[For purposes of section 80C(2)(xxi)]	�
Text and Forms of the Scheme	11.1
12.National Pension Scheme Tier II – Tax Saver Scheme, 2020	12.1
[For purposes of section 80C(2)(xxv)]	�
Text of the Scheme	12.1
13.Faceless jurisdiction of Income-tax Authorities Scheme, 2022	13.1
[For purposes of section 130(1) and (2)]	�
Text of the Scheme	13.1
14.e-Verification Scheme, 2021	14.1
[For purposes of section 135A(1) and (2)]	�
Text of the Scheme	14.1
15.e-Assessment of Income Escaping Assessment Scheme, 2022	15.1
[For purposes of section 151A(1) and (2)]	�
Text of the Scheme	15.1
16.Faceless Inquiry or Valuation Scheme, 2022	16.1
[For purposes of section 142B(1) and (2)]	�
Text of the Scheme	16.1
17.Centralised Processing of Returns Scheme, 2011	17.1
[For purposes of section 143(1A)]	�
Text of the Scheme	17.1
18.Faceless Assessment Scheme, 2019	18.1
(1) Faceless Assessment Scheme, 2019	18.2
[For purposes of section 143(3A)]	�
(2) Directions under section 143(3B) for Faceless Assessment Scheme, 2019	18.19
(3) Conduct of assessment proceedings through "E-Proceeding" facility during financial year 2019-20 — regarding: Circular No. 27 of 2019, dated September 26, 2019	18.31
19.e-Settlement Scheme, 2021	19.1
[For purposes of section 245D(11) and (12)]	�
Text of the Scheme	19.1
20.e-Dispute Resolution Scheme, 2022	20.1
[For purposes of section 245MA(3) and (4)]	�
Text of the Scheme	20.1
21.E-advance Rulings Scheme, 2022	21.1
[For purposes of section 245R(9) and (10) and 245W(2) and (3)]	�
21.1
22.e-Appeals Scheme, 2023	22.1
Text of the Scheme	22.1
23.Faceless Appeal Scheme, 2021	23.1
(1) Faceless Appeal Scheme, 2021 [For purposes of section 250(6B) and (6C)]	23.2
(2) Authorised Income-tax Authorities to conduct e-appeal proceedings	23.14
24.Faceless Penalty Scheme, 2021	24.1
(1) Faceless Penalty Scheme, 2021	�
[For purposes of section 274(2A)]	24.2
(2) Directions under section 274(2B) for Faceless Penalty Scheme, 2021	24.15
25.Guidelines for Compounding of Offences under section 279(2)	25.1

Additional Information in e-book

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26.Securities Transaction Tax Rules, 2004	�
27.Commodities Transaction Tax Rules, 2013	�
28.Prohibition of Benami Property Transaction Rules, 2016	�
29.Equalisation Levy Rules, 2016	�
30.Centralised Processing of Equalisation Levy Statement Scheme, 2023	�