INCOME

INCOME-TAX RULES, 1962

	PART I PRELIMINARY
1	Short title and commencement
2	Definitions
	PART II DETERMINATION OF INCOME A. —Salaries
2A	Limits for the purposes of section 10(13A)
2B	Conditions for the purpose of section 10(5)
2BA	Guidelines for the purposes of section 10(10C)
2BB	Prescribed allowances for the purposes of clause (14) of section 10
2BC	Amount of annual receipts for the purposes of sub-clauses (iiiad) and (iiiae) of clause (23C) of section 10
2C	Application under section 10(23) and under sub-clauses (iv) and (v) of section 10(23C)
2CA	Guidelines for approval under sub-clauses (vi) and (via) of clause (23C) of section 10
2D	Guidelines for approval under clause (23F) of section 10
2DA	Guidelines for approval under clause (23FA) of section 10
2E	Guidelines for approval under clause (23G) of section 10
3	Valuation of perquisites
3A	Exemption of medical benefits from perquisite value in respect of medical treatment of prescribed diseases or ailments in hospitals approved by the Chief Commissioner
	B.—Income from house property
4	Unrealised rent
	C.—Profits and gains of business or profession
5	Depreciation
5A	Form of report by an accountant for claiming deduction under section 32(1)(iia)
5AA	Prescribed authority for investment allowance
5AB	Report of audit of accounts to be furnished under section 32AB(5)
5AC	Report of audit of accounts to be furnished under section 33AB(2)
5AD	Report of audit of accounts to be furnished under section 33ABA(2)
5B	Development rebate
6	Prescribed authority for expenditure on scientific research
6A	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
6AA	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
6AAA	Prescribed authority for the purposes of sections 35CC and 35CCA
6AAB	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
6AAC	Prescribed authority for the purposes of section 35CCB
6AB	Form of audit report for claiming deductions under sections 35D and 35E
6ABA	Computation of aggregate average advances for the purposes of clause (viia) of sub-section (1) of section 36
6ABB	Form of report for claiming deduction under clause (xi) of sub-section (1) of section 36
6AC	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
6B	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
6C	[OMITTED BY THE IT (AMDT.) RULES, 1973, W.E.F. 1-4-1973]
6D	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
6DD	Cases and circumstances in which payment in a sum exceeding twenty thousand rupees may be made otherwise than by a crossed cheque drawn on a bank or by a crossed bank draft
6E	Limits of reserve for unexpired risks
6EA	Special provision regarding interest on bad and doubtful debts of financial institutions, banks, etc.
6EB	Categories of bad or doubtful debts in the case of a public company under clause (b) of section 43D
	CC.—Books of account
6F	Books of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions
	CCC.— Reports of audit of accounts of persons carrying on business or profession
6G	Report of audit of accounts to be furnished under section 44AB
	CCCA.— Report of audit in case of income by way of royalties etc. in case of non-residents
6GA	Form of report of audit to be furnished under sub-section (2) of section 44DA
	CCCC.—Report in the case of slump sale
6H	Form of report of an accountant under sub-section (3) of section 50B
	D.—Special cases
7	Income which is partially agricultural and partially from business
7A	Income from the manufacture of rubber
7B	Income from the manufacture of coffee
8	Income from the manufacture of tea
8A	Conditions for the grant of development allowance
9	Royalties or copyright fees, etc., for literary or artistic work
9A	Deduction in respect of expenditure on production of feature films
9B	Deduction in respect of expenditure on acquisition of distribution rights of feature films
9C	Conditions for carrying forward or set off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation
10	Determination of income in the case of non-residents
10A	Meaning of expressions used in computation of arm’s length price
10B	Determination of arm’s length price under section 92C
10C	Most appropriate method
10D	Information and documents to be kept and maintained under section 92D
10E	Report from an accountant to be furnished under section 92E
11	[OMITTED BY THE IT (TWENTY-FIRST AMDT.) RULES, 2001, W.E.F. 21-8-2001]
	E.—Deductions to be made in computing total income
11A	Certificate to be obtained from the medical authority for the purposes of deduction under section 80DD and section 80U
11AA	Requirements for approval of an institution or fund under section 80G
11B	Conditions for allowance for deduction under section 80GG
11C	Prescribed fields for the purposes of deduction in respect of remuneration received from foreign employers or Indian concerns under section 80RRA
11D	Omitted by the IT (Twentieth Amdt.) Rules, 2003, w.r.e.f. 1-4-2003
11DD	Specified diseases and ailments for the purposes of deduction under section 80DDB
11E	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
11EA	Guidelines for specifying industrially backward districts for the purpose of deduction under sub-section (5) of section 80-IB
	EE.—Statement under the simplified procedure for taxation of retail traders, etc., under Chapter XII-C
11EE	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
	F. National Committee for Promotion of Social and Economic Welfare
11F	General
11G	Composition of the National Committee
11H	Headquarters and Secretariat
11-I	Functions
11J	Guidelines for approval of associations and institutions
11K	Guidelines for recommending projects or schemes
11L	Application for approval of an association or institution or for recommendation of a project or scheme by the National Committee
11M	Procedure before the National Committee
11N	Other provisions
11-O	Certificate of payment or expenditure in respect of eligible projects or schemes notified under section 35AC
	G. Tonnage tax scheme for shipping companies
11P	Application for exercising or renewing the option for tonnage tax scheme
	PART III ASSESSMENT PROCEDURE
12	Return of income
12A	Preparation of return by authorised representative
12B	Statement under sub-section (3A) of section 115R
12C	Statement under sub-section (2) of section 115U
13	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
14	Form of verification under section 142
14A	Form of audit report under section 142(2A)
14B	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
15	Notice of demand for regular assessment, etc.
	PART IIIA AVOIDANCE OF REPETITIVE APPEALS
16	Declaration under section 158A
	PART IV TAX EXEMPTIONS AND RELIEFS
16A	Prescribed authority for approving any institution or body established for scientific research
16B	Prescribed authority for the purposes of clauses (8A) and (8B) of section 10
16C	Requirements for approval of a fund under section 10(23AAA)
16D	Form of Report for claiming deduction under section 10A
16DD	Form of particulars to be furnished along with return of income for claiming deduction under clause (b) of sub-section (1B) of section 10A
16E	Form of Report for claiming deduction under section 10B
16F	Form of report for claiming deduction under section 10BA
17	Notice for accumulation of income by charitable or religious trust or institution or association referred to in clauses (21) and (23) of section 10
17A	Application for registration of charitable or religious trusts, etc.
17B	Audit report in the case of charitable or religious trusts, etc.
17C	Forms or modes of investment or deposits by a charitable or religious trust or institution
17D	Prescribed foreign projects for the purposes of deduction in respect of profits and gains from projects outside India under section 80HHB
18	[OMITTED BY THE IT (THIRD AMDT.) RULES, 1973, W.E.F 1-4-1974]
18A	[OMITTED BY THE IT (THIRD AMDT.) RULES, 1976, W.E.F 1-4-1976]
18AA	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1996, W.R.E.F. 1-4-1993]
18AAA	Prescribed authority for approval of a University or any educational institution of national eminence for the purpose of section 80G
18AAAA	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
18AAAAA	Guidelines for specifying an association or institution for the purposes of notification under clause (c) of sub-section (2) of section 80G
18AAB	Prescribed authority for approval of companies engaged in Scientific and Industrial Research and Development for the purposes of section 80-IA
18B	Form of audit report for claiming deduction under section 80HH
18BB	Form of audit report for claiming deduction under section 80HHA
18BBA	Form of reports for claiming deduction under section 80HHB or under section 80HHC or under section 80HHD and prescribed authority under section 80HHD
18BBB	Form of audit report for claiming deduction under section 80-I or section 80-IA or section 80-IB
18BBC	Prescribed authority for approval of hotels located in certain areas
18BBD	Prescribed authority for approval of companies carrying on Scientific and Industrial Research and Development
18BBE	Computation of profits of certain activities forming integral part of a highway project for the purpose of section 80-IA
18C	Eligibility of Industrial Parks and Special Economic Zones for benefits under section 80-IA(4)(iii)
18D	Prescribed authority for approval of companies carrying on scientific research and development
18DA	Prescribed conditions for deduction under sub-section (8A) of section 80-IB
18DB	Prescribed 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
18DC	Prescribed 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
19	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
19A	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
19AB	Form of report for claiming deduction under section 80JJAA
19AC	Form of certificate to be furnished under sub-section (3) of section 80QQB
19AD	Prescribed authority for purposes of sub-section (2) of section 80RRB and Form of certificate to be furnished under sub-section (2) of section 80RRB
19AE	Form of report of accountant to be furnished under sub-section (3) of section 80LA
20	Guidelines for approval under clause (xvi) of sub- section (2) of section 88
20A	Guidelines for approval under clause (xvii) of sub- section (2) of section 88
21	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
21A	Relief when salary is paid in arrears or in advance, etc.
21AA	Furnishing of particulars for claiming relief under section 89(1)
21B	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
	PART V REGISTRATION OF FIRMS
22	Application for registration of a firm
23	Intimation regarding subsequent changes in constitution, etc.
24	Declaration for continuation of registration
24A	Communication regarding partner who is a benamidar
25	Certificate of registration
	PART VI DEDUCTION OF TAX AT SOURCE
26	Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency
26A	Furnishing of particulars of income under the head "Salaries"
26B	Statement of particulars of income under heads of income other than ‘Salaries’ for deduction of tax at source
27	Prescribed arrangements for declaration and payment of dividends within India
28	Application for certificates for deduction of tax at lower rates
28A	[OMITTED BY THE IT (THIRD AMDT.) RULES, 1996, W.E.F. 2-7-1996]
28AA	Certificate of no deduction of tax or deduction at lower rates from income other than dividends
28AB	Certificate of no deduction of tax in case of certain entities
29	Certificate of no deduction of tax or deduction at lower rates from dividends
29A	Form of certificate to be furnished along with the return of income under sub-section (4) of sections 80QQB,80R,80RR and 80RRA, and sub-sec.(3) of sec.80RRB and the prescribed authority for the purposes of sub-section (4) of section 80QQB and sub-section (3) of section 80RRB
29AA	Form of certification to be filled with the return of income for claiming deduction under section 80-O
29B	Application for certificate authorising receipt of interest and other sums without deduction of tax
29C	Declaration by person claiming receipt of certain incomes without deduction of tax.
30	Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192
30A	[OMITTED BY THE IT (TWENTY-FOURTH AMDT.) RULES, 2003, W.E.F. 1-10-2003]
31	Certificate of tax deducted at source or tax paid under sub-section (1A) of section 192
32	[OMITTED BY THE IT (THIRD AMDT.) RULES, 1996, W.E.F. 2-7-1996]
33	Statement of deduction of tax from contributions paid by the trustees of an approved superannuation fund
34	[OMITTED BY THE IT (SIXTH AMDT.) RULES, 1988, W.E.F. 12-7-1988]
35	[OMITTED BY THE IT (SIXTH AMDT.) RULES, 1988, W.E.F. 12-7-1988]
36	Prescribed persons for section 206
36A	Income-tax authority for purposes of section 206
37	Prescribed returns regarding tax deducted at source under section 206
37A	Returns regarding tax deducted at source in the case of non-residents
37AA	[OMITTED BY THE IT (FOURTH AMDT.) RULES, 1997, W.E.F. 19-3-1997]
37B	Returns regarding tax deducted at source on computer media under sub-section (2) of section 206
	PART VIA COLLECTION OF TAX AT SOURCE
37C	Declaration by a buyer for no collection of tax at source under section 206C(1A)
37CA	Time and mode of payment to Government account of tax collected at source under section 206C
37D	Certificate for collection of tax at source under section 206C(5)
37E	Prescribed returns regarding tax collected at source under section 206C(5A)
37EA	Returns regarding tax collected at source on computer media under sub-section (5B) of section 206C
37F	Income-tax authority for purposes of section 206C(5A)
37G	Application for certificate for collection of tax at lower rates under sub-section (9) of section 206C
37H	Certificate for collection of tax at lower rates from buyer under sub-section (9) of section 206C
	PART VII PAYEMENT OF ADVANCE TAX
38	Notice of demand
38A	[OMITTED BY THE IT (TENTH AMDT.) RULES, 1989, W.E.F. 13-9-1989]
39	Estimate of advance tax
40	Waiver of interest
	PART VIIA TAX CREDIT
40A	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
	PART VIIB MINIMUM ALTERNATE TAX
40B	Special provision for payment of tax by certain companies
	PART VIII REFUNDS
41	Refund claim
	PART IX TAX CLEARANCE CERTIFECATES
42	Prescribed authority for tax clearance certificates
43	Forms and certificates for the purpose of sub-sections (1) and (1A) of section 230
44	Production of certificate
44A	Application for tax clearance certificate for registration of documents in certain cases
44B	Grant of tax clearance certificate or refusal
	PART IX-A SETTLEMENT OF CASES
44C	Form of application for settlement of case
44CA	Disclosure of information in the application for settlement of cases
44D	Fee for furnishing copy of report
	PART IX-B ADVANCE RULINGS
44E	Form of application for obtaining an advance ruling
44F	Certification of copies of the advance rulings pronounced by the Authority
	PART IX-C MUTUAL AGREEMENT PROCEDURE
44G	Application for giving effect to the terms of any agreement under clause (h) of sub-section (2) of section 295
44H	Action by the Competent Authority of India and procedure for giving effect to the decision under the agreement
	PART X APPEALS
45	Form of appeal to Commissioner (Appeals)
46	Mode of service
46A	Production of additional evidence before the Deputy Commissioner (Appeals) and Commissioner (Appeals)
47	Form of appeal and memorandum of cross-objections to Appellate Tribunal
48	Form of application for reference to High Court
	PART XA ANNUITY DEPOSITS
48A	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
48B	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
48C	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
	PART XB ACQUISITION OF IMMOVABLE PROPERTIES UNDER CHAPTER XXA
48D	Jurisdiction of competent authorities
48DD	Statement to be registered with the competent authority under section 269AB
48E	Manner of publication of notice for acquisition
48F	Form of appeal to the Appellate Tribunal
48G	Statement to be furnished in respect of transfers of immovable property
48H	Form of fortnightly return to be forwarded by registering officer to the competent authority
	PART XC PURCHASE OF IMMOVABLE PROPERTIES UNDER CHAPTER XXC
48-I	Rate of interest for determination of discounted value of consideration
48J	Jurisdiction of appropriate authority
48K	Value of immovable property
48L	Statement to be furnished under section 269UC(3)
	PART XI AUTHORISED REPRESENTATIVES
49	Definitions
50	Accountancy examinations recognised
51	Educational qualifications prescribed
52	Prescribed authority for section 288(5)(b)
53	Register of income-tax practitioners
54	Application for registration
55	Certificate of registration
56	Cancellation of certificate
57	Cancellation of certificate obtained by misrepresentation
58	Removal of name of authorised income-tax practitioner who is insolvent or on whom penalty has been imposed
59	Prescribed authority to order an inquiry
60	Charge-sheet
61	Inquiry Officer
62	Proceedings before Inquiry Officer
63	Order of the prescribed authority
64	Procedure if no Inquiry Officer appointed
65	Change of Inquiry Officer
66	Powers of prescribed authority and Inquiry Officer
	PART XII RECOGNISED PROVIDENT RUNDS
67	Investment of fund moneys
67A	Nomination
68	Circumstances in which withdrawals may be permitted
69	Conditions for withdrawal for various purposes
70	Second withdrawal
71	Repayment of amounts withdrawn
72	Amount withdrawn but not repaid may be deemed as income
73	Withdrawal within twelve months before retirement
74	Accounts
75	Limits for contributions
76	Penalty for assigning or creating a charge on beneficial interest
77	Application for recognition
78	Order of recognition
79	Withdrawal of recognition
80	Exemption from tax when recognition withdrawn
81	Appeal
	PART XIII APPROVED SUPERANNUATION FUNDS
82	Definitions
83	Establishment of fund and trust
84	Conditions regarding trustees
85	Investment of fund moneys
86	Admission of directors to a fund
87	Ordinary annual contributions
88	Initial contributions
89	Scheme of insurance or annuity
90	Commutation of annuity
91	Beneficiary not to have any interest in insurance and employer not to have any interest in fund’s moneys
92	Penalty if employee assigns or charges interest in fund
93	Arrangements on winding up, etc., of business
94	Arrangements for winding up, etc., of fund
95	Application for approval
96	Amendment of rules, etc., of fund
97	Appeal
	PART XIV APPROVED GRATUITY FUNDS
98	Definitions
99	Establishment of fund and trust
100	Conditions regarding trustees
101	Investment of fund moneys
101A	Nomination
102	Admission of directors to a fund
103	Ordinary annual contributions
104	Initial contributions
105	Penalty if employee assigns or charges interest in fund
106	Employer not to have interest in fund moneys
107	Arrangements for winding up, etc., of business
108	Arrangements for winding up of the fund
109	Application for approval
110	Amendment of rules, etc., of fund
111	Appeal
	PART XV MISCELLANEOUS
111A	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]
111AA	Conditions for reference to Valuation Officers
111AB	Form of report of valuation by registered valuer
111B	Publication and circulation of Board’s order
112	Search and seizure
112A	Inquiry under section 132
112B	Release of articles under section 132(5)
112C	Release of remaining assets
112D	Requisition of books of account, etc.
112E	Form of information under section 133B(1)
113	Disclosure of information respecting assessees
114	Application for allotment of a permanent account number
114A	Application for allotment of a tax deduction account number
114AA	Application for allotment of a tax collection account number
114B	All documents pertaining to the transactions in relation to which Permanent Account Number or General Index Register Number to be quoted for the purpose of clause (c) of sub-section (5) of section 139A
114C	Class or classes of persons to whom provisions of section 139A shall not apply
114D	Time and manner in which persons referred to in sub-rule (2) of rule 114C shall intimate the details of transaction to the Director of Income-tax (Investigation)
115	Rate of exchange for conversion into rupees of income expressed in foreign currency
115A	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 the proviso to clause (a) of sub-section (1) of section 48 of the Act
116	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
117	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
117A	Reduction or waiver of interest payable under section 139
117B	Form of statement under section 222 or section 223
118	[OMITTED BY THE IT (ELEVENTH AMDT.) RULES, 1989, W.E.F. 30-11-1989]
119	[OMITTED BY THE IT (ELEVENTH AMDT.) RULES, 1989, W.E.F. 30-11-1989]
119A	Procedure to be followed in calculating interest
120	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
121	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
121A	Form of statement to be furnished by producer of cinematograph films
122	[OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]
123	Application for obtaining certified copies of certain notices
124	Fees for obtaining certified copy of notice
125	[OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F 19-11-1999]
APP I	APPENDIX I
APP IA	APPENDIX IA
	OLD APPENDIX I
	APPENDIX III
	APPENDIX

11A

11D