Taxmanns Income Tax Rules Covering amended, updated & annotated text of the Incometax Rules and 35+ Allied Rules, Schemes,

This book covers the Amended, Updated & Annotated text of the Income-tax Rules and 35+ Allied Rules, Schemes, etc.The recent changes in the Income-tax Rules, 1962 are as follows: [Insertion/Changes in Rules] are as follows:o Insertion of 15+ New Ruleso Changes in 25+ Existing Rules [Insertion/Changes in Forms] are as follows:o Insertion of 10+ New Formso Changes in 20+ Existing Forms [New Rules & Forms] are as follows:o New Rule providing return filing mandatory where turnover, TDS/TCS or deposit in a savings bank account exceeds a certain limito New Rule for maintenance of books & other documents by trust or institutiono New Rule providing tax relief on income arising from foreign retirement fundso New Rule for computation of minimum investment & exempt income of a specified person under section 10(23FE)o New Rule prescribing other conditions to be fulfilled by a specified fund referred to in Section 10(4D)o New Form ITR-U for filing of updated returno New Form for making application for recomputation of incomeo New Form ITR-A for filing of modified return by the successor entityo New Challan-cum-statement in Form 26QE for depositing tax deducted on VDA by a specified persono Rules amended to allow Infrastructure Debt Fund to issue Zero Coupon Bondso Companies issuing zero coupon bonds to submit a certificate from Chartered Accountant in Form No. 5BAThe Present Publication is the 60th Edition, and all available amendments notified up to Income Tax (Third Amendment) Rules, 2023, have been incorporated. This book is edited by Taxmanns Editorial Board, with the following noteworthy features: [Coverage] of this book includes:o All Rules, Schemes, etc., which are either notified under the Income-tax Act or referred to in different provisions of the Income-tax Act, are covered, i.e., Income-tax Rules ICDS Faceless Assessment, Appeal & Penalty Scheme with Directions STT, CTT & EL, etc.o Income-tax Return Forms for Assessment Year 2023-24 [Action Points for Forms] All Forms carry Action Points that explain the Relevant Provisions and Process of Filing [Quick Identification for Redundant & e-Forms] [Bestseller Series] Taxmanns series of Bestseller Books for more than Five Decades [Zero Error] Follows the Six Sigma Approach to achieve the benchmark of Zero ErrorThe detailed contents of the book are as follows: Income-tax Rules, 1962 amended up to date with the list & text of provisions of Allied Law referred to in Income-tax Rules Income Computation and Disclosure Standards Income-tax (Appellate Tribunal) Rules, 1963, along with the text of the Standing Order under Income-tax (Appellate Tribunal) Rules 1963, other Notifications & Instructions, and text of the Income-tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules 1963 Faceless Assessment Scheme, 2019 with Directions Faceless Appeal Scheme, 2021 Faceless Penalty Scheme, 2021 with Directions Commodities Transaction Tax Rules, 2013 Securities Transaction Tax Rules, 2004, as amended up to date Equalisation Levy Rules, 2016 Prohibition of Benami Property Transaction Rules, 2016 Income-tax (Dispute Resolution Panel) Rules, 2009 Authority for Advance Rulings (Procedure) Rules, 1996 Centralized Verification Scheme, 2019 Centralised Processing of Returns Scheme, 2011, with the text of the Application of provisions of the Act relating to the processing of Returns e-Settlement Scheme, 2021 e-Verification Scheme, 2021 with FAQs on e-Verification Scheme, 2021 e-Advance Rulings Scheme, 2022 Capital Gains Accounts Scheme, 1988 Reverse Mortgage Scheme, 2008 Reduction of Wavier of Interest under Section 234A/234B/234C with CBDTs Instructions for waiver or reduction of interest Delay in Filing Refund Claim with condonation of delay in filing refund claim and claim of carry forward of losses under section 119(2)(b) of the Income-tax Act Relaxation of Validation (Section 119 of the Finance Act 2012) Rules, 2021 Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 e-Assessment of Income Escaping Assessment Scheme, 2022 Faceless Inquiry or Valuation Scheme, 2022 e-Disputes Resolution Scheme, 2022 Centralised Processing of Equalisation Levy Statement Scheme, 2023 Return Formso ITR-1 | SAHAJ - Individual Income Tax Returno ITR-2 | Return of Income - For Individuals and HUFs not having income from profits and gains of business or professiono ITR-2A | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017]o ITR-3 | Return of Income - For Individuals and HUFs having income from profits and gains of business or professiono ITR-4 | SUGAM - Form Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs. 50 lakh and having income from business and profession, which is computed under section 44AD, 44ADA or 44AE [Not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP or has agricultural income more t