Taxmanns Master Guide to Income Tax Rules Indepth Rulewise commentary on Incometax Rules 1962 supplemented with statutory

This book provides an in-depth Rule-wise commentary on the Income-tax Rules 1962. The Present Publication is the 30th Edition and incorporates all amendments till the Income-tax (Third Amendment) Rules, 2023. This book is authored by Taxmanns Editorial Board with the following noteworthy features: [Detailed Analysis] on every Rule of Income-tax Rules 1962 [Statutory Background of the Section] that helps you understand the enabling provisions, compliances required and the legislatures intent behind the law [Case Laws] are included within the text to aid the interpretation of the law further [Simplified Language] to explain each provision of the Income-tax Rules [Illustrations] to quickly understand the complexities of the Rule [Gist of All Circulars and Notifications] issued by the Department in each Rule, which are in force [Income-tax Compliances] to be done in each RuleThe detailed coverage of the book is as follows: Rule 2A - House Rent Allowance (HRA) Rule 2B - Leave Travel Concession/Assistance (LTC/LTA) Rule 2BA - Voluntary Retirement Compensation Rule 2BB - Special Allowances Rule 2BBA - Family pension to heirs of members of Armed Forces (including Para-Military Forces) Member Rule 2BBB - Percentage of the Government grant for considering University, Hospital, etc., as substantially financed under section 10(23C)(iiiab)/(iiiac) Rule 2C - Application for grant of approval of a fund/trust/institution/university/other educational institution/hospital/other medical institution under the first proviso to section 10(23C) Rule 2DB & 2DC - Pension Fund Rule 2DCA - Computation of minimum investment/lending and exempt income for the purposes of section 10(23FE) Rule 2DD - Computation of exempt income of the specified fund for the purpose of section 10(23FF) Rule 2F - Guidelines for setting up Infrastructure Debt Fund Rule 3 - Valuation of Perquisites Rule 3A - Exemption to medical benefits from perquisite value in respect of medical treatment of prescribed diseases/ailments in hospitals approved by PCCIT/CCIT Rule 3B - Computation of Annual Accretion Rule 4 - Unrealised Rent Rule 5 - Depreciation Rule 5AC - Furnishing of Audit Report under section 33AB(2) Rule 5AD - Furnishing of Audit Report under section 33ABA(2) Rule 5C, 5D & 5E - Guidelines, conditions, etc., for approval to be granted to a Research Association/University/College/Other Institution Rule 5CA - Intimation for continuance of approval under section 35(1)(ii)/(iia)/(iii) Rule 5F - Guidelines, conditions, etc., for approval to be granted to a company registered in India Rule 5G - Taxation on Income from Patent Rule 6 - Prescribed authorities for certain provisions of section 35 & conditions for approval under section 35(2AA) & (2AB) Rule 6A - Expenditure for obtaining the right to use spectrum for telecommunication services Rule 6AAD & 6AAE - Guidelines for approval of agricultural extension project & conditions for notification under section 35CCC Rule 6AAF, 6AAG & AAH - Guidelines for approval of skill development project & conditions for notification under section 35CCD Rule 6AB - Form of Audit Report for claiming deductions under sections 35D & 35E Rule 6ABA - Computation of aggregate average advances for purposes of section 36(1)(viia) Rule 6ABAA - Infrastructure facility for the purposes of section 36(1)(viii) Rule 6ABBA - Other permissible electronic modes for payment/receipt Rule 6DD - Disallowance of cash payments Rule 6DDA & 6DDB - Recognised stock exchange in respect of trading in derivatives Rule 6E - Amount carried over to a reserve for unexpired risks in case of the insurance business (other than life insurance) Rule 6EA & 6EB - Taxation of interest income of certain institutions, banks, company, etc., in relation to specified categories of bad or doubtful debts Rule 6F - Books of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions Rule 6G - Report of audit of accounts to be furnished under section 44AB Rule 6GA - Form of report of audit of accounts to be furnished under section 44DA(2) Rule 6H - Form of report of an accountant under section 50B(3) Rule 7 - Income which is partially agricultural and partially from business Rule 7A - Income from the manufacture of rubber Rule 7B - Income from the manufacture of coffee Rule 8 - Income from the manufacture of tea Rule 8AA - Method of determination of the period of holding of capital asset in certain cases Rule 8AB - Attribution of income taxable under section 45(4) to the capital assets remaining with the specified entity, under section 48 Rule 8AC - Computation of short-term capital gains and written down value under section 50 where depreciation on goodwill has been obtained Rule 8AD - Computation of capital gains for purposes of section 45(1B) Rule 8B - Guidelines for notification of zero coupon bonds Rule 8C - Computation of pro rata amount of discount on a zero coupon bond for purposes of section 36(1)(iiia) Rul