Income Tax Rules

49th Edition 2012

Also Incorporating :-

New Return Forms with Instructions Comprehensive Action Points for Filing Forms 38 other Direct Tax Rules / Schemes

CONTENTS

DIVISION ONE 1

Income-tax Rules, 1962
Arrangement of Rules I-1
Text of the Income-tax Rules, 1962 as amended upto date 1.1
Appendix
Text of provisions of Allied Laws referred to in Income-tax Rules 1.1093
Notifications issued under Persons with Disabilities (Equal
Opportunities, Protection of Rights and Full Participation)
Act, 1995 1.1102
Guidelines for approval of Hospitals under rule 3A(1A) 1.1118
Subject Index 1.1131
Charts and Tables 1.1153

DIVISION TWO 2

Certificate Proceedings Rules, 1962
Arrangement of Rules 2.1
Text of the Income-tax (Certificate Proceedings) Rules, 1962
as amended up to date 2.5
Subject Index 2.57

DIVISION THREE 3

Income-tax (Appellate Tribunal) Rules, 1963
Arrangement of Rules 3.1
Text of the Income-tax (Appellate Tribunal) Rules, 1963
as amended up to date 3.3
Text of the Standing Order under Income-tax (Appellate
Tribunal) Rules, 1963 3.22

CONTENTS vi
PAGE
u Other Notifications and Instructions 3.27
u Subject Index 3.39
DIVISION FOUR 4
Settlement Commission (Procedure) Rules, 1997
u Arrangement of Rules 4.1
u Text of the Income-tax Settlement Commission (Procedure)
Rules, 1997 as amended upto date 4.3
u Subject Index 4.11
DIVISION FIVE 5
Centralised Processing of Returns Scheme, 2011
u Arrangement of Paragraphs 5.1
u Text of the Centralised Processing of Returns Scheme, 2011 5.3
u Text of the Centralised Processing of Returns Scheme, 2011 -
Application of certain provisions of Act 5.8

DIVISION SIX 6

Issue of Foreign Currency Convertible Bonds and Ordinary
Shares (Through Depositary Receipt Mechanism)
Scheme, 1993
u Arrangement of Paragraphs 6.1
u Text of the Issue of Foreign Currency Convertible Bonds and
Ordinary Shares (Through Depositary Receipt Mechanism)
Scheme, 1993 as amended up to date 6.3

DIVISION SEVEN 7

Authority for Advance Rulings (Procedure) Rules, 1996
u Arrangement of Rules 7.1
u Text of the Authority for Advance Rulings (Procedure) Rules, 1996 7.3

DIVISION EIGHT 8
National Savings Scheme Rules, 1987 and National Savings
Scheme Rules, 1992
u Arrangement of Rules 8.1, 8.2
u Text of the National Savings Scheme Rules, 1987
as amended up to date 8.3
u Text of the National Savings Scheme Rules, 1992
as amended up to date 8.6
DIVISION NINE 9
National Savings Certificates (VIII Issue) Rules, 1989
u Arrangement of Rules 9.1
u Text of the National Savings Certificates (VIII Issue) Rules, 1989
as amended up to date 9.3
DIVISION TEN 10
Capital Gains Accounts Scheme, 1988
u Arrangement of Paragraphs 10.1
u Text of the Capital Gains Accounts Scheme, 1988
as amended up to date 10.3
DIVISION ELEVEN 11
Accounting Standards
u Accounting Standards notified under section 145(2) 11.3
DIVISION TWELVE 12
Securities Lending Scheme, 1997
u Arrangement of Paragraphs 12.1
u Text of the Securities Lending Scheme, 1997 12.3
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DIVISION THIRTEEN 13
Site Restoration Fund Scheme, 1999
u Arrangement of Paragraphs 13.1
u Text of the Site Restoration Fund Scheme, 1999 13.3
DIVISION FOURTEEN 14
Income-tax Welfare Fund Rules, 2007
u Arrangement of Rules 14.1
u Text of the Income-tax Welfare Fund Rules, 2007 14.3
DIVISION FIFTEEN 15
Industrial Park Scheme, 2002
u Arrangement of Paragraphs 15.1
u Text of the Industrial Park Scheme, 2002 15.3
DIVISION SIXTEEN 16
Employees’ Stock Option Plan or Scheme
u Text of the Employees’ Stock Option Plan or Scheme 16.3
DIVISION SEVENTEEN 17
Reduction or Waiver of Interest under section 234A/
234B/234C
u Waiver or reduction of interest 17.3
DIVISION EIGHTEEN 18

18
Delay in Filing Refund Claim
u Instructions to subordinate authorities - Authorisation regarding
condonation of delay in filing refund claim 18.3
PAGE
CONTENTS viii
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ix CONTENTS
DIVISION NINETEEN 19
Scheme to Develop, Operate and Maintain Special Economic
Zones under section 80-IA of the Income-tax Act
read with rule 18C(2) of Income-tax Rules
u Arrangement of Paragraphs 19.1
u Text of the Scheme to Develop, Operate and Maintain Special
Economic Zones under section 80-IA of Income-tax Act read
with rule 18C(2) of Income-tax Rules 19.3
DIVISION TWENTY 20
Scheme for Bulk Filing of Returns by Salaried Employees,
2002
u Arrangement of Paragraphs 20.1
u Text of the Scheme for Bulk Filing of Returns by
Salaried Employees, 2002 20.3
DIVISION TWENTY-ONE 21
Furnishing of Return of Income on Internet Scheme, 2004
u Arrangement of Paragraphs 21.1
u Text of the Furnishing of Return of Income on Internet Scheme, 2004 21.3
DIVISION TWENTY-TWO 22
Electronic Filing of Returns of Tax Deducted at Source
Scheme, 2003
u Arrangement of Paragraphs 22.1
u Text of the Electronic Filing of Returns of Tax Deducted at
Source Scheme, 2003 22.3

DIVISION TWENTY-THREE 23
Scheme for Filing of Returns by Salaried Employees through
Employer, 2004
u Arrangement of Paragraphs 23.1
u Text of the Scheme for Filing of Returns by Salaried Employees
Through Employer, 2004 23.3
DIVISION TWENTY-FOUR 24
Securities Transaction Tax Rules, 2004
u Arrangement of Rules 24.1
u Text of the Securities Transaction Tax Rules, 2004 24.3
DIVISION TWENTY-FIVE 25
Guidelines for Providing Training by Shipping Companies
for Tonnage Tax Scheme under Chapter XII-G of Incometax
Act
u Text of the Guidelines for Providing Training by Shipping Companies
for Tonnage Tax Scheme under Chapter XII-G of Income-tax Act 25.3
DIVISION TWENTY-SIX 26
Electronic Filing of Returns of Tax Collected at Source
Scheme, 2005
u Arrangement of Paragraphs 26.1
u Text of the Electronic Filing of Returns of Tax Collected at Source
Scheme, 2005 26.3
DIVISION TWENTY-SEVEN 27
Scheme for Furnishing of Paper Returns of Tax Deducted
at Source, 2005
u Arrangement of Paragraphs 27.1

ns of Tax
Deducted at Source, 2005 27.3
DIVISION TWENTY-EIGHT 28
Scheme for Furnishing of Paper Returns of Tax Collected
at Source, 2005
u Arrangement of Paragraphs 28.1
u Text of the Scheme for Furnishing of Paper Returns of Tax
Collected at Source, 2005 28.3
DIVISION TWENTY-NINE 29
Equity Linked Savings Scheme, 2005
u Arrangement of Paragraphs 29.1
u Text of the Equity Linked Savings Scheme, 2005 29.3
DIVISION THIRTY 30
Tax Return Preparer Scheme, 2006
u Arrangement of Paragraphs 30.1
u Text of the Tax Return Preparer Scheme, 2006 as amended
upto date 30.3
DIVISION THIRTY-ONE 31
Bank Term Deposit Scheme, 2006
u Arrangement of Paragraphs 31.1
u Text of the Bank Term Deposit Scheme, 2006 31.3
DIVISION THIRTY-TWO 32
Income Tax Ombudsman Guidelines, 2010
u Arrangement of Paragraphs 32.1
u Text of the Income Tax Ombudsman Guidelines, 2010 32.3

33
Electronic Furnishing of Return of Income Scheme, 2007
u Arrangement of Paragraphs 33.1
u Text of the Electronic Furnishing of Return of Income Scheme, 2007 33.3
DIVISION THIRTY-FOUR 34
Industrial Park Scheme, 2008
u Arrangement of Paragraphs 34.1
u Text of the Industrial Park Scheme, 2008 as amended by the
Industrial Park (Amendment) Scheme, 2010 34.3
DIVISION THIRTY-FIVE 35
Senior Citizens Savings Scheme Rules, 2004
u Arrangement of Rules 35.1
u Text of the Senior Citizens Savings Scheme Rules, 2004 as
amended upto date 35.3
DIVISION THIRTY-SIX 36
Issue of Foreign Currency Exchangeable Bonds Scheme,
2008
u Arrangement of Paragraphs 36.1
u Text of the Issue of Foreign Currency Exchangeable Bonds
Scheme, 2008 36.3
DIVISION THIRTY-SEVEN 37
Reverse Mortgage Scheme, 2008
u Arrangement of Paragraphs 37.1
u Text of the Reverse Mortgage Scheme, 2008 37.3
PAGE
CONTENTS

DIVISION THIRTY-EIGHT 38
Income-tax (Dispute Resolution Panel) Rules, 2009
u Arrangement of Rules 38.1
u Text of the Income-tax (Dispute Resolution Panel) Rules, 2009 38.3
DIVISION THIRTY-NINE 39
National Savings Certificates (IX Issue) Rules, 2011
u Arrangement of Rules 39.1
u Text of the National Savings Certificates (IX Issue) Rules, 2011 39.3
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