Income Tax Rules (2022 Edition) | It does not get any more authentic than this!

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This book covers the Amended, Updated & Annotated text of the Income-tax Rules and 20+ Allied Rules.

The recent changes in the Income-tax Rules, 1962 are as follows:

• [Omitted] Omission of outdated 24 Rules and 70+ Forms
• [Insertion of New Rules & Changes in Existing Rules] Insertion of 24 new Rules and changes in 20 existing Rules
• [Insertion of New Forms & Changes in Existing Forms] Insertion of 20 new Forms and change in 16 existing Forms
• [New Rules]
◦ New Rule for computation of capital gains on the sum received from ULIPs that are not exempt under section 10(10D)
◦ New Rules and Forms for registration and approval of charitable trusts, institutions, and funds
◦ New Rule specifying the threshold limit for significant economic presence
◦ New Rule for computing taxable interest on provident fund contributions exceeding threshold limits
◦ New Form 12BBA to be submitted by senior citizens to claim the benefit of section 194P

The Present Publication is the 59th Edition & updated till the Income Tax (Fifth Amendment) Rules 2022, authored by Taxmann's Editorial Board, with the following noteworthy features:

• [Coverage] of this book includes:
◦ All Rules and Schemes, which are either notified under the Income-tax Act or referred to in different provisions of the Income-tax Act, are covered
◦ Return Forms for A.Y. 2022-23
◦ Contains 23 divisions covering all Rules relevant under the Income-tax Act, i.e.,
▪ Income-tax Rules
▪ ICDS
▪ Faceless Assessment, Appeal & Penalty Scheme with Directions
▪ STT, CTT & EL, etc.
• [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] Taxmann's series of Bestseller Books for more than Five Decades
• [Zero Error] Follows the Six Sigma Approach to achieve the benchmark of 'Zero Error'

The contents of the book are as follows:

• Income-tax Rules, 1962 amended up to date with a list of e-Forms & text of provisions of Allied Law
• 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
• Authority for Advance Rulings (Procedure) Rules, 1996
• Centralized Verification Scheme, 2019
• Centralized Processing of Returns Scheme, 2011 with the text of Application of provisions of Act relating to the processing of Returns
• e-Settlement Scheme, 2021
• e-Verification Scheme, 2021
• e-Advance Rulings Scheme, 2022
• Reverse Mortgage Scheme, 2008
• Reduction of Wavier of Interest under Section 234A/234B/234C with CBDT's Instructions for waiver or reduction of interest
• Return Forms
◦ ITR-1 | SAHAJ – Individual Income Tax Return
◦ ITR-2 | Return of Income - For Individuals and HUFs not having income from profits and gains of business or profession
◦ ITR-2A | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017]
◦ ITR-3 | Return of Income - For Individuals and HUFs having income from profits and gains of business or profession
◦ 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 than Rs. 5000]
◦ ITR-4 | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017]
◦ ITR-5 | Return of Income - For persons other than — (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
◦ ITR-6 | Return of Income - For Companies other than companies claiming exemption under section 11
◦ ITR-7 | Return of Income - For persons including companies required to furnish returns under section 139(4A) or 139(4B) or 139(4C) or 139(4D) only
◦ ITR-8 | [Omitted by the IT (Twenty-First Amdt.) Rules, 2021, w.e.f. 29-7-2021]
◦ ITR-V | Verification Form | Acknowledgment
• Income-tax (Certificate Proceedings) Rules, 1962
• Income-tax Settlement Commission (Procedure) Rules, 1997
• Kisan Vikas Patra Scheme, 2019
• Public Provident Fund Scheme, 2019


• Look inside the book here: https://taxmann.social/qQBQ
• Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/3Pqm