INCOME TAX RULES, 2022 by Bharat’s

DIVISION ONE

INCOME TAX & ALLIED RULES

1.The Income-tax Rules, 1962

Chronological list of amendments

2.The Income-tax Rules, 1962

Text of Rules and Forms

Subject Index

ANNEXURE 1: Income Computation and Disclosure Standards

A.Income Computation and Disclosure Standard I relating to accounting policies

B.Income Computation and Disclosure Standard II relating to valuation of inventories

C.Income Computation and Disclosure Standard III relating to construction contracts

D.Income Computation and Disclosure Standard IV relating to revenue recognition

E.Income Computation and Disclosure Standard V relating to tangible fixed assets

F.Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates

G.Income Computation and Disclosure Standard VII relating to government grants

H.Income Computation and Disclosure Standard VIII relating to securities

I.Income Computation and Disclosure Standard IX relating to borrowing costs

J.Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets

Circular No. 10/2017, dated 23-3-2017: Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961

3.The Income-tax (Certificate Proceedings) Rules, 1962

Text of Rules and Forms

Chronological list of amendments

Subject Index

4.The Income-tax (Appellate Tribunal) Rules, 1963

Text of Rules and Forms

Chronological list of amendments

CBDT Instruction: Revision of monetary limits for filing of appeals by the department before Income-tax Appellate Tribunal, High Courts and Supreme Court — Measures for reducing litigation — Regarding

Instructions regarding e-payment of ITAT fees

Subject Index

5.Income-tax (Dispute Resolution Panel) Rules, 2009

Text of the Rules

6.The Income-tax Settlement Commission (Procedure) Rules, 1997

Text of the Rules

7.The Authority for Advance Rulings (Procedure) Rules, 1996

Text of the Rules

8.Securities Transaction Tax Rules, 2004

Text of the Rules

9.Commodities Transaction Tax Rules, 2013

Text of the Rules

10.Equalisation Levy Rules, 2016

Text of the Rules

11.Prohibition of Benami Property Transaction Rules, 2016

Text of the Rules

12.Direct Tax Vivad se Vishwas Rules, 2020

Text of the Rules

DIVISION TWO

RELEVANT SCHEMES

13.Reverse Mortgage Scheme, 2008

[For purposes of section 47(xvi)]

Text and Forms of the Scheme

14.Capital Gains Accounts Scheme, 1988

[For purposes of sections 54(2), 54B(2), 54D(2), 54F(4) and 54G(2)]

Text and Forms of the Scheme

Notification: Banks authorised to receive deposits under the scheme

15.Bank Term Deposit Scheme, 2006

[For purposes of section 80C(2)(xxi)]

Text and Forms of the Scheme

16.National Pension Scheme Tier II – Tax Saver Scheme, 2020

Text of the Scheme

17.Centralised Verification Scheme, 2019

Text of the Scheme

18.Centralised Processing of Returns Scheme, 2011

[For purposes of section 143(1A)]

Text of the Scheme

19.Faceless Assessment Scheme, 2019

(1) Faceless Assessment Scheme, 2019 u/s 143(3A)

(2) Directions under section 143(3B) for Faceless Assessment Scheme, 2019

(3) Conduct of assessment proceedings through “E-Proceeding” facility during financial year 2019-20 — regarding: Circular No. 27 of 2019, dated September 26, 2019

(4) Income-tax Authority of Regional e-Assessment Centres

(5) Income-tax Authorities of NaFC to exercise powers and functions of Assessing Officer

(6) Income-tax Authorities of Regional Faceless Assessment Centres to Exercise powers and functions of Assessing Officers

(7) Authorising (ReFAC)(VU) to exercise certain powers

20.Tax Return Preparer Scheme, 2006

Text of the Scheme

21.Faceless Appeal Scheme, 2021

(1)Faceless Appeal Scheme, 2021 under section 250(6B) and (6C)

(2)Authorised Income-tax Authorities to conduct e-appeal proceedings

22.Faceless Penalty Scheme, 2021

(1) Faceless Penalty Scheme, 2021

(2) Directions under section 274(2B) for Faceless Penalty Scheme, 2021

23.E-advance Rulings Scheme, 2022