Description
Taxmann Publications Income Tax Rules 2022 by Taxmann
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[Omitted] Omission of outdated 24 Rules and 70+ Forms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 change 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 Rules to claim relief on offshore indirect transfer of Indian assets by entities impacted by the retrospective amendment
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 (Second 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
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
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
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
Capital Gains Accounts Scheme, 1988
Reverse Mortgage Scheme, 2008
Reduction of Wavier of Interest under Section 234A/234B/234C with CBDT's 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