Bharat’s Income Tax Rules with Income Computation & Disclosure Standards Edition 2023

DIVISION ON

INCOME TAX & ALLIED RULES
1. The Income-tax Rules, 1962 1.3
Text of Rules and Forms1.3
Chronological list of amendments1.31
Subject Index1.1039
ANNEXURE 1: Income Computation and Disclosure Standards
A.Income Computation and Disclosure Standard I relating to accounting policies1.1065
B.Income Computation and Disclosure Standard II relating to valuation of inventories1.1067
C.Income Computation and Disclosure Standard III relating to construction contracts1.1070
D.Income Computation and Disclosure Standard IV relating to revenue recognition1.1074
E.Income Computation and Disclosure Standard V relating to tangible fixed assets1.1076
F.Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates1.1078
G.Income Computation and Disclosure Standard VII relating to government grants1.1081
H.Income Computation and Disclosure Standard VIII relating to securities1.1083
I.Income Computation and Disclosure Standard IX relating to borrowing costs1.1085
J.Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets1.1087
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, 19611.1090
2. The Income-tax (Certificate Proceedings) Rules, 1962 2.1
Text of Rules and Forms2.1
Chronological list of amendments2.4
Subject Index 2.58
3. The Income-tax (Appellate Tribunal) Rules, 1963 3.1
Text of Rules and Forms3.1
Chronological list of amendments3.2
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 — Regarding3.24
Instructions regarding e-payment of ITAT fees3.26
Subject Index3.27
4. Income-tax (Dispute Resolution Panel) Rules, 2009 4.1
Text of the Rules4.1
5. The Income-tax Settlement Commission (Procedure) Rules, 1997 5.1
Text of the Rules5.1
6. The Authority for Advance Rulings (Procedure) Rules, 1996 6.1
Text of the Rules6.1
7. Senior Citizens Savings Scheme Rules, 2004 7.1
Text of the Rules7.1
8. Senior Citizens’ Welfare Fund Rules, 2016 8.1
Text of the Rules8.1
9. Securities Transaction Tax Rules, 2004 9.1
Text of the Rules9.1
10. Banking Cash Transaction Tax Rules, 2005 10.1
Text of the Rules10.1
11. Commodities Transaction Tax Rules, 2013 11.1
Text of the Rules11.1
12. Sukanya Samriddhi Account Rules, 2016 12.1
Text of the Rules12.1
13. Equalisation Levy Rules, 2016 13.1
Text of the Rules13.1
14. Prohibition of Benami Property Transaction Rules, 2016 14.1
Text of the Rules14.1

DIVISION TWO

RELEVANT SCHEMES
15. Electoral Bond Scheme, 2018 15.1
Text of the Rules15.1
16. Electoral Trusts Scheme, 2013 16.1
Text of the Scheme16.1
17. Site Restoration Fund Scheme, 1999 17.1
[For purposes of section 33ABA] Text and Forms of the Scheme17.1
18. Reverse Mortgage Scheme, 2008 18.1
[For purposes of section 47(xvi)] Text and Forms of the Scheme18.1
19. Capital Gains Accounts Scheme, 1988  19.1
[For purposes of sections 54(2), 54B(2), 54D(2), 54F(4) and 54G(2)] Text and Forms of the Scheme19.1
Notification: Banks authorised to receive deposits under the scheme19.23
20. Equity Linked Savings Scheme, 2005 20.1
[For purposes of section 80C(2)(xiii)] Text and Forms of the Scheme20.1
21. Bank Term Deposit Scheme, 2006 21.1
[For purposes of section 80C(2)(xxi)] Text and Forms of the Scheme21.1
22. Guidelines for Providing Training by Shipping Companies for Tonnage Tax Scheme under Chapter XIIG of Income-Tax Act 22.1
[For purposes of section 115VU] Text of the Scheme22.1
23. Centralised Verification Scheme, 2019 23.1
Text of the Scheme23.1
24. Centralised Processing of Returns Scheme, 2011 24.1
[For purposes of section 143(1A)] Text of the Scheme24.1
25. E-Assessment Schemes, 2019 25.1
(1)E-Assessment Scheme, 201925.3
(2)E-Assessment Scheme, 201925.14
Circular No. 27 of 2019, dated September 26, 2019: Conduct of assessment proceedings through “E-Proceeding” facility during financial year 2019-20 — regd.25.21
26. Centralised Processing of Statements of Tax Deducted at Source Scheme, 2013 26.1
[For purposes of section 200A(2)] Text of the Scheme26.1
27. Tax Return Preparer Scheme, 2006 27.1
Text of the Scheme27.1
28. 7.75% Savings (Taxable) Bonds, 2018 28.1
Text of the Scheme28.1