RULE 300 INCOME-TAX RULES 2026 Appeal under paragraph 13(1) of Part A of Schedule XI to the Act. 300. An appeal under paragraph 13(1) of Part A of Schedule XI to the Act shall be made in Form No. 187 and shall be verified in the manner indicated therein and shall be accompanied by a fee… Read More »
RULE 299 INCOME-TAX RULES 2026 Exemption from tax when recognition withdrawn. 299. If the approving authority withdraws recognition from a provident fund, the balance to the credit of each employee at the end of the financial year before the withdrawal of recognition shall, subject to the provisions of paragraph 9 of Part A of Schedule XI… Read More »
RULE 298 INCOME-TAX RULES 2026 Withdrawal of recognition. 298. (1) The approving authority has the right to revoke recognition given to a provident fund if it fails to meet the conditions outlined in Part A of the Fourth Schedule to the Income-tax Act, 1961, as it existed prior to its repeal, or Part A and Part… Read More »
RULE 297 INCOME-TAX RULES 2026 Order of recognition. 297. (1) An order according recognition to a provident fund shall take effect from the first day of the month immediately following the month in which the application for recognition is received by the income-tax authority concerned, unless, at the request of the employer, the first day of… Read More »
RULE 296 INCOME-TAX RULES 2026 Application for recognition. 296. (1) An application for recognition shall be made by the employer maintaining a provident fund, for which recognition is sought and shall be accompanied by the following documents: — (a) a copy of the original trust deed if any; and (b) a copy of the rules of… Read More »
RULE 295 INCOME-TAX RULES 2026 Assigning or creating a charge on beneficial interest in a recognized provident fund. 295. If an employee assigns or creates a charge on their beneficial interest in a recognised provident fund, the Assessing Officer shall give notice to the employee upon learning of the assignment or charge, which shall inform the… Read More »
RULE 294 INCOME-TAX RULES 2026 RULE 294 INCOME-TAX RULES 2026 Accounts. 294. (1) The accounts of a provident fund shall be prepared at intervals of not more than twelve months. (2) An account shall be maintained for each subscriber to the fund and it shall include the particulars shown in Part A of Form No. 185.… Read More »
RULE 293 INCOME-TAX RULES 2026 RULE 293 INCOME-TAX RULES 2026 Nomination. 293. (1) An employee may be permitted by the trustees of the provident fund to nominate one or more persons to receive the amount held in the provident fund in the event of the death of such employee and such nomination shall be made in… Read More »
RULE 292 INCOME-TAX RULES 2026 RULE 292 INCOME-TAX RULES 2026 Investment of fund moneys. 292. (1) All contributions to a provident fund, whether made by the employer or the employees, or transferred from an individual account of the employee in a recognized provident fund maintained by a former employer, or accrued as interest or otherwise, shall… Read More »
RULE 291 INCOME-TAX RULES 2026 Report of audit of accounts to be furnished under Schedule X read with section 49 for deduction for site restoration fund. 291. The report of audit of the accounts of an assessee, which is required to be furnished under paragraph 2 of Schedule X to the Act read with section 49,… Read More »