Daily Archives: April 4, 2026

RULE 290 INCOME-TAX RULES 2026 Report of audit of accounts to be furnished under Schedule IX read with section 48 for deduction for tea development account, coffee development account and rubber development account. 290. The report of audit of the accounts of an assessee, which is required to be furnished under paragraph 2 of Schedule IX… Read More »

RULE 289 INCOME-TAX RULES 2026   RULE 289 INCOME-TAX RULES 2026 Rules for functioning of an electoral trust. 289. (1) An electoral trust referred to in Schedule VIII [Table: Sl. No. 2] to the Act shall function in accordance with the provisions of this rule. (2) The electoral trust may receive voluntary contributions from— (a) an… Read More »

RULE 288 INCOME-TAX RULES 2026   RULE 288 INCOME-TAX RULES 2026 Procedure for setting up an Infrastructure Debt Fund for purpose of exemption under Schedule VII [Table: Sl. No. 46] to Act. 288. (1) Every Infrastructure Debt Fund under this rule shall be set up as a Non-Banking Financial Company conforming to and satisfying the conditions… Read More »

RULE 287 INCOME-TAX RULES 2026 Percentage of Government grant for considering any University, hospital, or any other institution, as substantially financed by the Government for purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to Act. 287. For the purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to the Act, any university or… Read More »

RULE 286 INCOME-TAX RULES 2026   RULE 286 INCOME-TAX RULES 2026 Requirements for approval of a fund for welfare of employees and their dependents under Schedule VII [Table: Sl. No. 2] to Act. 286. (1) Any fund established for such purposes as may be notified by the Board for the welfare of employees and their dependents… Read More »

RULE 285 INCOME-TAX RULES 2026   RULE 285 INCOME-TAX RULES 2026 Computation of exempt income in nature of capital gains in connection with relocation of original fund, etc. 285. (1) For the purpose of Schedule VI [Table: Sl. No. 10] to the Act, income of the nature of capital gains, arising or received by a specified… Read More »

RULE 284 INCOME-TAX RULES 2026   RULE 284 INCOME-TAX RULES 2026 Conditions for the purpose of Schedule VI [Table: Sl. No. 5] to the Act 284. (1) The income accrued or arisen to, or received by, a non-resident as a result of— (a) transfer of non-deliverable forward contracts or offshore derivative instruments or over-the-counter derivatives; or… Read More »

RULE 283 INCOME-TAX RULES 2026   RULE 283 INCOME-TAX RULES 2026 Computation of minimum investment and exempt income for purposes of Schedule V [Table: Sl. No. 7] to Act. 283. (1) For the purposes of Schedule V [Table: Sl. No. 7] to the Act, the percentages referred to in Notes 5(e), (f) and (g) of the… Read More »

RULE 282 INCOME-TAX RULES 2026   RULE 282 INCOME-TAX RULES 2026 Notification of pension fund and other conditions to be satisfied by the pension fund. 282. (1) The pension fund mentioned in Schedule V [Table: Sl. No. 7. Note 5(a)(iii)] to the Act shall be required to satisfy the following other conditions: — (a) it shall… Read More »

RULE 281 INCOME-TAX RULES 2026 RULE 281 INCOME-TAX RULES 2026 Circumstances and conditions for purposes of Schedule III [Table: Sl. No. 16] to the Act. 281. (1) For the purposes of Schedule III (Table: Sl. No. 16) to the Act, the circumstances of death of a member of the armed forces (including para-military forces) of the… Read More »