RULE 240 INCOME-TAX RULES 2026 RULE 240 INCOME-TAX RULES 2026 Due diligence requirement. 240. (1) An account shall be treated as a reportable account beginning as on the date it is identified as such pursuant to the due diligence procedure specified in sub-rule (3) to sub-rule (8) and, unless otherwise provided, information with respect to a… Read More »
RULE 239 INCOME-TAX RULES 2026 RULE 239 INCOME-TAX RULES 2026 Information to be maintained and reported. 239. (1) The following information shall be maintained and reported by a reporting financial institution in respect of each reportable account: — (a) the name, address, taxpayer identification number (assigned to the account holder by the country or territory of… Read More »
RULE 238 INCOME-TAX RULES 2026 RULE 238 INCOME-TAX RULES 2026 Definitions. 238. For the purposes of this rule and rules 239 and 240,— (1) “financial account” means an account (other than an excluded account) maintained by a financial institution, and includes— (i) a depository account; (ii) a custodial account; (iii) in the case of an investment… Read More »
RULE 237 INCOME-TAX RULES 2026 RULE 237 INCOME-TAX RULES 2026 Furnishing of statement of financial transaction. 237. (1) The statement of financial transaction required to be furnished under section 508(1) shall be furnished in respect of all transactions as specified in sub-rule (2) in a financial year in Form No. 165 and shall be verified in… Read More »
RULE 236 INCOME-TAX RULES 2026 Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity. 236. (1) The statement required to be furnished under section 507 by a person carrying on production of cinematograph film or engaged in specified activity, or both, shall be in Form No. 164 for… Read More »
RULE 235 INCOME-TAX RULES 2026 RULE 235 INCOME-TAX RULES 2026 Information or documents to be furnished under section 506. 235. (1) Every Indian concern referred to in section 506 shall, for the purposes of the said section, maintain and furnish the information and documents in accordance with this rule. (2) The information shall be furnished in… Read More »
RULE 234 INCOME-TAX RULES 2026 Furnishing of annual statement by a non-resident having liaison office in India. 234. (1) The annual statement as provided under section 505 for every financial year, shall be furnished in Form No. 162 within eight months from the end of such financial year. (2) The annual statement referred to in sub-rule… Read More »
RULE 233 INCOME-TAX RULES 2026 RULE 233 INCOME-TAX RULES 2026 Authentication of notices and other documents. 233. (1) Every notice or other document communicated in electronic form by an income-tax authority under the Act shall be deemed to be authenticated,— (a) in case of electronic mail or electronic mail message (herein referred to as the e-mail),… Read More »
RULE 232 INCOME-TAX RULES 2026 RULE 232 INCOME-TAX RULES 2026 Service of notice, summons, requisition, order and other communication under section 501. 232. (1) For the purposes of section 501(1), the addresses (including the address for electronic mail or electronic mail message) to which a notice, or summons, or requisition, or order, or any other communication,… Read More »
RULE 231 INCOME-TAX RULES 2026 Form of application under section 440. 231. An application to the Assessing Officer to grant immunity from imposition of penalty under section 439 and from initiation of proceedings under section 478 or section 479 shall be made in Form No. 161. ******************************* Your Queries Solved rule 231 of income tax rules… Read More »