RULE 79 INCOME-TAX RULES 2026 RULE 79 INCOME-TAX RULES 2026 Determination of arm’s length price under section 165. 79. (1) For the purposes of section 165(2), the arm’s length price in relation to an international transaction or a specified domestic transaction shall be determined by any of the following methods provided in this sub-rule, being the… Read More »
RULE 78 INCOME-TAX RULES 2026 Other method for determination of arm’s length price. 78. For the purposes of section 165(1)(f), the other method for determination of the arm’s length price in relation to an international transaction or a specified domestic transaction shall be any method which takes into account the price, which— (a) has been charged… Read More »
RULE 77 INCOME-TAX RULES 2026 Meaning of expressions used in determination of arm’s length price. 77. For the purpose of this rule and rules 78 to 84,— (a) “associated enterprise” shall have the meaning assigned to it in section 162; (b) “enterprise” shall have the meaning assigned to it in section 173(b) and shall, for the… Read More »
Section 149 Income Tax Act 2025 Deduction in respect of income of co-operative societies. 62 149. 63 (1) If the 64gross total income of an assessee, being a co-operative society, includes any income referred to in sub-section (2), the sums specified in the said sub-section shall, in accordance with and subject to the provisions of this section, be allowed… Read More »
RULE 76 INCOME-TAX RULES 2026 RULE 76 INCOME-TAX RULES 2026 Foreign tax credit. 76. (1) An assessee, being a resident shall be allowed a credit for the amount of any foreign tax paid by him in a country or specified territory outside India, by way of deduction or otherwise, in the tax year in which the… Read More »
RULE 75 INCOME-TAX RULES 2026 Other documents and information to be provided for claiming double taxation relief under section 159(1) and (2) . 75. (1) For the purposes of claiming any double taxation relief under an agreement mentioned in section 159(1) or (2), the other documents and information to be provided by an assessee (not being… Read More »
RULE 73 INCOME-TAX RULES 2026 RULE 74 INCOME-TAX RULES 2026 Taxation of income from retirement benefit account maintained in a notified country. 74. (1) If a specified person has income accrued in a specified account or accounts during a tax year, such income shall, at his option, be included in his total income of the tax… Read More »
RULE 73 INCOME-TAX RULES 2026 RULE 73 INCOME-TAX RULES 2026 Relief under section 157(1), when salary is paid in arrears or in advance, gratuity, etc.. 73. (1) Where, the total income of an assessee for any tax year (referred to as the relevant tax year in this rule) is assessed at a rate higher than the… Read More »
RULE 72 INCOME-TAX RULES 2026 Prescribed authority and form of certificate to be furnished under section 151(6) and section 152(6) . 72. For the purposes of sections 151(6) and 152(6),— (a) the prescribed authority shall be the Reserve Bank of India or another authorised authority under current laws regulating foreign exchange transactions; and (b) the certificate… Read More »
RULE 71 INCOME-TAX RULES 2026 Prescribed authority and form of certificate to be furnished under section 152(5) . 71. For the purposes of section 152(5),— (a) the prescribed authority shall be the Controller referred to in section 2(1)(b) of the Patents Act, 1970 (39 of 1970); and (b) the assessee shall be required to furnish a… Read More »