INCOME-TAX RULES 2026 INCOME-TAX RULES 2026 RULE 1 INCOME-TAX RULES 2026 Short title and commencement. RULE 2 INCOME-TAX RULES 2026 Definitions RULE 3 INCOME-TAX RULES 2026 Arrangements for declaration and payment of dividends within India. RULE 4 INCOME-TAX RULES 2026 Conditions that a stock exchange is required to fulfil to be notified as a… Read More »
Section 144 Income Tax Act 2025 Special provisions in respect of newly established Units in Special Economic Zones. 144. In respect of any tax year, where— (a) in computing the total income of an assessee, being an entrepreneur as referred to in section 2(j) 53 of the Special Economic Zones Act, 2005 (28 of 2005), who begins… Read More »
Section 143 Income Tax Act 2025 Special provisions in respect of certain undertakings in North-Eastern States. 51 143. (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking, to which this section applies, from any business referred to in sub-section (2), there shall be allowed, in computing the total… Read More »
Section 152 Income Tax Act 2025 Deduction in respect of royalty on patents. 75 152. (1) An assessee, being an individual, who is— (a) resident in India; (b) a patentee; (c) in receipt of income by way of royalty in respect of a patent registered on or after the 1st April, 2003 under the Patents Act, 1970… Read More »
Section 153 Income Tax Act 2025 Deduction for interest on deposits. 79 153. (1) An assessee who is— (a) an individual, not being a senior citizen; or (b) an individual, being a senior citizen; or (c) a Hindu undivided family, shall be allowed a deduction from the gross total income, subject to conditions specified in sub-section (2),… Read More »
RULE 40 INCOME-TAX RULES 2026 Conditions subject to which a skill development project is to be notified under section 47(1)(b). 40. (1) The company undertaking a skill development project (herein referred as the project) shall maintain separate books of account for the project notified under section 47(1)(b) and get such books of account audited by an… Read More »
Section 142 Income Tax Act 2025 Deductions in respect of profits and gains from housing projects. 142. In respect of any tax year, where— (a) the gross total income of an assessee, includes any profits and gains derived from the business of developing and building housing projects or rental housing projects referred to in section 80-IBA of the… Read More »
Section 154 Income Tax Act 2025 Deduction in case of a person with disability. 81 154. 82 (1) An individual, being resident in India, who is certified by a medical authority, at any time during the tax year, as a person with disability or person with severe disability, shall be allowed a deduction of ₹ 75000 or ₹… Read More »
RULE 30 INCOME-TAX RULES 2026 RULE 30 INCOME-TAX RULES 2026 Prescribed authority and process of approval for expenditure on scientific research under section 45(3)(c). 30. (1) For the purposes of section 45(3)(c)(i) to (iii), the head of the National Laboratory or the University or the Indian Institute of Technology, as the case may be, shall be… Read More »
RULE 29 INCOME-TAX RULES 2026 RULE 29 INCOME-TAX RULES 2026 Prescribed authority and process of approval for expenditure on scientific research under section 45(1)(a)(ii) and (2). 29. (1) For the purposes of clause (b) read with clause (a)(ii) of section 45(1), the prescribed authority shall be Principal Chief Commissioner of Income-tax (Exemptions) in concurrence with the… Read More »