Monthly Archives: April 2026

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 »

RULE 280 INCOME-TAX RULES 2026 RULE 280 INCOME-TAX RULES 2026 Allowances for purposes of Schedule III [Table: Sl. Nos. 12 and 13] to the Act. 280. (1) The following, by whatever name called, shall be the allowances for the purposes of Schedule III [Table: Sl. No. 12] to the Act:— (a) any allowance granted to meet… Read More »

RULE 279 INCOME-TAX RULES 2026 RULE 279 INCOME-TAX RULES 2026 Limits for the purposes of Schedule III [Table: Sl. No. 11] to the Act. 279. (1) The amount, which is not to be included in the total income of an assessee in respect of the special allowance referred to in Schedule III [Table: Sl. No. 11]… Read More »