March 29, 2018

Rule – 117B, Form of statement under section 222 or section 223

117B. A statement under section 222 or section 223 shall be drawn up by the Tax Recovery Officer in Form No. 57. Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 117A, Reduction or waiver of interest payable under section 139

117A. 82[In respect of assessment relating to an assessment year commencing on or before the first day of April, 1988, the Assessing Officer] may reduce or waive the interest payable […]
March 29, 2018

Rule – 117, Return of dividends paid

80117. [Omitted by the IT (Fifth Amdt.) Rules, 1989, w.e.f. 18-5-1989.] Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 116, Return of interest paid

79116. [Omitted by the IT (Fifth Amdt.) Rules, 1989, w.e.f. 18-5-1989.] Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 115A, Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for the purpose of computation of capital gains under the proviso to clause (a) of sub-section (1) of section 48 of the Income-tax Act,

115A. For the purpose of computing capital gains arising from the transfer of a capital asset being shares in, or debentures of, an Indian company, in the case of an […]
March 29, 2018

Rule – 115, Rate of exchange for conversion into rupees of income expressed in foreign currency.

115 . 71[(1)] The rate of exchange for the calculation of the value in rupees of any income accruing or arising or deemed to accrue or arise to the assessee […]
March 29, 2018

Rule – 114H, Due diligence requirement

114H. (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 […]
March 29, 2018

Rule – 114G, Information to be maintained and reported

114G. (1) The following information shall be maintained and reported by a reporting financial institution in respect of each reportable account, namely:— (a) the name, address, taxpayer identification number (assigned […]
March 29, 2018

Rule – 114F, Definitions

114F. For the purpose of this rule and rules 114G and 114H,- (1) “financial account” means an account (other than an excluded account) maintained by a financial institution, and includes- […]
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