Direct Tax Rules.

The principal subordinate legislation under the IT Act — 138 numbered Rules across 13 parts covering residence, perquisite valuation, depreciation, transfer pricing, TDS/TCS, faceless schemes and every Form 1 through Form 71. Amended several times a year.

Procedural Rules under the Wealth-tax Act — valuation of immovable property, jewellery and business assets. Operative only for AYs up to 2015-16; retained because legacy assessments and refunds continue.

Procedure for filing Form 1 declarations under the 2016 voluntary disclosure window — manner of valuation, payment of tax and issuance of Form 4 certificates. Window closed 30 Sep 2016.

Procedure and Forms 1-5 for the 2020 dispute-resolution scheme — withdrawal of appeals, computation of disputed tax, payment and final order. Closed scheme; succeeded by the 2024 VsV scheme for fresh disputes.

Re-launched dispute-resolution window for appeals pending as on 22 Jul 2024 — Forms 1-4, payment of disputed tax with reduced interest and penalty, withdrawal of underlying appeal.

Procedure for the 6% / 2% equalisation levy on online advertising and non-resident e-commerce operators — Form 1 statement, Form 3 appeal, payment mechanics. The 2% e-commerce levy was withdrawn from 01 Aug 2024.

Ten standards — accounting policies, inventory, construction contracts, revenue, fixed assets, foreign exchange, government grants, securities, borrowing costs, provisions — notified to govern computation under PGBP and Other Sources.

Procedure for collection and remittance of STT by recognised stock exchanges, AMCs and lead merchant bankers — rates, returns in Form 1/2 and certificate in Form 2A.

Procedure for collection of CTT by recognised commodity exchanges on sale of commodity derivatives — Form 1 return and Form 2 certificate.

Procedure for reference to the Initiating Officer, provisional attachment, adjudication and confiscation of benami property — forms BNN-1 to BNN-7.

Procedure for valuation of foreign assets, computation of undisclosed foreign income, assessment, penalty, and the one-time 2015 compliance window — Forms 1, 6 and 7.

Procedure for filing Form 34C-EA applications, hearings and pronouncement of rulings. Largely superseded by the Board for Advance Rulings constituted under the Finance Act, 2021 — pending matters continue under these Rules.

Procedure before the Settlement Commission — Form 34B applications. The Commission was abolished from 01 Feb 2021; pending applications are heard by the Interim Board for Settlement under these Rules.

Procedure before the ITAT — filing of appeals in Form 36, cross-objections in Form 36A, stay applications, listing, hearing and pronouncement.

Procedure for assessment without physical interface — case allocation, draft order, dispute resolution, automated routing through NFAC and the Regional Faceless Assessment Centres.

Procedure for CIT(A) appeals through the National Faceless Appeal Centre — electronic filing of Form 35, written submissions, optional video hearings.

Faceless adjudication of penalty proceedings under Chapter XXI — automatic allocation and electronic communication.

Faceless framework for verification of information received under SFT, TDS / TCS, foreign remittances and similar feeds — automatic risk scoring and electronic notice issuance.

Scheme for centralised issuance and processing of information-call notices to financial institutions and reporting entities.

Alternate route for taxpayers with returned income up to ₹50 lakh and aggregate variation up to ₹10 lakh — Form 34BC application and faceless DRC adjudication.

Rule 44G procedure for MAP requests under tax treaties — Form 34F application, time limits, bilateral negotiation and giving effect to MAP resolutions.

Rules 10TA-10TG providing optional safe-harbour margins for software development, ITeS, KPO, contract R&D, intra-group loans and corporate guarantees — Form 3CEFA election.

Procedure for unilateral, bilateral and multilateral APAs — pre-filing consultation, Form 3CED main application, annual compliance in Form 3CEF and rollback under Rule 10MA.

Rules 10DA-10DB implementing OECD BEPS Action 13 — Master File in Form 3CEAA, CbCR in Form 3CEAD, intimations in Forms 3CEAB and 3CEAC.

Rules 26 to 37BC — manner of computing tax to be deducted at source, time and mode of payment, statements in Forms 24Q, 26Q, 27Q, 27EQ, certificates in Forms 16, 16A and lower-deduction certificates under Rule 28AA.