Rule 285 of the Draft Income-tax Rules, 2026 explains how exempt capital gains for specified funds are computed using a prescribed formula and mandatory reporting forms.
Rule 281 of the Draft Income-tax Rules, 2026 lists the operational circumstances under which the death of armed forces personnel qualifies for benefits under Schedule III.
Rule 280 of the Draft Income-tax Rules, 2026 lists prescribed allowances and exemption limits under Schedule III, covering travel, transfer, education, remote locality, and armed forces allowances.
Draft Rule 279 of the Income-tax Rules, 2026 explains how House Rent Allowance (HRA) exemption will be computed based on rent paid, salary, and the city of residence.
Draft Rule 278 of the Income-tax Rules, 2026 explains how exemption for Leave Travel Concession (LTC) will be calculated based on actual travel cost, transport mode, and journey limits.
IRDAIs consultation paper proposes a new regulatory framework requiring insurers to adopt Ind AS. The initiative is designed to modernize financial disclosures and ensure globally aligned reporting standards.
Draft Rules 194–196 prescribe Forms 117 and 118 for appeal procedures and define the structure of the Dispute Resolution Committee to ensure uniform and efficient tax dispute handling.
Draft Rules 191 to 193 clarify modes of service, regulate admission of additional evidence before appellate authorities, and mandate prescribed forms for filing appeals and cross-objections before the Appellate Tribunal.
Draft Rule 190 requires registered non-profits to electronically file Form 113 and issue Form 114 certificates by 31st May each year, ensuring structured reporting and verification of donations.
Draft Rules 188 and 189 require registered non-profits to file audit reports one month before return due date and prescribe a detailed fair market value methodology for computing accreted income under section 352.
