Rules 204–205 mandate specific forms and documentary evidence for salary TDS computation, ensuring proper disclosure of income, deductions, and employee claims.
Rules 201–203 streamline certification of advance rulings, align High Court appeal procedures, and prescribe detailed conditions for grant and allocation of TDS/TCS credit.
Rule 200 mandates filing of advance ruling applications in Form 120 with transaction-based fee slabs, ensuring structured and uniform compliance under section 383.
Rule 199 clarifies what constitutes a “specified order” and lays down strict eligibility conditions to determine who can approach the Dispute Resolution Committee under section 379.
Rules 197–198 prescribe Form 119 with ₹1,000 fee for DRC applications and set clear conditions for penalty waiver or prosecution immunity under section 379.
Rule 215 prescribes Forms 130–133, fixed due dates, and digital authentication requirements to ensure uniform issuance of TDS/TCS certificates under section 395(4).
Draft Rule 146 prescribes fixed conversion formulas for slot and space charters, defines qualifying incidental shipping income, and imposes a 49% charter-in threshold—breach of which results in loss of tonnage tax scheme benefits.
Draft Rule 147 requires Board orders issued under section 239(3)(a) to be published through Gazette, official website, notice boards, and trade bodies to ensure transparency and public awareness.
Draft Rule 159 mandates quoting or applying for PAN in specified high-value banking, securities, property and cash transactions, with limited exemptions and Form 97 declarations to strengthen reporting and compliance.
Draft Rule 160 requires specified persons receiving Form 97 declarations to file electronic statements with the Income-tax Intelligence wing within prescribed deadlines and retain records for six years to enhance oversight and compliance.
