India and France have signed a protocol granting full taxing rights on capital gains from share sales to the country of company residence. The amendment removes the MFN clause and strengthens tax certainty under updated international standards.
Rule 26 clarifies when payments exceeding ₹10,000 in cash will not face disallowance under sections 36(4) and 36(5). It outlines specific institutional, agricultural, employee, and banking-related exemptions.
Rule 25 restricts depreciation to 40% WDV for specified taxpayers opting for concessional tax regimes. The rule clarifies computation method and eligibility conditions.
Rule 24 specifies ownership, government agreement, and operational conditions for a public facility to qualify as an infrastructure facility under Section 32(e), ensuring regulated tax benefits.
Rule 23 introduces a calendar month-based formula for computing the pro rata discount on zero coupon bonds, ensuring accurate year-wise taxation under Section 32(d).
Rules 19 and 20 of the Draft Income-tax Rules, 2026 prescribe an ₹8 lakh gross total income threshold and lay down strict eligibility and compensation limits for claiming deduction on voluntary retirement or separation, ensuring controlled tax relief.
Rule 21 defines unrealised rent as unpaid and irrecoverable rent subject to eviction, non-occupation, and recovery conditions, strengthening evidentiary standards. Rule 22 standardizes the computation of aggregate average advances for rural branches by mandating month-end aggregation and systematic averaging.
Rules 17 and 18 of the Draft Income-tax Rules, 2026 prescribe a ₹4 lakh salary benchmark and lay down detailed hospital and disease conditions for claiming medical perquisite exemptions, ensuring regulated and transparent tax benefits.
Rule 16 of the Draft Income-tax Rules, 2026 introduces a structured formula to tax interest and similar income earned on employer contributions exceeding ₹7.5 lakh to specified funds, ensuring clarity and preventing tax-free accumulation.
Rule 15 of the Draft Income-tax Rules, 2026 lays down detailed methods for valuing accommodation, cars, loans, ESOPs, and other benefits, ensuring uniform and transparent taxation of employee perquisites.
