CBDT Circulars & Instructions

CBDT Circulars & Instructions — 282 entries

• CBDT Circular 1/2008

  We pay cooling charges to a cold storage for our stock. Is that rent under s.194-I at 10%?

  CBDT Circulars & InstructionsHelps taxpayers.194-Is.194C

• CBDT Circular 1/2024

  I paid my MSME supplier late but before filing my return. Is the expense disallowed this year?

  CBDT Circulars & InstructionsHelps departmentSuperseded by amendments.43B(h)s.43B first provisoMSMED Act 2006 s.15

• CBDT Circular 1/2025 on the Principal Purpose Test

  The officer says the PPT in the MLI destroys my Mauritius capital gains exemption on shares bought in 2015. Does the Board's own circular help?

  CBDT Circulars & InstructionsHelps taxpayers.90s.90(1)s.90(2)

• CBDT Circular 12/2022

  I'm giving dealers free samples and discounts. Do I have to deduct TDS under s.194R?

  CBDT Circulars & InstructionsCuts both wayss.194Rs.28(iv)

• CBDT Circular 13/2017 on seafarer salary in an NRE account

  My client is a non-resident seafarer and his foreign employer credits his salary straight into his Indian NRE account. Is that receipt in India?

  CBDT Circulars & InstructionsHelps taxpayers.5(2)s.5(2)(a)s.6s.6(1)

• CBDT Circular 13/2021

  Our purchase attracts both 194Q and 206C(1H). Do we deduct as buyer or does the seller collect?

  CBDT Circulars & InstructionsCuts both wayss.194Qs.206C(1H)s.194-O

• CBDT Circular 13/2022

  I trade crypto on an exchange. Who deducts the 1% under s.194S, on what amount, and what changes if a broker is in the chain?

  CBDT Circulars & InstructionsCuts both wayss.194Ss.2(47A)s.115BBH

• CBDT Circular 14/2021

  A partner retired and took assets out of the firm. How do s.9B and s.45(4) work together?

  CBDT Circulars & InstructionsCuts both waysValidity unconfirmeds.9Bs.45(4)s.48s.43(6)(c)s.50

• CBDT Circular 14/2022

  I bought crypto directly from the seller, no exchange — do I deduct? And what if I paid in crypto rather than cash?

  CBDT Circulars & InstructionsCuts both waysValidity unconfirmeds.194Ss.2(47A)

• CBDT Circular 15/2023 on the Rs 5 lakh premium test

  My client holds four life policies with different premiums and different maturity dates. How do I work out which of them still come out exempt under s.10(10D)?

  CBDT Circulars & InstructionsCuts both wayss.10(10D)s.56(2)(xiii)Rule 11UACA

• CBDT Circular 16/2024

  Our Form 10B is years late. Who can condone the delay, and how long do I have to apply?

  CBDT Circulars & InstructionsHelps taxpayers.119(2)(b)s.11(5)s.11(1)s.11(2)s.12A(b)s.10(23C)

• CBDT Circular 19/2017

  The company advanced money to a sister concern against job work and the officer says it is a deemed dividend. Is there anything binding on him that says a trade advance is not?

  CBDT Circulars & InstructionsHelps taxpayers.2(22)(e)s.2(22)

• CBDT Circular 2/2021

  I was stranded in India by the COVID flight ban in FY 2020-21. Am I resident now?

  CBDT Circulars & InstructionsHelps departmentValidity unconfirmeds.6s.90

• CBDT Circular 22/2017

  We take loan repayments in cash instalments. Do the instalments add up against the two lakh limit?

  CBDT Circulars & InstructionsHelps taxpayerValidity unconfirmeds.269STs.271DA

• CBDT Circular 23/2022 - the VDA regime's first year

  From which assessment year does the flat 30% charge on crypto actually begin, and has the Board itself said anything about set-off?

  CBDT Circulars & InstructionsCuts both wayss.115BBHs.194Ss.2(47A)

• CBDT Circular 3/2014 - a keyman policy assigned to the keyman stays a keyman policy

  Our company assigned its keyman policy to the director before maturity and he paid the surrender value. Is the maturity money still exempt in his hands?

  CBDT Circulars & InstructionsHelps departments.10(10D)

• CBDT Circular 3/2017

  My trust is surrendering registration or merging. What is the s.115TD tax on accreted income?

  CBDT Circulars & InstructionsHelps departmentSuperseded by amendments.115TDs.115TEs.115TF

• CBDT Circular 32/2019

  My turnover crossed Rs. 50 crore. Must I offer UPI and RuPay, and what does it cost me if I don't?

  CBDT Circulars & InstructionsHelps departmentSuperseded by amendments.269SUs.271DBs.10A of the Payment and Settlement Systems Act 2007s.187 of the Income-tax Act 2025

• CBDT Circular 4/2011

  I want to sell an asset or mortgage business assets while a tax demand is pending. How do I get permission?

  CBDT Circulars & InstructionsCuts both wayss.281s.281Bs.499 of the Income-tax Act 2025

• CBDT Circular 471

  Is a flat allotted under a self-financing scheme a purchase or a construction for s.54 and s.54F?

  CBDT Circulars & InstructionsHelps taxpayers.54s.54Fs.45

• CBDT Circular 5/2002

  We book hotel rooms through the year for staff and guests. Is that rent under s.194-I?

  CBDT Circulars & InstructionsCuts both wayss.194-I

• CBDT Circular 5/2024

  The department says the monetary limit does not apply to my case. Which exceptions let it appeal anyway?

  CBDT Circulars & InstructionsCuts both waysSuperseded by amendments.268As.158ABs.115JBs.115JCs.201(1A)

• CBDT Circular 672

  My client's flat was allotted by a co-operative society, not the D.D.A. Does Circular 471 still help?

  CBDT Circulars & InstructionsHelps taxpayers.54s.54F

• CBDT Circular 7/2024

  Our Form 10AB was rejected for late filing. Does the CBDT let us apply again?

  CBDT Circulars & InstructionsHelps taxpayers.10(23C)s.12As.80Gs.35s.119

• CBDT Circular 9/2024

  The department has appealed against my order. Is the tax effect too small for it to appeal at all?

  CBDT Circulars & InstructionsHelps taxpayers.268As.158AB

• CBDT Circular No. 11/2019 — set-off of loss against s.115BBE income

  Is there anything from the Board itself I can put in front of the officer on setting off losses against s.68 or s.69 additions in an old year?

  CBDT Circulars & InstructionsHelps taxpayers.115BBEs.68s.69s.69As.69Bs.69Cs.69Ds.72

• CBDT Circular No. 2/2024 — audit report filed in the wrong form

  For AY 2023-24 my trust filed Form 10B when Form 10BB was the right form. Is there a CBDT relaxation, and what exactly does it cover?

  CBDT Circulars & InstructionsHelps taxpayerValidity unconfirmeds.10(23C)s.11s.12s.12As.12ABs.119

• CBDT Circular No. 29/2019 — MAT credit on opting into s.115BAA

  My client company has a large MAT credit and wants the 22 per cent rate under s.115BAA. Does the credit survive the switch?

  CBDT Circulars & InstructionsHelps departmentValidity unconfirmeds.115BAAs.115BAA(2)s.115JAAs.115JAA(8)s.115JBs.32(1)(iia)

• CBDT Circular No. 3/2025 - salary TDS for FY 2024-25

  Is there one document that tells the payroll department how to deduct on salary for the year?

  CBDT Circulars & InstructionsCuts both wayss.192s.192(2B)s.115BACs.10(10AA)

• CBDT Circular No. 5 of 2023 (online gaming TDS)

  The platform says it need not deduct on every small withdrawal, and that my bonus counts as a deposit. Where does that come from?

  CBDT Circulars & InstructionsCuts both wayss.194BAs.194BA(2)s.194BA(3)Rule 133

• CBDT Circular No. 723 dated 19 September 1995 — where section 172 applies, sections 194C and 195 do not, and the shipping agent steps into the shoes of his non-resident principal

  We pay ocean freight and demurrage to a foreign shipping line, usually through its Indian agent, and we do not deduct tax. The Assessing Officer is disallowing the whole payment under section 40(a)(i). Is there anything from the Board on this?

  CBDT Circulars & InstructionsHelps taxpayers.172s.172(1)s.194Cs.195s.40(a)(i)

• CBDT Circular No. 739 dated 25 March 1996 — a deed that neither fixes the remuneration nor fixes the way of working it out carries no section 40(b)(v) claim

  Our partnership deed says the partners will be paid such salary as they may decide at the end of the year. The AO has disallowed the whole remuneration relying on a 1996 circular. What does that circular actually say?

  CBDT Circulars & InstructionsHelps departmentValidity unconfirmeds.40(b)s.40(b)(v)s.40(b)(ii)s.40(b)(iii)s.119s.184s.185

• CBDT Circular No. 9/2001 dated 9 July 2001 — on a regular assessment under section 172(7) the non-resident is liable to interest under sections 234B and 234C and entitled to interest under section 244A; Circular No. 730 withdrawn

  Our foreign shipping client elected under section 172(7) for a regular assessment and is now getting a refund. The Department says no interest is payable on it because of an old Board circular. Is that circular still good?

  CBDT Circulars & InstructionsCuts both wayss.172s.172(3)s.172(4)s.172(7)s.234Bs.234Cs.244As.143(3)

• CBDT Clarification 14.08.2019 on s.44AE

  For 44AE, do I compute on gross vehicle weight or on unladen weight for a heavy goods vehicle?

  CBDT Circulars & InstructionsHelps departmentValidity unconfirmeds.44AE

• CBDT Compounding Guidelines 2024

  I want to compound my income tax offence. What do the current guidelines let me do?

  CBDT Circulars & InstructionsHelps taxpayers.279(2)s.119s.275As.275Bs.276Bs.276BBs.276CCs.277As.278Bs.278C

• CBDT Guidance Note on crypto-asset reporting

  Do I have to list every crypto trade separately in Schedule VDA, or can I report the net gain?

  CBDT Circulars & InstructionsHelps departmentValidity unconfirmeds.285BAAs.509s.115BBHs.194S

• CBDT Instruction 1914 and the Office Memorandum on stay of demand

  What does the department's own instruction actually say about staying a demand?

  CBDT Circulars & InstructionsCuts both waysSuperseded by amendments.220(6)s.156

• CBDT Instruction No. 01/2016 - the six months in s.154(8)

  My rectification application has been sitting with the officer for more than six months. Has it lapsed?

  CBDT Circulars & InstructionsHelps taxpayers.154s.154(8)

• CBDT Instruction No. 02/2016 - rectification orders must be in writing

  The officer says my rectification has been 'done in the system' but I have received no order. Is that enough?

  CBDT Circulars & InstructionsHelps taxpayerValidity unconfirmeds.154s.154(4)

• CBDT Instruction No. 03/2017 — the demonetisation cash verification SOP

  Is there a departmental instruction telling the officer how to verify my demonetisation cash deposits, and what comparisons is he supposed to make?

  CBDT Circulars & InstructionsCuts both wayss.143s.133Cs.133(6)s.133As.269SSs.269T

• CBDT Instruction No. 12/2013 on adjustment of refunds

  Is there a departmental instruction I can quote when CPC adjusts my refund without notice?

  CBDT Circulars & InstructionsHelps taxpayerSuperseded by amendments.245s.143(1)s.244A

• CBDT Instruction No. 1916 of 11 May 1994 — jewellery that is not to be seized

  The search party found my family's gold. Is there a quantity the department is not supposed to touch?

  CBDT Circulars & InstructionsHelps taxpayers.132s.69As.69Bs.292C

• CBDT Instruction No. 5/2013 — TDS credit where 26AS does not match

  Form 26AS does not show my TDS but I hold the deductor's certificate. Must the officer still verify and give me credit?

  CBDT Circulars & InstructionsHelps taxpayers.199s.203s.143(1)

• CBDT Instruction of 10 March 2003 — no confessions in search or survey

  Are officers allowed to press you for an admission during a search or survey?

  CBDT Circulars & InstructionsHelps taxpayers.132s.132(4)s.133A

• CBDT instruction of 18 August 2025 on Black Money Act prosecutions

  The foreign asset is small and no penalty is proposed. Can they still prosecute me for leaving it out of Schedule FA?

  CBDT Circulars & InstructionsHelps taxpayerBMA 2015 s.49BMA 2015 s.50BMA 2015 s.42BMA 2015 s.43BMA 2015 s.84s.119

• CBDT letter of 18 December 2014 — coercion in recording statements

  What is the department's own position if you were pressured into an admission?

  CBDT Circulars & InstructionsHelps taxpayers.132s.132(4)s.133A

• CBDT letter of 29 May 2026 on invoking ss.68 to 69D with s.115BBE

  Is there anything from the Board telling the officer he has to establish the section before he makes a deeming addition?

  CBDT Circulars & InstructionsHelps taxpayers.68s.69As.69Bs.69Cs.69Ds.115BBEs.133(6)

• CBDT Notification 19/2026 on crypto reporting

  Do I have to report my crypto holdings now, or does the exchange do it for me?

  CBDT Circulars & InstructionsHelps departments.285BAs.285BAAs.2(47A)s.115BBHs.194S

• CBDT Notifications 29 & 30/2023

  Which investors are outside angel tax after the 2023 notifications, and does the section still apply at all?

  CBDT Circulars & InstructionsHelps taxpayers.56(2)(viib)

• CBDT Notifications 74 & 75/2022

  Are gift cards, loyalty points and NFTs backed by a physical asset caught by the crypto tax rules?

  CBDT Circulars & InstructionsCuts both waysSuperseded by amendments.2(47A)s.115BBHs.194S

• CBDT Office Memoranda of 1 June 2015 and 11 March 2016 — TDS credit mismatch

  Is there anything binding on the assessing officer that stops him enforcing a demand caused by my deductor's failure to deposit?

  CBDT Circulars & InstructionsHelps taxpayers.205s.199s.220s.245

• CBDT Press Release 02.02.2020 on residence

  I work in the Gulf and pay no tax there. Does the deemed residence rule tax my foreign salary?

  CBDT Circulars & InstructionsHelps taxpayerSuperseded by amendments.6(1A)s.6(6)s.5s.6(1)s.6(7) of the Income-tax Act 2025s.6(13) of the Income-tax Act 2025

• CBDT SOP on s.45(5A) joint development

  I gave my land to a builder under a JDA. When do I have to pay tax on the capital gain?

  CBDT Circulars & InstructionsHelps departmentValidity unconfirmeds.45(5A)s.2(47)s.48

• DGIT(Systems) notification of 28.03.2023 on Form 10F

  My foreign payee has no PAN and cannot file Form 10F online. Is his treaty claim lost?

  CBDT Circulars & InstructionsHelps taxpayerSuperseded by amendments.90s.90(4)s.90(5)Rule 21ABRule 131Form 10F

• e-Verification Instruction 2(i) of 2024

  A compliance campaign message arrived and nothing was done about it. What does the department do next, and does an updated return filed late in the day count for anything?

  CBDT Circulars & InstructionsCuts both waysValidity unconfirmeds.147s.148s.148As.139(8A)s.135A

• Income Tax Dept presumptive taxation tutorial

  What are the current 44AD, 44ADA and 44AB limits, and what does the 5% cash test mean?

  CBDT Circulars & InstructionsCuts both wayss.44ADs.44ADAs.44ABs.44AE

• MSME Office Memorandum 1/4(1)/2021

  My supplier is a trader with Udyam registration. Does the 43B(h) disallowance apply to him?

  CBDT Circulars & InstructionsCuts both waysValidity unconfirmeds.43B(h)MSMED Act 2006 s.2(e)MSMED Act 2006 s.15

• Notification 67/2022 — the 194S forms

  I deducted 1% under s.194S on a peer-to-peer purchase. Which challan and which certificate, and by when?

  CBDT Circulars & InstructionsCuts both waysValidity unconfirmeds.194Ss.295s.194Bs.194-IAs.194Rs.206AB

• Notification 73/2022 — Form 26QF for exchanges

  The exchange agreed under the CBDT guidelines to pay the 1% on its own sale to me. How does that get reported, and where do I see it?

  CBDT Circulars & InstructionsCuts both wayss.194Ss.200s.203A

• Statutory position — Chapter X-A applies only from AY 2018-19, and Rule 10U's three-crore threshold and the grandfathering of investments made before 1 April 2017

  The Assessing Officer says my client's 2015 restructuring is an impermissible avoidance arrangement. Can GAAR reach an arrangement entered into before it came into force, and is there a monetary floor below which it simply does not apply?

  CBDT Circulars & InstructionsCuts both wayss.95s.95(2)s.96s.102s.102(10)s.115ADs.90s.90ARule 10U

And 222 entries, by name. The first 60 are spelled out above because that is as far as most people scroll; each of these has a page of its own carrying the full text and the sources.

• Statutory position — how DDT was abolished: the end-date written into s.115-O(1), s.115R(2) and s.115BBDA(1), and the withholding that replaced it under s.194 and s.194K

  CBDT Circulars & Instructions · 2020 · s.115-O, s.115-O(1), s.115R, s.115R(2)

• Statutory position — partial integration: agricultural income is exempt under the Income-tax Act but is aggregated for RATE purposes, and that aggregation is enacted by the annual Finance Act, not by the Income-tax Act

  CBDT Circulars & Instructions · 2014 · s.10(1), s.2(1A), s.4, s.4(1)

• Statutory position — place of effective management under section 6(3)(ii) from AY 2017-18, and the CBDT Circular 6/2017 guidelines

  CBDT Circulars & Instructions · 2017 · s.6(3), s.6(3)(ii), s.6, s.90

• Statutory position — restricted stock units: what s.17(2)(vi), Rule 3(8) and s.2(42A) actually say about them, and the express statement that no authority fixing the charging point at vesting was found

  CBDT Circulars & Instructions · s.17(2)(vi), Rule 3(8), Rule 3(9), s.49(2AA)

• Statutory position — Rule 10U: the exclusions a cross-border case must clear first — the Foreign Institutional Investor and offshore-derivative carve-outs, and how the three crore rupee tax benefit is actually computed

  CBDT Circulars & Instructions · 2018 · Rule 10U, Rule 10U(1), Rule 10U(2), Rule 10U(3)

• Statutory position — rule 10V: the look-through for institutional investors, the cure periods that save a breach, and the twenty-six per cent control test

  CBDT Circulars & Instructions · 2025 · Rule 10V, s.9A, s.9A(3), s.9A(5)

• Statutory position — rule 10VA: the optional CBDT approval that locks in a fund's section 9A eligibility

  CBDT Circulars & Instructions · 2025 · Rule 10VA, s.9A, Rule 10V

• Statutory position — Rule 11UA(2) to (4) as substituted with effect from 25 September 2023: five further methods for non-resident subscriptions, price matching, and a ten per cent safe harbour

  CBDT Circulars & Instructions · 2023 · Rule 11UA, Rule 11U, Rule 11UAA, s.56(2)(viib)

• Statutory position — Rule 11UAE and the substituted s.50B(2) and s.2(42C): slump sale from AY 2021-22

  CBDT Circulars & Instructions · 2021 · s.50B, s.2(42C), s.2(47), s.11UAE

• Statutory position — rule 12CA and rule 12CB with s.115UA(4) and s.115UB(7): the two pass-through statements, Forms 64A to 64D, and the 15 June and 30 June dates

  CBDT Circulars & Instructions · s.115UA(4), s.115UB(7), s.115UA, s.115UB

• Statutory position — Rule 3(8) and Rule 3(9): how the fair market value of an ESOP or sweat equity share is fixed on the date of exercise, including the merchant banker's specified date

  CBDT Circulars & Instructions · Rule 3(8), Rule 3(9), Rule 3, s.17(2)(vi)

• Statutory position — Rule 7: where income is partly agricultural and partly business, the market value of the assessee's own produce comes out and nothing else does

  CBDT Circulars & Instructions · Rule 7, s.2(1A), s.10(1), Rule 7A

• Statutory position — Rule 7A (rubber) and Rule 7B (coffee): the fixed apportionment percentages, both coffee cases, and the replanting allowance

  CBDT Circulars & Instructions · Rule 7A, Rule 7B, Rule 7, s.10(1)

• Statutory position — Rule 8: tea grown and manufactured by the seller, forty per cent taxable and sixty per cent agricultural, and the sub-rule (2) replanting allowance

  CBDT Circulars & Instructions · Rule 8, s.10(1), s.10(30), Rule 7

• Statutory position — Rule 8AA(5): whether the section 45(4) charge on the firm is short-term or long-term

  CBDT Circulars & Instructions · 2021 · Rule 8AA(5), s.45(4), s.9B, s.48(iii)

• Statutory position — Rule 8AB and section 48(iii): how the section 45(4) amount is set off when the firm later sells the asset

  CBDT Circulars & Instructions · 2021 · s.45(4), s.48, s.48(iii), s.9B

• Statutory position — Rules 10UD, 10UE and 10UF: the Approving Panel stage — Form 3CEIA, four sets, circulation within seven days, and the notice of hearing to both sides

  CBDT Circulars & Instructions · 2019 · Rule 10UD, Rule 10UE, Rule 10UF, s.144BA

• Statutory position — s.10(10): the three limbs of the gratuity exemption, the twenty-lakh ceiling set by S.O. 1213(E), and why the ceiling is an aggregate across employers and across years

  CBDT Circulars & Instructions · 2018 · s.10(10), s.10(10)(i), s.10(10)(ii), s.10(10)(iii)

• Statutory position — s.10(10A): commuted pension, why a corporation established by an Act is on the government side of the line, and the one-third / one-half rule that turns on gratuity

  CBDT Circulars & Instructions · 2025 · s.10(10A), s.10(10A)(i), s.10(10A)(ii), s.10(10A)(iii)

• Statutory position — s.10(10AA): the four-limb leave encashment computation, the thirty-days-a-year cap in the Explanation, and the Rs. 25,00,000 limit notified by S.O. 2276(E) from 1 April 2023

  CBDT Circulars & Instructions · 2023 · s.10(10AA), s.10(10AA)(i), s.10(10AA)(ii), s.10(10)

• Statutory position — s.10(10B): retrenchment compensation, the lesser-of test against s.25F(b) of the Industrial Disputes Act, and the second proviso that removes the cap altogether for an approved scheme

  CBDT Circulars & Instructions · 2025 · s.10(10B), s.17(3), s.17(3)(i), s.17(3)(ii)

• Statutory position — s.10(11) and s.10(12) with Rule 9D: interest on the employee's own provident fund contribution above the annual threshold, why there are TWO thresholds, and the two-account mechanism from previous year 2021-22

  CBDT Circulars & Instructions · 2022 · s.10(11), s.10(12), Rule 9D, s.17(2)(vii)

• Statutory position — s.10(13) on the approved superannuation fund, and s.17(2)(vii)/(viia): the Rs. 7,50,000 AGGREGATE ceiling on the employer's contribution to provident fund, NPS and superannuation taken together, and the annual accretion on it

  CBDT Circulars & Instructions · 2021 · s.10(13), s.17(2)(vii), s.17(2)(viia), s.17(3)(ii)

• Statutory position — s.10(2): a member's receipt out of family income is exempt, but the clause is subject to s.64(2) and is overridden by s.171(4)(b)

  CBDT Circulars & Instructions · 1962 · s.10(2), s.10, s.64(2), s.171(4)

• Statutory position — s.10(23FBA) and s.10(23FBB): the two clauses that put an AIF's business income at fund level and everything else at investor level

  CBDT Circulars & Instructions · 2016 · s.10(23FBA), s.10(23FBB), s.10(23FB), s.115UB

• Statutory position — s.10(23FC): the business trust's own exemption for interest and for dividend from a special purpose vehicle, and what a "special purpose vehicle" is

  CBDT Circulars & Instructions · 2021 · s.10(23FC), s.10(23FCA), s.10(23FD), s.115UA

• Statutory position — s.10(23FCA): a REIT's exemption for rent from real estate it owns directly, and why an InvIT cannot use it

  CBDT Circulars & Instructions · 2016 · s.10(23FCA), s.10(23FC), s.10(23FD), s.115UA

• Statutory position — s.10(23FD): the unit holder's exemption for the rest of a business trust distribution, and the s.115BAA switch that decides whether SPV dividend is taxed in his hands

  CBDT Circulars & Instructions · 2021 · s.10(23FD), s.10(23FC), s.10(23FCA), s.115UA

• Statutory position — s.10(37): the four cumulative conditions for exempting capital gain on the compulsory acquisition of urban agricultural land

  CBDT Circulars & Instructions · 2005 · s.10(37), s.2(14)(iii), s.45, s.194-IA

• Statutory position — s.102: "tax benefit", "arrangement", "step", "party" and "benefit" — the definitions that decide whether Chapter X-A can start at all

  CBDT Circulars & Instructions · 2018 · s.102, s.102(1), s.102(3), s.102(6)

• Statutory position — s.10AA: the SEZ deduction, its fifteen-year run, and the commencement sunset

  CBDT Circulars & Instructions · 2017 · s.10AA, s.10AA(1), s.10AA(2), s.10AA(3)

• Statutory position — s.10AA: what "export turnover" excludes, and the six-month realisation condition in s.10AA(4A)

  CBDT Circulars & Instructions · 2024 · s.10AA, s.10AA(4A), s.10AA(7), s.10A

• Statutory position — s.115-I: the non-resident Indian's annual election OUT of Chapter XII-A, made in the return itself

  CBDT Circulars & Instructions · 1990 · s.115-I, s.115C, s.115D, s.115E

• Statutory position — s.115-O(1A): the set-off for dividend received from a subsidiary, and the conditions that gate it

  CBDT Circulars & Instructions · 2020 · s.115-O(1A), s.115-O, s.115-O(1B), s.115BBD

• Statutory position — s.115-O(6), (7) and (8): the SEZ developer exemption that died on 1 June 2011, the business trust carve-out and the IFSC unit carve-out

  CBDT Circulars & Instructions · 2020 · s.115-O(6), s.115-O(7), s.115-O(8), s.115-O

• Statutory position — s.115-O: the dividend distribution tax charge, the fifteen per cent rate, the thirty per cent proviso for s.2(22)(e), and the s.115-O(1B) grossing-up

  CBDT Circulars & Instructions · 2020 · s.115-O, s.115-O(1), s.115-O(1B), s.115-O(2)

• Statutory position — s.115BAB(2) conditions, the Form 10-ID option and the s.115BAB(6) more-than-ordinary-profit adjustment

  CBDT Circulars & Instructions · 2020 · s.115BAB, s.115BAB(1), s.115BAB(2), s.115BAB(3)

• Statutory position — s.115BAC(1A): the default personal regime from AY 2024-25 and the single Form 10-IEA opt-out

  CBDT Circulars & Instructions · 2024 · s.115BAC, s.115BAC(1A), s.115BAC(2), s.115BAC(6)

• Statutory position — s.115BAE: the 15 per cent regime for new manufacturing co-operative societies, and the absence of case law

  CBDT Circulars & Instructions · 2024 · s.115BAE, s.115BAE(1), s.115BAE(2), s.115BAE(3)

• Statutory position — s.115BBDA: the ten per cent charge on a resident shareholder receiving dividend above ten lakh rupees, and why it sat on top of DDT rather than instead of it

  CBDT Circulars & Instructions · 2020 · s.115BBDA, s.115BBDA(1), s.115BBDA(2), s.2(22)

• Statutory position — s.115C: the Chapter XII-A definitions, and the convertible-foreign-exchange condition that the whole chapter turns on

  CBDT Circulars & Instructions · 2021 · s.115C, s.115C(a), s.115C(b), s.115C(c)

• Statutory position — s.115D: no expenditure or allowance against investment income, no Chapter VI-A deduction, and the disapplication of the SECOND proviso to s.48 only

  CBDT Circulars & Instructions · 1993 · s.115D, s.115D(1), s.115D(2), s.115C

• Statutory position — s.115E: twenty per cent on investment income throughout, and long-term capital gains at ten per cent before 23 July 2024 and twelve and one-half per cent on or after it

  CBDT Circulars & Instructions · 2024 · s.115E, s.115C, s.115C(b), s.115D

• Statutory position — s.115F: the six-month rollover of net consideration into a specified asset, the proportionate formula where only part is reinvested, and the three-year lock-in

  CBDT Circulars & Instructions · 1989 · s.115F, s.115F(1), s.115F(2), s.115C

• Statutory position — s.115G: no return need be furnished where the only income is investment income or long-term capital gains and tax has been deducted at source

  CBDT Circulars & Instructions · 1983 · s.115G, s.115C, s.115D, s.115E

• Statutory position — s.115H: continuation of the Chapter XII-A benefit after the assessee becomes resident, and the two things it does not cover

  CBDT Circulars & Instructions · 1988 · s.115H, s.115C, s.115C(f), s.115D

• Statutory position — s.115JB(2): the two routes to book profit, and why a bank's or insurer's MAT computation is not made on the Schedule III footing

  CBDT Circulars & Instructions · s.115JB, s.115JB(2), s.115JB(2)(a), s.115JB(2)(b)

• Statutory position — s.115P interest at one per cent a month and s.115Q deeming the company an assessee in default on unpaid DDT

  CBDT Circulars & Instructions · 2020 · s.115P, s.115Q, s.115-O, s.115-O(3)

• Statutory position — s.115R, s.115S and s.115T: tax on income distributed by a mutual fund or UTI, the exemptions in the provisos to s.115R(2), and the deemed assessee in default

  CBDT Circulars & Instructions · 2020 · s.115R, s.115R(2), s.115R(2A), s.115R(3)

• Statutory position — s.115U: the venture capital pass-through, the bar on withholding in sub-section (4), and sub-section (6), which closed the Chapter for Category I and II AIFs from AY 2016-17

  CBDT Circulars & Instructions · 2016 · s.115U, s.115U(4), s.115U(5), s.115U(6)

• Statutory position — s.115UB(5) and (6) with Explanation 2: the AIF investor is taxed on income the fund never paid him, and is protected when it is finally paid

  CBDT Circulars & Instructions · s.115UB, s.115UB(4), s.115UB(5), s.115UB(6)

• Statutory position — s.12AB registration periods, the Finance Act 2025 ten-year proviso for small trusts, and the Finance (No. 2) Act 2024 power to condone a late application

  CBDT Circulars & Instructions · 2025 · s.12AB, s.12AB(1), s.12AB(2), s.12AB(3)

• Statutory position — s.139(4E) and s.139(4F): a business trust and an investment fund must file a return every year even when the pass-through leaves them nothing to be taxed on

  CBDT Circulars & Instructions · 2016 · s.139(4E), s.139(4F), s.139(1), s.115UA

• Statutory position — s.144BA(15) to (21) and the Explanation: who sits on the Approving Panel, the powers it borrows from the Advance Rulings Authority, and the two things that stop its six-month clock

  CBDT Circulars & Instructions · 2018 · s.144BA, s.144BA(9), s.144BA(13), s.144BA(14)

• Statutory position — s.153 Explanation 1(xi): the limitation clock stops from the day the GAAR reference reaches the Commissioner until his direction or the Panel's comes back, and then never leaves less than sixty days

  CBDT Circulars & Instructions · s.153, s.144BA, s.144BA(1), s.144BA(3)

• Statutory position — s.160: the five, and only five, classes of representative assessee, and what Explanations 1 and 2 do to an unwritten trust

  CBDT Circulars & Instructions · 2000 · s.160, s.160(1)(i), s.160(1)(ii), s.160(1)(iii)

• Statutory position — s.161(1) and (2): the representative assessee is taxed 'in like manner and to the same extent' as the person represented, and cannot be assessed under any other provision

  CBDT Circulars & Instructions · 2000 · s.161, s.161(1), s.161(1A), s.161(2)

• Statutory position — s.161(1A): one rupee of business profit in a private trust puts the WHOLE of the trust income at the maximum marginal rate, and only the will-trust proviso saves it

  CBDT Circulars & Instructions · 1985 · s.161(1A), s.161, s.161(1), s.160(1)(iv)

• Statutory position — s.162: the representative assessee's right to recover and to retain, and the Assessing Officer's certificate that caps his exposure

  CBDT Circulars & Instructions · 1988 · s.162, s.162(1), s.162(2), s.162(3)

• Statutory position — s.163: who may be treated as the agent of a non-resident, the broker proviso, and the s.163(2) hearing that cannot be skipped

  CBDT Circulars & Instructions · 2000 · s.163, s.163(1), s.163(2), s.160(1)(i)

• Statutory position — s.164: the maximum marginal rate where beneficiaries' shares are indeterminate, and every proviso that takes a trust out of it, in sequence

  CBDT Circulars & Instructions · 1989 · s.164, s.164(1), s.164(2), s.164(3)

• Statutory position — s.164A read with s.160(1)(v): an oral trust pays the maximum marginal rate on the whole of its income, with no proviso and only one way out

  CBDT Circulars & Instructions · 1981 · s.164A, s.160(1)(v), s.160, s.160(1)(iv)

• Statutory position — s.166 and s.167: the Department may assess the beneficiary direct, and s.167 is about remedies against property, NOT a bar on double taxation

  CBDT Circulars & Instructions · 1988 · s.166, s.167, s.161, s.161(2)

• Statutory position — s.167B: when an association of persons or body of individuals is charged at the maximum marginal rate, and when only part of its income is

  CBDT Circulars & Instructions · 1989 · s.167B, s.167B(1), s.167B(2), s.2(31)

• Statutory position — s.17(2)(vi): stage one of the employee share charge, the perquisite on exercise, and what a "specified security" and a "sweat equity share" are

  CBDT Circulars & Instructions · s.17(2)(vi), s.17(2), s.15, s.192

• Statutory position — s.17(3): what "profits in lieu of salary" includes, the exemption receipts it carves out, and the limb that catches money paid before employment begins or after it ends

  CBDT Circulars & Instructions · 2025 · s.17(3), s.17(3)(i), s.17(3)(ii), s.17(3)(iii)

• Statutory position — s.170(2A), in force from 1 April 2022: an assessment or proceeding made on the predecessor during the pendency of a succession is deemed to have been made on the successor

  CBDT Circulars & Instructions · 2022 · s.170(2A), s.170, s.170(1), s.170(2)

• Statutory position — s.170: the predecessor is assessed to the date of succession, s.170(2) where the predecessor cannot be found, and s.170(3) recovery of his tax from the successor

  CBDT Circulars & Instructions · 1988 · s.170, s.170(1), s.170(2), s.170(3)

• Statutory position — s.170A as substituted from 1 April 2023: the successor's modified return within six months of the month of the order, in Form ITR-A under rule 12AD, and what the Assessing Officer must then do

  CBDT Circulars & Instructions · 2023 · s.170A, s.170A(1), s.170A(2), s.170A(3)

• Statutory position — s.171(9): a partial partition effected after 31 December 1978 is not recognised, and the family goes on being assessed as if it had never happened

  CBDT Circulars & Instructions · 1980 · s.171(9), s.171(2), s.171(3), s.171

• Statutory position — s.171: the fiction that a family assessed as undivided continues until a finding of partition is recorded, the s.171(3) order, and what the Explanation means by "partition"

  CBDT Circulars & Instructions · 1962 · s.171, s.171(1), s.171(2), s.171(3)

• Statutory position — s.176: accelerated assessment on discontinuance, the fifteen-day notice in s.176(3), and the deeming of post-discontinuance receipts in s.176(3A) for a business and s.176(4) for a profession

  CBDT Circulars & Instructions · 1989 · s.176, s.176(1), s.176(2), s.176(3)

• Statutory position — s.177 and s.189: an association or firm that is dissolved or has discontinued is still assessed as if nothing had happened, every member or partner is jointly and severally liable, and the penalty power survives

  CBDT Circulars & Instructions · 2023 · s.177, s.177(1), s.177(2), s.177(3)

• Statutory position — s.178: the liquidator's thirty-day notice, the amount he must set aside, and his personal liability for the company's tax if he does not — and the Insolvency and Bankruptcy Code carve-out in s.178(6) from 1 November 2016

  CBDT Circulars & Instructions · 2016 · s.178, s.178(1), s.178(2), s.178(3)

• Statutory position — s.192(1C), s.191(2) and s.156(2): the eligible start-up ESOP deferral, its three triggers, the fourteen-day period, and the fact that it defers the employee's own tax too

  CBDT Circulars & Instructions · s.192(1C), s.191(2), s.156(2), s.192

• Statutory position — s.194-IA: the fifty lakh threshold, the multiple-transferor/transferee proviso from 1 October 2024, and the stamp duty value base from 1 April 2022

  CBDT Circulars & Instructions · 2024 · s.194-IA, s.194-IA(1), s.194-IA(2), s.194-IA(3)

• Statutory position — s.194-IB and s.194M: the once-a-year deduction on rent, the cap that operates only under s.206AA, the gateway that keeps most individuals out of s.194M, and why neither needs a TAN

  CBDT Circulars & Instructions · 2024 · s.194-IB, s.194-IB(1), s.194-IB(2), s.194-IB(3)

• Statutory position — s.194-IC: ten per cent on the cash consideration under a specified agreement, with no threshold at all, and the one section in this family that does not disapply s.203A

  CBDT Circulars & Instructions · 2017 · s.194-IC, s.194-IA, s.45(5A), s.203A

• Statutory position — s.194-O: the e-commerce operator's rate fell from one per cent to 0.1 per cent on 1 October 2024, and sub-section (3) shuts out every other TDS section

  CBDT Circulars & Instructions · 2024 · s.194-O, s.194-O(1), s.194-O(2), s.194-O(3)

• Statutory position — s.194-O: the e-commerce operator's rate fell to 0.1 per cent on 1 October 2024

  CBDT Circulars & Instructions · 2024 · s.194-O, s.194Q, s.206C(1H), s.194J

• Statutory position — s.194A(3)(v) and (viia): when a co-operative society or a co-operative bank must deduct tax on interest

  CBDT Circulars & Instructions · 2015 · s.194A(3)(v), s.194A(3)(viia), s.194A(3)(i), s.194A(1)

• Statutory position — s.194B: winnings from lottery, crossword puzzle, card games, gambling and betting, and the move to a per-transaction threshold

  CBDT Circulars & Instructions · 2025 · s.194B, s.194BA, s.115BB, s.115BBJ

• Statutory position — s.194BA: winnings from online games, net winnings, and where s.194B stops

  CBDT Circulars & Instructions · 2023 · s.194BA, s.194B, s.115BBJ, s.295

• Statutory position — s.194BB: winnings from a horse race, and who the deductor is

  CBDT Circulars & Instructions · 2025 · s.194BB, s.194B, s.115BB, s.74A

• Statutory position — s.194D: insurance commission, the threshold, and why the section states no rate

  CBDT Circulars & Instructions · 2010 · s.194D, s.194DA, s.194G, s.195

• Statutory position — s.194DA: payment under a life insurance policy, and the date the base changed from the gross sum to the income component

  CBDT Circulars & Instructions · 2024 · s.194DA, s.10(10D), s.194D

• Statutory position — s.194E with s.115BBA: withholding on payments to a non-resident sportsman, sports association or entertainer

  CBDT Circulars & Instructions · 2013 · s.194E, s.115BBA, s.115BB, s.139(1)

• Statutory position — s.194G: commission on the sale of lottery tickets, and the rate and threshold as they now stand

  CBDT Circulars & Instructions · 2025 · s.194G, s.197, s.194B

• Statutory position — s.194K: ten per cent on income in respect of mutual fund units, the ten thousand rupee threshold from 1 April 2025, and why capital gains on units are outside it

  CBDT Circulars & Instructions · 2025 · s.194K, s.10(23D), s.197, s.234C

• Statutory position — s.194LA: TDS on compensation for compulsory acquisition of immovable property, and the RFCTLARR s.96 carve-out

  CBDT Circulars & Instructions · 2025 · s.194LA, s.2(14)(iii), s.194-IA, s.194A

• Statutory position — s.194M and s.194-IB: the rate fell from five per cent to two per cent on 1 October 2024

  CBDT Circulars & Instructions · 2024 · s.194M, s.194-IB, s.203A, s.194C

• Statutory position — s.194N: the two and five per cent structure, the one crore, three crore and twenty lakh thresholds, and who is outside the section altogether

  CBDT Circulars & Instructions · 2023 · s.194N, s.139(1), s.197, s.203A

• Statutory position — s.194P: the specified senior citizen, the declaration, and relief from filing

  CBDT Circulars & Instructions · 2021 · s.194P, s.139, s.87A, s.115BAC

• Statutory position — s.2(13A): a "business trust" is a trust registered as an InvIT or a REIT, and since 1 April 2021 its units need not be listed

  CBDT Circulars & Instructions · 2021 · s.2(13A), s.115UA, s.10(23FC), s.10(23FCA)

• Statutory position — s.2(14)(iii): when agricultural land is NOT a capital asset, and the aerially measured distance test substituted by the Finance Act, 2013 with effect from 1 April 2014

  CBDT Circulars & Instructions · 2014 · s.2(14)(iii), s.2(14), s.45, s.2(1A)

• Statutory position — s.2(19AA): the seven conditions of a "demerger", the going-concern requirement, transfer at book value and the Indian Accounting Standards proviso

  CBDT Circulars & Instructions · 2020 · s.2(19AA), s.2(1B), s.45, s.47(vib)

• Statutory position — s.2(1A): the three limbs of "agricultural income", the two conditions a farm building must satisfy, and Explanations 1 to 4

  CBDT Circulars & Instructions · s.2(1A), s.10(1), s.2(14)(iii), s.45

• Statutory position — s.2(1B): the three conditions of an "amalgamation", and why a scheme sanctioned by a court or tribunal does not by itself produce one

  CBDT Circulars & Instructions · 2025 · s.2(1B), s.2(19AA), s.45, s.47

• Statutory position — s.206AB and s.206CCA omitted, and s.206C(1H) disapplied, from 1 April 2025

  CBDT Circulars & Instructions · 2025 · s.206AB, s.206CCA, s.206C(1H), s.206AA

• Statutory position — s.206C(1F): one per cent on a motor vehicle above ten lakh rupees, extended to other notified goods

  CBDT Circulars & Instructions · 2025 · s.206C(1F), s.206C, s.206CC, s.206C(6A)

• Statutory position — s.206C(1G): TCS on LRS remittances and overseas tour packages as the sub-section stands from 1 April 2025

  CBDT Circulars & Instructions · 2025 · s.206C(1G), s.206C, s.80E, s.10(20)

• Statutory position — s.206C(6A) first proviso, Form 27BA, and the two interest rates in s.206C(7) from 1 April 2025

  CBDT Circulars & Instructions · 2025 · s.206C(6A), s.206C(7), s.206C(1), s.206C(1C)

• Statutory position — s.206CC: the higher TCS rate where the collectee gives no PAN, and the twenty per cent cap

  CBDT Circulars & Instructions · 2023 · s.206CC, s.206C, s.206C(1A), s.206C(9)

• Statutory position — s.207(2): a resident individual of sixty or more with no business income is outside advance tax altogether

  CBDT Circulars & Instructions · 2012 · s.207, s.207(2), s.208, s.234B

• Statutory position — s.209(1)(d) and its proviso: credit against advance tax for tax deductible but not actually deducted

  CBDT Circulars & Instructions · 2012 · s.209, s.209(1)(d), s.208, s.210

• Statutory position — s.210(3) to (6): the Assessing Officer's order to pay advance tax, the assessee's own lower estimate in Form 28A, and s.218 default

  CBDT Circulars & Instructions · 2025 · s.210, s.210(3), s.210(4), s.210(5)

• Statutory position — s.211: the four advance tax instalments, and the single 15 March instalment for a s.44AD or s.44ADA presumptive assessee

  CBDT Circulars & Instructions · 2017 · s.211, s.211(1), s.211(2), s.44AD

• Statutory position — s.219: advance tax is a payment of tax for the year, and credit for it must be given in the regular assessment

  CBDT Circulars & Instructions · 2025 · s.219, s.211, s.207, s.208

• Statutory position — s.271H replaced s.272A(2)(k) for TDS and TCS statements from 1 July 2012

  CBDT Circulars & Instructions · 2012 · s.271H, s.271H(1), s.271H(2), s.271H(3)

• Statutory position — s.271J: the Rs 10,000 penalty on the accountant, merchant banker or registered valuer personally

  CBDT Circulars & Instructions · 2017 · s.271J, s.288(2), s.273B, s.274

• Statutory position — s.275 as substituted: penalty limitation now runs from the end of the QUARTER

  CBDT Circulars & Instructions · 2025 · s.275, s.274, s.274(2), s.246

• Statutory position — s.278AB immunity from prosecution where a settlement application has abated

  CBDT Circulars & Instructions · 2008 · s.278AB, s.245C, s.245HA, s.278AA

• Statutory position — s.35(1)(i): revenue expenditure on scientific research needs no approval and is allowed in full

  CBDT Circulars & Instructions · 2020 · s.35, s.35(1)(i), s.35(1)(iv), s.35(2)

• Statutory position — s.36(1)(viia): the provision for bad and doubtful debts, the percentage for each class of assessee, the separate rural-branch limb, and Rule 6ABA

  CBDT Circulars & Instructions · s.36(1)(viia), s.36(1)(viia)(a), s.36(1)(viia)(b), s.36(1)(viia)(c)

• Statutory position — s.36(1)(viii): the special reserve, the twenty per cent limit, the twice-the-paid-up-capital ceiling, and the s.41(4A) charge when the reserve is drawn down

  CBDT Circulars & Instructions · s.36(1)(viii), s.41(4A), s.80-IA, s.80-IA(4)

• Statutory position — s.43D: interest on a bad or doubtful debt of a bank, financial institution or NBFC is taxed on credit or receipt, not on accrual, and what Rules 6EA and 6EB prescribe

  CBDT Circulars & Instructions · s.43D, Rule 6EA, Rule 6EB, s.36(1)(vii)

• Statutory position — s.44 and the First Schedule: what the opening non-obstante words displace, Rule 2 for life insurance and Rule 5 for general insurance

  CBDT Circulars & Instructions · s.44, First Schedule, Rule 1 of the First Schedule, Rule 2 of the First Schedule

• Statutory position — s.44AA(2): who must keep books of account, and the thresholds

  CBDT Circulars & Instructions · 2018 · s.44AA, s.271A, s.44AD, s.44AE

• Statutory position — s.44AB, provisos to clause (a): the Rs 10 crore threshold and the 5 per cent cash test

  CBDT Circulars & Instructions · 2021 · s.44AB, s.44AD, s.44ADA, s.271B

• Statutory position — s.44AD(1) and (2): the eight and six per cent rates, the Rs 2 crore / Rs 3 crore ceiling, and the partner's-salary proviso that was omitted

  CBDT Circulars & Instructions · 2024 · s.44AD, s.44AD(1), s.44AD(2), s.44AB

• Statutory position — s.44AD(4) and s.44AD(5): the five-year lock-out, and why the books-and-audit duty bites only if total income exceeds the exemption limit

  CBDT Circulars & Instructions · 2017 · s.44AD, s.44AD(4), s.44AD(5), s.44AD(6)

• Statutory position — s.44ADA: fifty per cent, the Rs 50 lakh / Rs 75 lakh ceiling, and the audit condition in s.44ADA(4)

  CBDT Circulars & Instructions · 2024 · s.44ADA, s.44ADA(1), s.44ADA(4), s.44AA

• Statutory position — s.44AE: Rs 1,000 per tonne for a heavy goods vehicle from AY 2019-20, Rs 7,500 for every other goods carriage

  CBDT Circulars & Instructions · 2019 · s.44AE, s.44AA, s.44AA(2), s.44AB

• Statutory position — s.47(vi), (via), (vib), (vic), (vicc), (vid) and (vii): the amalgamation and demerger transfers that are not transfers, with the cost rules in s.49(2), (2C) and (2D)

  CBDT Circulars & Instructions · 2025 · s.47, s.47(vi), s.47(via), s.47(vib)

• Statutory position — s.47A: the four withdrawals of exemption, the year each is charged and in whose hands, and the amalgamation and demerger clauses it does not touch

  CBDT Circulars & Instructions · 2026 · s.47A, s.47A(1), s.47A(2), s.47A(3)

• Statutory position — s.49(2AA) and s.2(42A) Explanation 1(i)(hb): stage two of the employee share charge, the cost of acquisition on sale and the holding period that runs from allotment

  CBDT Circulars & Instructions · s.49(2AA), s.49(2AB), s.2(42A), s.17(2)(vi)

• Statutory position — s.57(iia): the family pension deduction, and the higher figure under s.115BAC from AY 2025-26

  CBDT Circulars & Instructions · 2025 · s.57(iia), s.57, s.56, s.115BAC

• Statutory position — s.58: what can never be deducted against income from other sources

  CBDT Circulars & Instructions · 1987 · s.58, s.58(1), s.58(4), s.57

• Statutory position — s.59: the s.41(1) deemed-income rule applied to income from other sources

  CBDT Circulars & Instructions · 1962 · s.59, s.41(1), s.56, s.57

• Statutory position — s.6(2) and s.6(6)(b): an HUF is resident unless control and management is situated WHOLLY outside India, and the not-ordinarily-resident test looks to the manager

  CBDT Circulars & Instructions · 1962 · s.6(2), s.6(6), s.6, s.6(1A)

• Statutory position — s.64(2): converting self-acquired property into HUF property does not move the income, and on a partition the spouse's share is clubbed too

  CBDT Circulars & Instructions · 1971 · s.64(2), s.64(1), s.64, s.10(2)

• Statutory position — s.72A(1) and s.72A(7)(aa): which amalgamations carry accumulated loss and unabsorbed depreciation across, and the closed definition of "industrial undertaking"

  CBDT Circulars & Instructions · 2025 · s.72A, s.72A(1), s.72A(7), s.72A(2)

• Statutory position — s.72A(2), s.72A(3) and Rule 9C: the five conditions, the fifty per cent production test, the Form No. 62 certificate and the year the set-off is taken back

  CBDT Circulars & Instructions · 2025 · s.72A, s.72A(2), s.72A(3), s.72A(1)

• Statutory position — s.72A(6B): inserted by the Finance Act, 2025 with effect from 1 April 2026, an inherited business loss runs only eight assessment years from the year it was first computed for the original predecessor entity, for any reorganisation effected on or after 1 April 2025

  CBDT Circulars & Instructions · 2026 · s.72A, s.72A(6B), s.72A(1), s.72A(6)

• Statutory position — s.80-IAC: the start-up deduction, the incorporation cut-off, and the s.80AC bar on a late return

  CBDT Circulars & Instructions · 2025 · s.80-IAC, s.80AC, s.80A(5), s.80-IA

• Statutory position — s.80CCD(1B) and s.80CCD(2): the fifty-thousand NPS deduction that does NOT survive s.115BAC(1A), the employer contribution that does, and the fourteen per cent proviso inserted by Act No. 15 of 2024

  CBDT Circulars & Instructions · 2025 · s.80CCD, s.80CCD(1), s.80CCD(1B), s.80CCD(2)

• Statutory position — s.80JJAA: thirty per cent of additional employee cost for three years, and every condition that defeats it

  CBDT Circulars & Instructions · 2020 · s.80JJAA, s.80JJAA(1), s.80JJAA(2), s.80AC

• Statutory position — s.80P(4): which bodies are shut out, and what the Banking Regulation Act 1949 actually defines

  CBDT Circulars & Instructions · 2007 · s.80P(4), s.80P, s.80P(1), s.80P(2)(a)(i)

• Statutory position — s.89 with Rule 21A and Rule 21AA: the five categories of relief on arrears, the proviso that forfeits relief where the s.10(10C) exemption has been claimed, and what Rule 21AA actually says about Form 10E

  CBDT Circulars & Instructions · 2010 · s.89, Rule 21A, Rule 21AA, Form 10E

• Statutory position — s.90(2A): the treaty does not save you from GAAR, because Chapter X-A applies "even if such provisions are not beneficial" to the assessee

  CBDT Circulars & Instructions · s.90, s.90(2), s.90(2A), s.90A

• Statutory position — s.90(4), s.90(5) and Rule 21AB: the TRC and Form 10F a non-resident must have before any treaty relief, and the Form 10FA route that is closed to him

  CBDT Circulars & Instructions · 2013 · s.90(4), s.90(5), s.90A(4), s.90A(5)

• Statutory position — s.95: the gateway into Chapter X-A, the years it reaches, and the Explanation that lets the department attack one STEP of an otherwise genuine transaction

  CBDT Circulars & Instructions · 2018 · s.95, s.95(1), s.95(2), s.96

• Statutory position — s.96: what makes an arrangement impermissible — the main-purpose test, the four tainted elements, and the s.96(2) presumption that shifts the burden onto you

  CBDT Circulars & Instructions · 2018 · s.96, s.96(1), s.96(2), s.95

• Statutory position — s.97: when an arrangement is DEEMED to lack commercial substance, what round trip financing means, and the three facts that s.97(4) says are never sufficient

  CBDT Circulars & Instructions · 2018 · s.97, s.97(1), s.97(2), s.97(3)

• Statutory position — section 10(38): the third proviso, Notification 43/2017 and the 1 April 2018 sunset

  CBDT Circulars & Instructions · 2017 · s.10(38), s.112A, s.55(2)(ac), s.47

• Statutory position — section 10(4D): what a specified fund in an IFSC is exempt on, and how much of it survives the non-resident test

  CBDT Circulars & Instructions · 2025 · s.10(4D), s.47(viiab), s.80LA(1A), s.6

• Statutory position — section 10(4E), (4F), (4G) and (4H): the derivatives, aircraft and ship leasing, portfolio and share-transfer exemptions for an IFSC

  CBDT Circulars & Instructions · 2025 · s.10(4E), s.10(4F), s.10(4G), s.10(4H)

• Statutory position — section 111A: short-term gains where STT is paid, and what happens where it is not

  CBDT Circulars & Instructions · 2024 · s.111A, s.112A, s.115AD, s.43(5)

• Statutory position — section 112A: the long-term rate and the exempt slice, before and after 23 July 2024

  CBDT Circulars & Instructions · 2024 · s.112A, s.111A, s.112, s.55(2)(ac)

• Statutory position — section 115BBH: thirty per cent, cost of acquisition only, and TWO separate loss bars

  CBDT Circulars & Instructions · 2023 · s.115BBH, s.2(47A), s.2(47)

• Statutory position — section 115TD: the exit tax on accreted income, and the Finance Act 2022 extension to a mere failure to re-apply in time

  CBDT Circulars & Instructions · 2023 · s.115TD, s.12AA, s.12AB, s.12A(1)(ac)

• Statutory position — section 115UA: what a REIT or InvIT passes through, what it pays at the maximum marginal rate, and the 2023 carve-out

  CBDT Circulars & Instructions · 2015 · s.115UA, s.115UA(3A), s.10(23FC), s.10(23FCA)

• Statutory position — section 115UB(2) and (2A): which AIF losses pass through to the unit holder and which stay with the fund

  CBDT Circulars & Instructions · 2020 · s.115UB, s.115UB(2), s.115UB(2A), s.10(23FBA)

• Statutory position — section 115UB: the Category I and II AIF pass-through, the charge on the fund's own income, and why a Category III AIF is outside the section

  CBDT Circulars & Instructions · 2016 · s.115UB, s.10(23FBA), s.10(23FBB), s.194LBB

• Statutory position — section 139(8A) and section 140B: the updated return, its five provisos, and the additional tax

  CBDT Circulars & Instructions · 2022 · s.139(8A), s.140B, s.115BBH, s.132

• Statutory position — section 139A(5), rule 114B and Form 60: where PAN must be quoted, and the section 272B penalty of ten thousand rupees for each default

  CBDT Circulars & Instructions · 2019 · s.139A, s.139A(5), s.139A(6), s.139A(6A)

• Statutory position — section 139AA(2) and rule 114AAA: what an inoperative PAN actually does, and the CBDT circulars that undo it

  CBDT Circulars & Instructions · 2023 · s.139AA, s.139AA(2), s.206AA, s.206CC

• Statutory position — section 158B: how the block period is built, and what "undisclosed income" now means

  CBDT Circulars & Instructions · 2024 · s.158B, s.158BA, s.158BE, s.132

• Statutory position — section 158BA(2) to (6): what abates on a search, what revives if the block order falls, and why the search year is assessed twice

  CBDT Circulars & Instructions · 2024 · s.158BA, s.158BC, s.158BB, s.92CA

• Statutory position — section 158BB: how the block figure is built, what is kept out of it, and why Abhisar Buildwell does not simply carry across

  CBDT Circulars & Instructions · 2024 · s.158BB, s.158BA, s.158BC, s.153A

• Statutory position — section 158BC: the sixty-day notice, the two approvals, and the traps that kill a block assessment

  CBDT Circulars & Instructions · 2024 · s.158BC, s.158BG, s.158BB, s.143(1)

• Statutory position — section 158BD: the person who was not searched, and the two things that have changed for him

  CBDT Circulars & Instructions · 2024 · s.158BD, s.158BC, s.158BA, s.158BE

• Statutory position — section 158BE: the block assessment is barred twelve months from the end of the QUARTER, not the month

  CBDT Circulars & Instructions · 2024 · s.158BE, s.158BC, s.158BD, s.158B

• Statutory position — section 172: the 7.5 per cent freight levy on a non-resident's ship, the master's return, the nine-month limit in s.172(4A), and the owner's election under s.172(7)

  CBDT Circulars & Instructions · 2007 · s.172, s.172(1), s.172(2), s.172(3)

• Statutory position — section 194LBA: the three withholding rates on a business trust distribution, and the section 115BAA switch in sub-section (2A)

  CBDT Circulars & Instructions · 2014 · s.194LBA, s.115UA, s.10(23FC), s.10(23FCA)

• Statutory position — section 194LBB: ten per cent for a resident, rates in force for a non-resident, and nothing on income not chargeable to tax

  CBDT Circulars & Instructions · 2015 · s.194LBB, s.115UB, s.10(23FBB), s.10(23FBA)

• Statutory position — section 194S: one per cent on payment for transfer of a VDA, from 1 July 2022

  CBDT Circulars & Instructions · 2022 · s.194S, s.2(47A), s.194-O, s.203A

• Statutory position — section 194T: from 1 April 2025 a firm must deduct 10 per cent on what it pays its own partners

  CBDT Circulars & Instructions · 2025 · s.194T, s.40(b), s.40(b)(v)

• Statutory position — section 2(42A): only two holding periods from 23 July 2024

  CBDT Circulars & Instructions · 2024 · s.2(42A), s.112A, s.111A, s.112

• Statutory position — section 2(47A): what is a virtual digital asset, and what the Government can take out of it

  CBDT Circulars & Instructions · 2022 · s.2(47A), s.115BBH, s.194S, s.285BAA

• Statutory position — section 206AA, sub-section (7) and rule 37BC: the twenty per cent rate, the five per cent provisos, and the non-resident's way out

  CBDT Circulars & Instructions · 2021 · s.206AA, s.206AA(7), s.194-O, s.194Q

• Statutory position — section 249: the fee, the thirty days, condonation, and the section 249(4) bar that must be cleared before the appeal is admitted

  CBDT Circulars & Instructions · 2023 · s.249, s.249(1), s.249(2), s.249(3)

• Statutory position — section 253: the appeal to the Tribunal is now due within two months from the END OF THE MONTH of communication, not sixty days

  CBDT Circulars & Instructions · 2024 · s.253, s.253(1), s.253(2), s.253(3)

• Statutory position — section 285BA, rule 114E and Form 61A: who must file the statement of financial transactions, and the section 271FA and 271FAA penalties

  CBDT Circulars & Instructions · 2023 · s.285BA, s.285BA(4), s.285BA(5), s.285BA(6)

• Statutory position — section 285BAA: the crypto-asset reporting entity's statement, and why section 115BBI is a different thing entirely

  CBDT Circulars & Instructions · 2026 · s.285BAA, s.2(47A), s.115BBI, s.285BA

• Statutory position — section 285BB and rule 114-I: what the Annual Information Statement is, and what it is not

  CBDT Circulars & Instructions · 2020 · s.285BB, s.285BA, s.285BA(4), s.285BA(6)

• Statutory position — section 40(b)(v): the working-partner remuneration ceiling, raised from AY 2025-26

  CBDT Circulars & Instructions · 2025 · s.40(b), s.40(b)(i), s.40(b)(ii), s.40(b)(iii)

• Statutory position — section 44B: the 7.5 per cent shipping presumption, and why clause (i) and clause (ii) of sub-section (2) are not symmetrical

  CBDT Circulars & Instructions · 1976 · s.44B, s.44B(1), s.44B(2), s.172

• Statutory position — section 44BBA: the 5 per cent presumption for a non-resident operating aircraft, and the lower-profit option it does not contain

  CBDT Circulars & Instructions · 1988 · s.44BBA, s.44BBA(1), s.44BBA(2), s.44B

• Statutory position — section 44BBB: the 10 per cent turnkey power presumption, the international-aid condition dropped in 2003, and the lower-profit claim in sub-section (2)

  CBDT Circulars & Instructions · 2004 · s.44BBB, s.44BBB(1), s.44BBB(2), s.44AA

• Statutory position — section 44DA: royalty and fees for technical services effectively connected with a permanent establishment, and the second proviso that shuts section 44BB out from 1 April 2011

  CBDT Circulars & Instructions · 2011 · s.44DA, s.44DA(1), s.44DA(2), s.44BB

• Statutory position — section 47(viiab): a non-resident's trade on a recognised exchange in an IFSC is not a transfer at all

  CBDT Circulars & Instructions · 2025 · s.47(viiab), s.45, s.115AC, s.43(5)

• Statutory position — section 47(viiac) and (viiad): relocating an offshore fund into an IFSC is not a transfer, if it is done by 31 March 2030

  CBDT Circulars & Instructions · 2025 · s.47(viiac), s.47(viiad), s.45, s.80LA(1A)

• Statutory position — section 47(xvii) with section 49(2AC): swapping SPV shares for business trust units is not a transfer, and the gain is deferred to the sale of the units

  CBDT Circulars & Instructions · 2015 · s.47(xvii), s.49(2AC), s.45, s.10(23FC)

• Statutory position — section 49(4): the amount charged under section 56(2)(x) becomes the cost of acquisition on a later sale

  CBDT Circulars & Instructions · 2017 · s.49(4), s.56(2)(x), s.56(2)(vii), s.56(2)(viia)

• Statutory position — section 55(2)(ac): the 31 January 2018 grandfathered cost, limb by limb

  CBDT Circulars & Instructions · 2018 · s.55(2)(ac), s.112A, s.48, s.2(42A)

• Statutory position — section 56(2)(viib) was NOT omitted: the Finance (No. 2) Act 2024 inserted a third proviso switching the clause off from 1 April 2025

  CBDT Circulars & Instructions · 2025 · s.56(2)(viib), s.270A, Rule 11UA

• Statutory position — section 56(2)(xii): a business trust distribution that is neither 10(23FC)/(23FCA) income nor taxed under 115UA(2) is taxable above the issue price from 1 April 2024

  CBDT Circulars & Instructions · 2024 · s.56(2)(xii), s.115UA, s.115UA(3A), s.10(23FC)

• Statutory position — section 79: which version of the change-in-shareholding bar applies to your year

  CBDT Circulars & Instructions · 2020 · s.79, s.79(1), s.79(2), s.79(3)

• Statutory position — section 79A: no set-off against undisclosed income found in a search, requisition or survey, from AY 2022-23

  CBDT Circulars & Instructions · 2022 · s.79A, s.115BBE, s.115BBE(2), s.68

• Statutory position — section 80AC and section 115JC: a late return destroys the section 80LA claim, and AMT still bites at nine per cent

  CBDT Circulars & Instructions · 2018 · s.80AC, s.115JC, s.115JC(2), s.115JC(4)

• Statutory position — section 80LA: a unit in an IFSC gets one hundred per cent for ten consecutive years out of fifteen, at its option

  CBDT Circulars & Instructions · 2025 · s.80LA, s.80LA(1), s.80LA(1A), s.80LA(2)

• Statutory position — section 94A: the consequences of dealing with a person located in a notified jurisdictional area, and whether any area is notified today

  CBDT Circulars & Instructions · 2011 · s.94A, s.94A(1), s.94A(2), s.94A(3)

• Statutory position — section 98 and Rule 10UA: what the department may actually do once an arrangement is declared impermissible

  CBDT Circulars & Instructions · 2018 · s.98, s.98(1), s.98(2), s.95

• Statutory position — section 99, section 97(3) and section 102: connected persons and the accommodating party, and how they are collapsed into one taxpayer

  CBDT Circulars & Instructions · 2018 · s.99, s.97, s.97(3), s.102

• Statutory position — section 9A(4) and rule 10V: who counts as an eligible fund manager, and the minimum fee the fund must pay him

  CBDT Circulars & Instructions · 2025 · s.9A, s.9A(3), s.9A(4), s.9A(9)

• Statutory position — section 9A(5) and rule 10VB: the fund's annual statement in Form 3CEK, due ninety days after the financial year

  CBDT Circulars & Instructions · 2025 · s.9A, s.9A(5), Rule 10VB, Rule 10V

• Statutory position — section 9A(8A): the conditions can be switched off for a fund manager located in an IFSC, if he commenced operations by 31 March 2030

  CBDT Circulars & Instructions · 2025 · s.9A, s.9A(8A), s.9A(3), s.9A(4)

• Statutory position — section 9A: an offshore fund managed from India has no business connection here, but only if every condition in section 9A(3) is met

  CBDT Circulars & Instructions · 2025 · s.9A, s.9A(1), s.9A(2), s.9A(3)

• Statutory position — section 9B: the firm is deemed to transfer, at fair market value, whatever a partner takes out

  CBDT Circulars & Instructions · 2021 · s.9B, s.45(4), s.48(iii), s.2(47)

• Statutory position — sections 10(2A) and 28(v): the share of profit is exempt, the remuneration and interest are not

  CBDT Circulars & Instructions · 1993 · s.10(2A), s.28(v), s.40(b), s.184

• Statutory position — sections 100 and 101: Chapter X-A applies in addition to or in lieu of any other basis, and only in accordance with prescribed guidelines

  CBDT Circulars & Instructions · 2018 · s.100, s.101, s.95, s.96

• Statutory position — sections 115TCA and 194LBC: the securitisation trust pass-through, and the flat ten per cent withholding from 1 April 2025

  CBDT Circulars & Instructions · 2025 · s.115TCA, s.194LBC, s.10(23DA), s.201

• Statutory position — sections 184 and 185: what a firm loses when it is not assessed as a firm

  CBDT Circulars & Instructions · 2004 · s.184, s.184(1), s.184(2), s.184(3)

• Statutory position — sections 187, 188, 188A and 189: one assessment on the firm or two

  CBDT Circulars & Instructions · 1993 · s.187, s.187(1), s.187(2), s.188

• Statutory position — ss.207(1) and 208: who has to pay advance tax at all, and the ten thousand rupee threshold

  CBDT Circulars & Instructions · 2025 · s.207, s.207(1), s.208, s.209

• Statutory position — ss.215, 216 and 217: the advance tax interest scheme that ran before s.234B and s.234C, and the s.215(4) waiver power

  CBDT Circulars & Instructions · 2025 · s.215, s.215(4), s.215(5), s.215(6)

• Statutory position — the block charge: sixty per cent under section 113, interest at one and a half per cent, and a flat fifty per cent penalty under section 158BFA(2)

  CBDT Circulars & Instructions · 2024 · s.113, s.158BFA, s.158BC, s.158BA

• Statutory position — the capital-loss asymmetry: sections 70(2), 70(3) and 74(1) from AY 2003-04

  CBDT Circulars & Instructions · 2003 · s.70, s.70(2), s.70(3), s.74

• Statutory position — the Explanation to s.10AA(1): the SEZ deduction is capped at total income, and a late return kills it

  CBDT Circulars & Instructions · 2018 · s.10AA, s.10AA(1), s.80A(5), s.80AC

• Statutory position — the Finance (No. 2) Act 2024 buy-back regime: s.2(22)(f) deemed dividend from 1 October 2024

  CBDT Circulars & Instructions · 2024 · s.2(22)(f), s.2(22), s.115QA, s.10(34A)

• Statutory position — the Finance Act 2018 answer to Chamber of Tax Consultants: s.36(1)(xviii), s.40A(13), s.43AA, s.43CB, s.145A and s.145B

  CBDT Circulars & Instructions · 2017 · s.36(1)(xviii), s.40A(13), s.43AA, s.43CB

• Statutory position — the first proviso to s.234C(1): no interest for a shortfall caused by capital gains, casual income, first-year business income or dividend income

  CBDT Circulars & Instructions · 2021 · s.234C, s.234C(1), s.234C(1)(b), s.2(24)(ix)

• Statutory position — the GAAR procedure: section 144BA, Rules 10UB and 10UC, and the Approving Panel whose direction binds both sides

  CBDT Circulars & Instructions · 2018 · s.144BA, s.144BA(1), s.144BA(2), s.144BA(4)

• Statutory position — the inadequate-consideration margin in section 56(2)(x)(b): none before AY 2019-20, five per cent from AY 2019-20, ten per cent from AY 2021-22

  CBDT Circulars & Instructions · 2021 · s.56(2)(x), s.56(2)(x)(b), s.50C, s.43CA

• Statutory position — the meaning of 'scrap' in the Explanation to s.206C, and the s.206C(1) table as it stands from 1 April 2025

  CBDT Circulars & Instructions · 2025 · s.206C, s.206C(1), s.206C(1A), s.288(2)

• Statutory position — the proviso to s.36(1)(vii), s.36(2)(v) and Explanation 2: how a bank's bad-debt write-off is set against the s.36(1)(viia) provision account

  CBDT Circulars & Instructions · s.36(1)(vii), s.36(1)(viia), s.36(2), s.36(2)(v)

• Statutory position — the proviso to s.57: only interest, capped at twenty per cent of the dividend, from AY 2021-22

  CBDT Circulars & Instructions · 2021 · s.57, s.57(i), s.56, s.2(22)(f)

• Statutory position — the s.35(2AB) and s.35(2AA) weighting: two hundred, then one hundred and fifty, then one hundred per cent

  CBDT Circulars & Instructions · 2018 · s.35, s.35(2AB), s.35(2AA), s.35(2)(iv)

• Statutory position — the substituted section 45(4): the firm is taxed on what a partner takes out above his capital account

  CBDT Circulars & Instructions · 2021 · s.45(4), s.9B, s.48, s.48(iii)

• Statutory position — what the ICDS actually govern: s.145(2), s.145(3) and the preamble limits

  CBDT Circulars & Instructions · 2016 · s.145, s.145(1), s.145(2), s.145(3)

• Statutory position — which regime governs a search: the four dating windows and the revived Chapter XIV-B from 1 September 2024

  CBDT Circulars & Instructions · 2024 · s.158BA, s.158B, s.158BH, s.158BI