This book is a comprehensive, updated, and annotated text of the Income-tax Rules, 1962, incorporating all amendments. It includes 25+ allied rules, schemes, and return forms for the Assessment Year 2025-26.

This book is intended for the following audience:

Tax Professionals & Chartered Accountants – A ready reference to the latest Income-tax rules, return forms, allied schemes, and compliance pointers

Corporate & In-house Legal/Tax Teams – Streamlined guidance on newly amended procedures, faceless schemes, e-Verification, and other e-governance provisions

Government Officials & Policy Framers – Authoritative text of the amended rules, vital for administrative clarity and policy-making

Academics & Researchers – Thorough analysis of legislative evolution for higher studies and research into Indian direct taxes

The Present Publication is the 62nd Edition | 2025, and all available amendments notified up to the Income-tax (Fifth Amendment) Rules, 2025, have been incorporated. This book is edited/authored by Taxmann's Editorial Board, with the following noteworthy features:

[Complete & Updated] Covers the amended, updated, and annotated text of the Income-tax Rules, 1962, including the latest amendments made by the Fifth Amendment Rules, 2025

[25+ Allied Rules, Schemes & Return Forms] Consolidates all rules/schemes relevant to direct tax law (e.g., STT, CTT, ICDS, Benami Rules, Faceless Schemes, etc.) Includes new & revised return forms for AY 2025-26

[Comprehensive Guide to Amendments (2024–25)] Details every insertion, substitution, omission, or modification in the Income-tax Rules, ensuring no compliance gaps

[Annotated & Cross-referenced] Editorial notes, relevant judicial rulings, circulars, and references to the Income-tax Act for in-depth understanding

[Zero-error Approach] Six Sigma methodology ensures minimal typographical or cross-referencing errors

The coverage of the book is as follows:

Income-tax Rules, 1962

Full, amended text with footnotes linking allied laws, notifications, and relevant case laws

Allied Rules & Schemes

Income Computation and Disclosure Standards (ICDS)

Faceless Assessment/Appeal/Penalty Schemes

Securities Transaction Tax Rules, Commodities Transaction Tax Rules, Equalisation Levy Rules

Benami Property Transaction Rules

Centralised Verification & Processing Schemes

e-Verification, e-Dispute Resolution, e-Advance Rulings, etc.

Return Forms for AY 2025-26

ITR forms (ITR-1 to ITR-7, ITR-U, etc.), with instructions for e-filing and relevant action points

Noteworthy Judgments & CBDT Circulars

Summaries of landmark judicial decisions interpreting rule nuances.

Key circulars clarifying departmental approach

Supporting Provisions & Appendices

Additional chapters covering obligations under TDS/TCS rules, statements, and compliance procedures

The structure of the book is as follows:

Part I | Core Income-tax Rules – Full rule text, editorial commentary, references

Part II | Amendment Guide – In-depth coverage of each 2024-25 change to rules/forms

Part III | Allied Rules & Schemes – Faceless frameworks, e-Assessments, STT/CTT, Equalisation Levy, etc.

Part IV | Return Forms & Filing – All AY 2025-26 forms with instructions & filing workflow

Part V | Indices & Tables – Subject index, rule-to-form mapping, cross-provisions index for quick look-ups