Product Details The Present Publication is the 50th Edition that incorporates all changes made by the Finance Act, 2020 & Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 and Income-tax (12th Amendment) Rules, 2020 with the following noteworthy features: • Taxmann's series of Bestseller Books for more than Five Decades • Follows the six-sigma approach, to achieve the benchmark of 'zero error' • Published in three volumes: a. Volume 1: Income-tax Act as amended by the Finance Act, 2020 & Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020. It also contains other allied Acts. b. Volume 2: Income-tax Rules as amended up to Income-tax (12th Amendment) Rules, 2020. It also contains other allied Rules c. Volume 3: It includes the following – i. All schemes relevant under the Income-tax Act, 1961 ii. Words and phrases as defined by various Courts and Tribunals iii. The gist of all Circulars and Notifications which are in force iv. Digest of all landmark rulings by the Apex Court, High Courts & Tribunals v. Specimen, models, and drafts of deeds, letters such as indemnity bond, reply to notices, etc.

2. PAGE
TAXMANN’S
DIRECT TAXES MANUAL
VOLUME 1

3. PAGE

5. © Taxmann
Price : ` 5895 (For a set of Three Volumes)
Law stated in this book is as amended by the Finance Act, 2020, the
Taxation Laws (Amendment) Act, 2019, the Taxation and Other Laws
(Relaxation of Certain Provisions) Ordinance, 2020 and updated till
25th May, 2020
Published by :
Taxmann Publications (P.) Ltd.
Sales & Marketing :
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Phone : +91-11-45562222
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Village Rohad, Distt. Jhajjar (Haryana) India
E-mail : sales@tanprints.com
Disclaimer
Every effort has been made to avoid errors or omissions in this publication. In spite
of this, errors may creep in. Any mistake, error or discrepancy noted may be brought
to our notice which shall be taken care of in the next edition. It is notified that
neither the publisher nor the author or seller will be responsible for any damage or
loss of action to any one, of any kind, in any manner, therefrom. It is suggested that
to avoid any doubt the reader should cross-check all the facts, law and contents of
the publication with original Government publication or notifications.
No part of this book may be reproduced or copied in any form or by any means
[graphic, electronic or mechanical, including photocopying, recording, taping, or
information retrieval systems] or reproduced on any disc, tape, perforated media
or other information storage device, etc., without the written permission of the
publishers. Breach of this condition is liable for legal action.
For binding mistake, misprints or for missing pages, etc., the publisher’s liability is
limited to replacement within seven days of purchase by similar edition. All
expenses in this connection are to be borne by the purchaser.
All disputes are subject to Delhi jurisdiction only.

6. PAGE
u Recent announcements relating to various provisions of the Income-tax
Act vii
u New procedure for registration, approval, etc., of certain entities deferred
to 1st October, 2020 xiii
u Guide to Taxation and Other Laws (Relaxation of Certain Provisions)
Ordinance, 2020 xv
1
INCOME-TAX ACT, 1961
u Arrangement of Sections I-3
u Text of the Income-tax Act, 1961 as amended by the Finance Act,
2020, Taxation Laws (Amendment) Act, 2019 and Taxation and
Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 1.1
u Appendix : Text of remaining provisions of Allied Acts and SEBI
Circulars and Regulations referred to in Income-tax Act 1.1391
u Subject Index 1.1481
2
FINANCE ACT, 2020 & OTHER AMENDING ACTS
u Text of the Finance Act, 2020 2.9
u Text of the Taxation Laws (Amendment) Act, 2019 2.105
u Text of the Taxation and Other Laws (Relaxation of Certain
Provisions) Ordinance, 2020 2.117
3
DIRECT TAX VIVAD SE VISHWAS ACT, 2020 &
DIRECT TAX VIVAD SE VISHWAS RULES, 2020
u Arrangement of Sections 3.3
u Text of Direct Tax Vivad se Vishwas Act, 2020 3.5
u Text of Direct Tax Vivad se Vishwas Rules, 2020 3.14
u ‘Designated Authorities’ under the ‘Direct Tax Vivad se Vishwas Act, 2020’ 3.68
u Clarifications on provisions of Direct Tax Vivad se Vishwas Act, 2020 3.72
u Procedure for making declaration in Form 1 under sub-rule (1)
of rule 3 and furnishing undertaking in Form 2 under sub-rule
(2) of rule 3 under the Direct Tax Vivad se Vishwas Rules, 2020 3.87
4
PROHIBITION OF BENAMI PROPERTY
TRANSACTIONS ACT, 1988
u Arrangement of Sections 4.3
u Text of the Prohibition of Benami Property Transactions Act,
1988 as amended by the Finance Act, 2020 4.7
v
PAGE
CONTENTS

7. PAGE
CONTENTS vi
5
SECURITIES TRANSACTION TAX
u Arrangement of Sections 5.3
u Text of the Securities Transaction Tax as amended upto date 5.5
6
COMMODITIES TRANSACTION TAX
u Arrangement of Sections 6.3
u Text of the Commodities Transaction Tax as amended by the
Finance Act, 2020 6.5
7
EQUALISATION LEVY
u Arrangement of Sections 7.3
u Text of the Equalisation Levy as amended by the Finance Act, 2020 7.5
8
BLACK MONEY ACT
u Arrangement of Sections 8.3
u Text of Black Money (Undisclosed Foreign Income and Assets)
and Imposition of Tax Act, 2015 as amended upto date 8.7
u Text of Black Money (Undisclosed Foreign Income and Assets)
and Imposition of Tax Rules, 2015 8.44
9
PREVENTION OF MONEY LAUNDERING ACT
u Arrangement of Sections 9.3
u Text of the Prevention of Money Laundering Act, 2002 as amended
upto date 9.7
10
NATIONAL TAX TRIBUNAL ACT, 2005
u Arrangement of Sections 10.3
u Text of the National Tax Tribunal Act, 2005 10.5
PAGE

9. TAXMANN’S
DIRECT TAXES MANUAL
VOLUME 2

11. © Taxmann
Price : ` 5895 (For a set of Three Volumes)
All available amendments notified upto
IT (Seventh Amdt.) Rules, 2020 have been incorporated
Published by :
Taxmann Publications (P.) Ltd.
Sales & Marketing :
59/32, New Rohtak Road, New Delhi-110 005 India
Phone : +91-11-45562222
Website : www.taxmann.com
E-mail : sales@taxmann.com
Regd. Office :
21/35, West Punjabi Bagh, New Delhi-110 026 India
Printed at :
Tan Prints (India) Pvt. Ltd.
44 Km. Mile Stone, National Highway, Rohtak Road
Village Rohad, Distt. Jhajjar (Haryana) India
E-mail : sales@tanprints.com
Disclaimer
Every effort has been made to avoid errors or omissions in this publication. In spite
of this, errors may creep in. Any mistake, error or discrepancy noted may be brought
to our notice which shall be taken care of in the next edition. It is notified that
neither the publisher nor the author or seller will be responsible for any damage or
loss of action to any one, of any kind, in any manner, therefrom. It is suggested that
to avoid any doubt the reader should cross-check all the facts, law and contents of
the publication with original Government publication or notifications.
No part of this book may be reproduced or copied in any form or by any means
[graphic, electronic or mechanical, including photocopying, recording, taping, or
information retrieval systems] or reproduced on any disc, tape, perforated media
or other information storage device, etc., without the written permission of the
publishers. Breach of this condition is liable for legal action.
For binding mistake, misprints or for missing pages, etc., the publisher’s liability is
limited to replacement within seven days of purchase by similar edition. All
expenses in this connection are to be borne by the purchaser.
All disputes are subject to Delhi jurisdiction only.

12. CONTENTS
DIVISION ONE 1
Income-tax Rules, 1962
N Arrangement of Rules I-1
N List of e-Forms I-41
N List of Redundant Forms I-47
N Text of the Income-tax Rules, 1962 as amended upto date 1.1
N Appendix
G Text of provisions of Allied Laws referred to in Income-tax Rules 1.1272
N Subject Index 1.1299
DIVISION TWO 2
Income Computation and Disclosure Standard
N Text of the Income Computation and Disclosure Standards 2.3
DIVISION THREE 3
Income-tax (Appellate Tribunal) Rules, 1963
N Arrangement of Rules 3.1
N Text of the Income-tax (Appellate Tribunal) Rules, 1963 3.3
N Text of the Standing Order under Income-tax (Appellate Tribunal)
Rules, 1963 3.22
N Other Notifications and Instructions 3.27
N Text of the Income-tax Appellate Tribunal Members (Recruitment and
Conditions of Service) Rules, 1963 3.47
N Subject Index 3.55
v
PAGE

13. CONTENTS vi
PAGE
DIVISION FOUR 4
Certificate Proceedings Rules, 1962
N Arrangement of Rules 4.1
N Text of the Income-tax (Certificate Proceedings) Rules, 1962 4.5
N Subject Index 4.57
DIVISION FIVE 5
Commodities Transaction Tax Rules, 2013
N Arrangement of Rules 5.1
N Text of the Commodities Transaction Tax Rules, 2013 5.3
DIVISION SIX 6
Securities Transaction Tax Rules, 2004
N Arrangement of Rules 6.1
N Text of the Securities Transaction Tax Rules, 2004 6.3
DIVISION SEVEN 7
Authority for Advance Rulings (Procedure) Rules, 1996
N Arrangement of Rules 7.1
N Text of the Authority for Advance Rulings (Procedure) Rules, 1996 7.3
DIVISION EIGHT 8
Prohibition of Benami Property Transactions Rules, 2016
N Arrangement of Rules 8.1
N Text of the Prohibition of Benami Property Transactions Rules, 2016
as amended upto date 8.3
DIVISION NINE 9
Equalisation Levy Rules, 2016
N Arrangement of Rules 9.1
N Text of the Equalisation Levy Rules, 2016 9.3

14. DIVISION TEN 10
Income-tax Settlement Commission (Procedure) Rules, 1997
N Arrangement of Rules 10.1
N Text of the Income-tax Settlement Commission (Procedure)
Rules, 1997 10.3
N Subject Index 10.11
DIVISION ELEVEN 11
Capital Gains Accounts Scheme, 1988
N Arrangement of Paragraphs 11.1
N Text of the Capital Gains Accounts Scheme, 1988 11.3
DIVISION TWELVE 12
Electoral Trusts Scheme, 2013
N Arrangement of Paragraphs 12.1
N Text of the Electoral Trusts Scheme, 2013 12.3
DIVISION THIRTEEN 13
Income-tax (Dispute Resolution Panel) Rules, 2009
N Arrangement of Rules 13.1
N Text of the Income-tax (Dispute Resolution Panel) Rules, 2009 13.3
DIVISION FOURTEEN 14
Reduction or Waiver of Interest under section 234A/
234B/234C
N CBDT’s Instructions for waiver or reduction of interest 14.3
DIVISION FIFTEEN 15
Delay in Filing Refund Claim
N Condonation of delay in filing refund claim and claim of carry
forward of losses under section 119(2)(b) of the Income-tax Act 15.3
vii CONTENTS
PAGE

15. DIVISION SIXTEEN 16
Bank Term Deposit Scheme, 2006
N Arrangement of Paragraphs 16.1
N Text of the Bank Term Deposit Scheme, 2006 16.3
DIVISION SEVENTEEN 17
Reverse Mortgage Scheme, 2008
N Arrangement of Paragraphs 17.1
N Text of the Reverse Mortgage Scheme, 2008 17.3
DIVISION EIGHTEEN 18
Centralised Verification Scheme, 2019
N Arrangement of Paragraphs 18.1
N Text of the Centralised Verification Scheme, 2019 18.3
DIVISION NINTEEN 19
E-assessment Scheme, 2019
N Arrangement of Paragraphs 19.1
N Text of the E-assessment Scheme, 2019 19.3
N Notifications 19.13
DIVISION TWENTY 20
Sukanya Samriddhi Account Scheme, 2019
N Arrangement of Paragraphs 20.1
N Text of the Sukanya Samriddhi Account Scheme, 2019 20.3
PAGE
CONTENTS viii

16. PAGE
ix CONTENTS
DIVISION TWENTY-ONE 21
Senior Citizens’ Savings Scheme, 2019
N Arrangement of Paragraphs 21.1
N Text of the Senior Citizens’ Savings Scheme, 2019 21.3
DIVISION TWENTY-TWO 22
Kisan Vikas Patra Scheme, 2019
N Arrangement of Paragraphs 22.1
N Text of the Kisan Vikas Patra Scheme, 2019 22.3
DIVISION TWENTY-THREE 23
Public Provident Fund Scheme, 2019
N Arrangement of Paragraphs 23.1
N Text of the Public Provident Fund Scheme, 2019 23.3
DIVISION TWENTY-FOUR 24
National Savings Certificates (VIII Issue) Scheme, 2019
N Arrangement of Paragraphs 24.1
N Text of the National Savings Certificates (VIII Issue) Scheme, 2019 24.3
DIVISION TWENTY-FIVE 25
Tax Return Preparer Scheme, 2006
N Arrangement of Paragraphs 25.1
N Text of the Tax Return Preparer Scheme, 2006 25.3

17. CONTENTS x
PAGE
DIVISION TWENTY-SIX 26
Site Restoration Fund Scheme, 1999
N Arrangement of Paragraphs 26.1
N Text of the Site Restoration Fund Scheme, 1999 26.3

19. PAGE
CONTENTS
TAXMANN’S
DIRECT TAXES MANUAL
VOLUME 3

21. PAGE
CONTENTS
© Taxmann
Price : ` 5895 (For a set of Three Volumes)
Law stated in this book is as amended upto 1st March, 2020
Published by :
Taxmann Publications (P.) Ltd.
Sales & Marketing :
59/32, New Rohtak Road, New Delhi-110 005 India
Phone : +91-11-45562222
Website : www.taxmann.com
E-mail : sales@taxmann.com
Regd. Office :
21/35, West Punjabi Bagh, New Delhi-110 026 India
Printed at :
Tan Prints (India) Pvt. Ltd.
44 Km. Mile Stone, National Highway, Rohtak Road
Village Rohad, Distt. Jhajjar (Haryana) India
E-mail : sales@tanprints.com
Disclaimer
Every effort has been made to avoid errors or omissions in this publication. In spite
of this, errors may creep in. Any mistake, error or discrepancy noted may be brought
to our notice which shall be taken care of in the next edition. It is notified that
neither the publisher nor the author or seller will be responsible for any damage or
loss of action to any one, of any kind, in any manner, therefrom. It is suggested that
to avoid any doubt the reader should cross-check all the facts, law and contents of
the publication with original Government publication or notifications.
No part of this book may be reproduced or copied in any form or by any means
[graphic, electronic or mechanical, including photocopying, recording, taping, or
information retrieval systems] or reproduced on any disc, tape, perforated media
or other information storage device, etc., without the written permission of the
publishers. Breach of this condition is liable for legal action.
For binding mistake, misprints or for missing pages, etc., the publisher’s liability is
limited to replacement within seven days of purchase by similar edition. All
expenses in this connection are to be borne by the purchaser.
All disputes are subject to Delhi jurisdiction only.

22. PAGE
CONTENTS
PAGE
I-5
CONTENTS
1
SCHEMES
u Income Tax Informants Rewards Scheme, 2018 1.3
u Hospitalisation and Domiciliary Hospitalisation Benefit
Policy 1.22
u Settlement Commission (Income-tax and Wealth-tax) (Recruit-
ment and Conditions of Service of Chairman, Vice-Chairmen and
Members) Rules, 2015 1.29
u Income-tax Welfare Fund Rules, 2007 1.33
u Guidelines for Providing Training by Shipping Companies for
Tonnage Tax Scheme under Chapter XII-G of Income-tax Act 1.36
u Equity Linked Savings Scheme, 2005 1.41
u Income Tax Ombudsman Guidelines, 2010 1.44
u Authority for Advance Rulings (Procedure for Appointment as
Chairman and Vice-Chairman) Rules, 2016 1.51
u Electoral Bond Scheme, 2018 1.54
u Prohibition of Benami Property Transactions (Conditions of Ser-
vices of Members of Adjudicating Authority) Rules, 2019 1.61
u Tribunals : Conditions of Service of Chairperson and Members of
Tribunals, Appellate Tribunals and other Authorities 1.66

23. PAGE
CONTENTS I-6
2
WORDS & PHRASES
u Section key to Words and Phrases judicially defined under
Income-tax Act 2.i
u Alphabetical key to Words and Phrases judicially defined
under Income-tax Act 2.v
u Words & Phrases 2.3
3
CIRCULARS, CLARIFICATIONS & NOTIFICATIONS
[1961 - FEBRUARY 2020]
u Section key to Circulars, Clarifications & Notifications issued
by CBDT [1961 - February 2020] 3.i
u Alphabetical key to Circulars, Clarifications & Notifications
issued by CBDT [1961 - February 2020] 3.v
u Circulars, Clarifications & Notifications [1961 - February 2020] 3.3
4
CASE LAWS [1922 - FEBRUARY 2020]
u Section key to Landmark Rulings of Supreme Court/
High Courts [1922 - February 2020] 4.i
u Alphabetical key to Landmark Rulings of Supreme
Court/High Courts [1922 - February 2020] 4.v
u Case Laws [1922 - February 2020] 4.3
5
MODELS AND DRAFTS
u Partnership deed 5.3

24. PAGE
CONTENTS
u Specimen of dissolution deed of partnership firm 5.6
u Specimen deed of dissolution of HUF 5.8
u Gift deed 5.10
u Will 5.11
u Lease Deed 5.13
u Indemnity Bond-I 5.15
u Indemnity Bond-II 5.16
u Specimen affidavit 5.17
u Specimen letter of communication with previous
auditor 5.18
u Power of attorney 5.19
u Letter to AO submitting details called for at the regular
hearing 5.20
u Intimation to AO regarding discontinuance of business 5.22
u Letter to AO requesting transfer of file to another AO 5.23
u Letter to AO regarding issue of fresh refund order in
place of outdated one 5.24
u Letter to AO regarding giving of appeal effect 5.25
u Letter to AO requesting adjournment of hearing 5.26
u Application to AO requesting stay of demand 5.27
u Letter to AO regarding setting off of tax payable against
refund due 5.28
u Reply to notice under section 221(1) 5.29
u Specimen affidavit under rule 10 of the Income-tax
(Appellate Tribunal) Rules 5.30
u Specimen application to Appellate Tribunal for admission
of delayed appeal 5.31
u Specimen application for rectification of mistake 5.33
u Specimen application for revision under section 264 5.34
u Specimen application for exercise of option under
clause (2) of the Explanation to section 11(1) 5.35
u Draft Letter of Appointment 5.36
I-7