Guidelines for approval under Section 10(23C)(iv) and (iv) of
Income Tax Act
Rule 2C of Income Tax Rules 1962 defines Guidelines for approval
under Section 10(23C) of Income Tax Act.
Provisions in Income Tax Rules 1962 related to Rule 2C is as
under:
Guidelines for approval under sub-clauses (iv) and (v) of clause
(23C) of section 10.
2C. (1) The prescribed authority under sub-clauses (iv) and (v)
of clause (23C) of section 10 shall be the Chief Commissioner or
Director General, to whom the application shall be made as
provided in sub-rule (2).
(2) The application to be furnished under sub-clauses (iv) and
(v) of clause (23C) of section 10 by a fund, trust or
institution shall be in Form No. 56.
Explanation.-For the purposes of this rule, "Chief Commissioner
or Director General" means the Chief Commissioner or Director
General whom the Central Board of Direct Taxes may, authorise to
act as prescribed authority56 for the purposes of sub-clause
(iv) or sub-clause (v) of clause (23C) of section 10 in relation
to any fund or trust or institution.
Rule 1 of Income Tax Rule 1962 - Short Title and Commencement
Rule 2 of Income Tax Rule 1962 - Definitions of Income Tax Rules
Rule 2A Limits for the Purposes of Salary income Income Tax Rules 1962
Rule 3 Valuation of Perquisites to employees and Tax on Perquisites: Rule 3 of Income Tax Rules 1962
Rule 4 Unrealized rent of Income from House Property: Rule 4 of Income Tax Rules 1962
Rule 5AA Prescribed authority for Investment Allowance: Rule 5AA of Income Tax Rules 1962