Investment Allowance, Prescribed authority
Rule 5AA of Income Tax Rules 1962 defines prescribed authority
for Investment Allowance Income Tax Act.
Provisions in Income Tax Rules 1962 related to Rule 5AA is as
under:
Prescribed authority for investment allowance.
5AA. For the purposes of sub-section (2B) of section 32A, the
"prescribed authority" shall be the Secretary, Department of
94[Scientific and Industrial Research], Government of India.
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