Mint

Income Tax: What is Rule 132 and how does it affect the taxpayers?

Income tax is a form of direct tax that the central government levies on the income that both individuals and businesses generate within a fiscal year. To calculate the exact amount of tax that needs ...
The Financial Express

Explained: What is Rule 132 under Income Tax and why is it important for taxpayers?

The Central Board of Direct Taxes (CBDT) has introduced Rule 132, which came into effect on October 1, 2022. Rule 132, deals with the re-computation of income under sub-section 18 of section 155 of ...
JD Supra

USPTO Releases Guidance on Rule 132 Declarations

The U.S. Patent and Trademark Office (USPTO) has released new training materials on “Declaration practice under 37 CFR 1.132 (Rule 132).” The materials were developed under a collaboration initiative ...
JD Supra

Establishing Unexpected Results: PTAB Highlights Pitfalls For Rule 132 Declarations

Lisa Silverman Ph.D., Qiwen Zhong Ph.D. A recent decision by the Patent Trial and Appeal Board (PTAB) sheds light on certain pitfalls patent applicants may encounter when submitting declarations under ...
Mint

Explained: What is Rule 132 of Income Tax and how it is important for taxpayers?

The Central Board of Direct Taxes (CBDT) has amended the Income Tax Act to include Rule 132. The re-computation of income under sub-Section 18 of Section 155 of the Income Tax Act, 1961, is addressed ...