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of <h1>Rule 26B: Submit Non-Salary Income Details for Tax Deductions with Form 12BAA; Verification Required by Notification 112/2024.</h1> Rule 26B of the Income Tax Rules, 1962, allows an assessee to submit a statement detailing income under heads other than 'Salaries' for tax deduction purposes. This includes income received in the same financial year, tax deducted or collected at source under specific provisions, and any loss from house property. These details are submitted in Form No. 12BAA to the person responsible for payment under section 192. The provision was updated by Notification No. 112/2024 to include a verification form for the statement, ensuring accuracy and compliance with tax deduction requirements.
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