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<h1>Income Tax Bill, 2025: Clause 533 empowers rule-making on income classes, deductions, electronic filing, and more.</h1> Clause 533 of the Income Tax Bill, 2025, empowers the Board, under the Central Government's control, to make rules for implementing the Act. These rules may address various matters, including determining income classes, procedures for income calculation, depreciation rates, and conditions for rent deductions. They also cover electronic filing requirements, audit reports, international tax relief, application processes, refund procedures, and interest calculations. The rules can prescribe methods for estimating taxable income when exact determination is impractical and may have retrospective effect, provided they do not adversely affect taxpayers' interests.