https://www.taxtmi.com/article/detailed?id=17498 Section 533 confers broad Board rule-making power, subject to Central Government control, for implementing the Income-tax Act, 2025. It covers income determination, non-resident and composite income, perquisites, depreciation, anti-avoidance rules, taxpayer identification, electronic returns, reports, appeals, refunds, interest, foreign-tax relief, and prescribed procedures. Retrospective rules may operate only from the Act's commencement and cannot prejudicially affect assessees unless expressly or necessarily implied. The analysis identifies possible disputes over whether the specifically worded depreciation power supports rules for intangible assets or depreciation based on actual cost. en-us Thu, 01 Oct 2026 07:41:17 +0530 Thu, 01 Oct 2026 07:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17498 Section 533 confers broad Board rule-making power, subject to Central Government control, for implementing the Income-tax Act, 2025. It covers income determination, non-resident and composite income, perquisites, depreciation, anti-avoidance rules, taxpayer identification, electronic returns, reports, appeals, refunds, interest, foreign-tax relief, and prescribed procedures. Retrospective rules may operate only from the Act's commencement and cannot prejudicially affect assessees unless expressly or necessarily implied. The analysis identifies possible disputes over whether the specifically worded depreciation power supports rules for intangible assets or depreciation based on actual cost. Articles Income Tax Thu, 01 Oct 2026 07:41:17 +0530 https://www.taxtmi.com/article/detailed?id=17498