Income-tax Rules, 2026 | Rule 5 of 333

Rule 5 - Application and notification procedure for recognised stock exchange

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Source and status control

Primary authority: Notification No. 22/2026 / G.S.R. 198(E)

Local legal-text status: LOCAL_EXTRACT_EXTERNAL_OFFICIAL_SOURCE_CONTROLS

Currentness control: Base Rules effective 1 April 2026. Check later amendments, corrigenda and portal implementation before action.

Local statutory extract - official source controls

Rule text held in the production corpus

5. Procedure for notification of a recognised stock exchange for the purposes of section 2(92).– (1) An application for notification of a stock exchange as a recognised stock exchange for the purposes of section 2(92) may be made to the Member (Income Tax), Central Board of Direct Taxes, New Delhi. (2) The application referred to in sub-rule (1) shall be accompanied with the following documents,:- (a) approval granted by the Securities and Exchange Board of India for trading in derivatives; (b) up-to-date rules, bye-laws and trading regulations of the stock exchange; (c) confirmation regarding fulfilling the conditions referred to in clause (b) to (f) of rule 4; and (d) such other information as the stock exchange may like to place before the Central Government. (3) The Central Government may call for such other information from the applicant as it deems necessary for taking a decision on the application. (4) The Central Government, after examining the information furnished by the stock exchange under sub-rule (2) or sub-rule (3), shall notify the stock exchange as a recognised stock exchange for the purposes of section 2(92) or issue an order rejecting the application before the expiry of six months from the end of the month in which the application is received. (5) The notification referred to in sub-rule (4) shall be effective until the approval granted by the Securities and Exchange Board of India is withdrawn or expires, or the said notification is rescinded by the Central Government.

Local extract SHA-256: 09a12c2d7f8de67008b6115af93d6bb46529efa82de652bcce02d696d64153a9. This hash authenticates the local extract only; it does not certify that every amendment, table or Gazette footnote has been consolidated.

Rule map

Related sections

2(92)

Related Forms

No Form link identified in the current crosswalk.

Finin2min implementation framework

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Evidence and control

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Consequence

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Transaction application

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Authority, consent and execution

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Evidence and retention checklist

Retain source data, approvals, computations, correspondence, filing acknowledgement, payment record, amended filing history and the version of the governing instrument used.

Limitation, forum and remedies

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Cross-law overlays

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Finin2min Q&A

Is this page the notified Rule?

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Effective date, amendment history, forms or utilities, filing channel, authentication method, due date, fees, transition from the 1962 Rules and any judicial interpretation.