Income-tax Rules, 2026 | Rule 285 of 333

Rule 285 - Relocation capital gains Operative rule

Reviewed by CA Nikhil Gupta · Last reviewed 30 August 2026

Local extract available Legacy mapping: Not recorded

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285Rule number

1641Local text characters

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Use the Capital Gains Exemption Calculator — Sections 54, 54F and 54EC to apply these points to your figures.

Source and status control

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

For the connected rule or filing step, see Filed ITR-1 but Later Found Capital Gains: How to Correct AY 2026–27.

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

For the connected rule or filing step, see Capital Gains Tax Calculator — LTCG & STCG India.

Local statutory extract - official source controls

Rule text held in the production corpus

Slump sale accountant report form. 285. (1) For Schedule VI [Table: Sl. No. 10], capital-gains income of a specified fund attributable to units held by a non-resident (not being a permanent establishment of a non-resident in India) is computed, where the fund files Form No. 178 under sub-rule (2), as (A x B)/C, where A = capital-gains income from transfer of shares of an Indian-resident company received by the fund (as resultant fund) on relocation from the original fund or its wholly-owned SPV, where such gains would not have been chargeable but for the relocation; B = aggregate daily assets under management held by non-resident unit holders from acquisition to transfer of the share; and C = aggregate daily total assets under management over the same period. Where Form No. 178 is not filed, the exempt income is nil. (2) The specified fund shall furnish an annual statement of exempt income in Form No. 178 electronically under digital signature by the due date. (3) The fund shall have that annual statement certified by an accountant (as defined in section 515(3)(b)) before the specified date, with the accountant furnishing the certificate in Form No. 179 electronically under digital signature. (4) For this rule, "assets under management" means the closing balance of the fund's asset/investment value on a given date; "due date" has the meaning in section 263(1)(c); "original fund," "relocation," "resultant fund," "securities," "specified fund" and "unit" have the meanings assigned in Schedule VI; "permanent establishment" has the meaning in section 173(c); and "specified date" means one month before the due date.

Local extract SHA-256: 9ee2571941a820969b17c161d3cb08ae419c84182d27fde7b063ab6a529ee0cb. This hash authenticates the local extract only; it does not certify that every amendment, table or Gazette footnote has been consolidated.

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Official starting point: www.incometaxindia.gov.in