Description
Taxmann Publications Income Tax Act As Amended by Finance Act 2022 by Taxmann
This book covers the Amended, Updated & Annotated text of the Income-tax Act, Finance Act 2022 & Taxation Laws (Amendment) Act, 2021.
The recent changes in the Income-tax Act, 1961 are as follows:
[Insertion] of 10+ new sections
[Important New Sections] include:
Taxation of Virtual Digital Asset (VDA)
TDS u/s 194S on the transfer of VDAs
TDS u/s 194R on Benefits or Perquisites
Updated Returns
Tax relief for COVID related compensation received from employers & well-wishers
[Amendments] in 70+ sections
[Important Amendments] include:
New provisions for Faceless Assessment & Reassessment
Changes in surcharge rate on long-term capital gain, AOPs & co-operative societies
Change in provisions relating to the taxation of charitable trust and institutions
Filing of application before AO to get the refund of tax deducted from the payment made to non-resident
Increase in the scope of reporting obligation cast on producers of cinematograph films
The Present Publication is the 67th Edition and amended by the Finance Act 2022 & the Taxation Laws (Amendment) Act, 2021. This book is authored by Taxmann's Editorial Board, with the following noteworthy features:
[Coverage] of this book includes:
Division One – Income-tax Act, 1961
Arrangement of Sections
Text of the Income-tax Act, 1961 as amended by the Finance Act, 2022 and Taxation Laws (Amendment) Act, 2021
Appendix: Text of provisions of Allied Acts/Circulars/Regulations referred to in Income-tax Act
Validation Provisions
Subject Index
Division Two – Finance Act, 2022 and Taxation Laws (Amendment) Act, 2021
[Annotations] under each section shows:
Relevant Rules & Forms
Relevant Circulars & Notifications
Date of enforcement of provisions
Allied Laws referred to in the section
[Legislative History of Amendments] since 1961
Comprehensive Table of Contents
[Quick Navigation] Relevant section numbers are printed in folios for quick navigation
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