Description
Taxmann Publications Supplement To Direct Taxes Manual by Taxmann
As amended by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions ) Act 2020
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020, has inserted or amended 39 Sections of the Income-tax Act, 1961. This supplement to Direct Taxes Manual (for Volume 1) provides all amended and newly inserted Sections. These amendments are relating to:
· Change in the due dates of various compliances
· Reduction in the rates of TDS/TCS
· Clarifications regarding amended provisions of residential status
· Faceless proceedings
· Restoration and deferment of certain provisions relating to trusts
· Exemptions and deductions
· Taxation of Alternative Investment Funds (AIFs)
· Reduced rates of surcharge on dividend income in case of FPIs