Description
Taxmann Publications Supplement To Master Guide To Income Tax Act by Taxmann
Covering Commentary on 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 Master-Guide to Income-tax Act provides all amended and newly inserted Sections along with commentary.
This book incorporates the following:
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); and
Reduced rates of surcharge on dividend income in case of FPIs.