Taxmann's Income Tax Act with Supplement

The Present Publication is the 65th Edition, with the following noteworthy features:


• Taxmann’s Bestseller Book for more than Five-Decades


• Follows the Six Sigma Approach to achieve the Benchmark of ‘Zero Error’


• Amended Provisions as per the following:


𝚘 The Finance Act, 2020


𝚘 The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020


• Legislative History of Amendments, since 1961


• Relevant provisions of all other allied laws referred to in the Income-tax Act


• Specially curated 'Guide to Amendments'


• Comprehensive Table of Contents


• Relevant Section Numbers are printed in Folios for Quick Navigation





Supplement to Income-tax Act


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 Income-tax Act 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