Sr. No. | Section No. | Applicable From | Description |
1. | Section 2(13A) | Assessment Year 202 1-22 | No requirement of listing of units of business trust on stock exchange |
2. | Section 2(42A) | Assessment Year 2020-21 | Rationalization of provisions in respect of segregated portfolios of MF’s |
3. | Section 6 | Assessment Year 2021-22 | Rationalisation of provisions relating to residential status |
4. | Section 9 | Assessment Year 2022-23 | Provision to tax income arising due to Significant Economic Presence in India is deferred |
5. | Section 9 | Assessment Year 2021-22 | Advertisement Income generated by targeting Indian customers shall be taxable in India |
6. | Section 9 | Assessment Year 2020-21 | Consequential amendments due to substitution of SEBI (FPI) Regulations |
7. | Section 9 | Assessment Year 202 1-22 | Income from sale, distribution or exhibition of cinematographic films is taxable in case of non-resident |
8. | Section 9A | Assessment Year 2020-21 | Modification in conditions for offshore funds |
9. | Section 10(23C) | 01.06.2020 | Rationalization of provisions relating to Charitable and Religious trusts |
10. | Section 10(23D) | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
11. | Section 10(23FC) | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
12. | Section 10(23FD) | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
13. | Section 10(23FE) | Assessment Year 202 1-22 | Exemption toa wholly-owned subsidiary of ADIA and Sovereign Wealth Fund |
14. | Section 10(34) | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
15. | Section 10(35) | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
16. | Section 10(45) | Assessment Year 2021-22 | Withdrawal of Exemption for UPSC Chairman and CEC |
17. | Section 10(48C) | Assessment Year 2021-22 | Exemption to Indian Strategic Petroleum Reserves Limited |
18. | Section 10A | Assessment Year 2020-21 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
19. | Section 11 | 01-06-2020 | Rationalization of provisions relating to charitable or religious trust |
20. | Section 12A | 01-06-2020 | Rationalization of provisions relating to charitable or religious trust |
21. | Section 12AA | 01-06-2020 | Rationalization of provisions relating to charitable or religious trust |
22. | Section 12AB | 01-06-2020 | Procedure for fresh registration of charitable or religious trust |
23. | Section 17 | Assessment Year 2021-22 | Rationalization of tax treatment of employer’s contribution |
24. | Section 32AB | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
25. | Section 33AB | Assessment Year 2020-2 1 | Consequential amendment due to de linking of due date for filing of tax audit report from due date for filing of return |
26. | Section 33ABA | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
27. | Section 35 | 01-06-2020 | Rationalization of provisions relating to scientific research institutes |
28. | Section 35AD | Assessment Year 2020-21 | Rationalization of provisions of Section 35AD |
29. | Section 35D | Assessment Year 2020-21 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
30. | Section 35E | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
31. | Section 43 | Assessment Year 2020-21 | Trading in commodities derivatives |
32. | Section 43CA | Assessment Year 2021-22 | Safe harbor limit of 5% increased to 10% in case of sale of immovable property |
33. | Section 44AB | Assessment Year 2020-2 1 | Threshold limit for tax audit increased to Rs. 5 crore |
34. | Section 44DA | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
35. | Section 49 | Assessment Year 2020-21 | Rationalisation of provisions in respect of segregated portfolios of MF’s |
36. | Section 50B | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
37. | Section 50C | Assessment Year 2021-22 | Safe harbour limit of 5% increased to 10% in case of sale of immovable property |
38. | Section 55 | Assessment Year 2021-22 | Fair market value of land or building purchased before 01-4-2001 |
39. | Section 56 | Assessment Year 2021-22 | Safe harbour limit of 5% increased to 10% in case of sale of immovable property |
40. | Section 56 | 01-06-2020 | Rationalization of provisions relating to charitable or religious trust |
41. | Section 57 | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
42. | Section 72AA | Assessment Year 2020-21 | Scope of allowing carry forward of losses or depredation in certain amalgamations has been widened |
43. | Section 80EEA | Assessment Year 2021-22 | Extension of time limit for sanctioning the loan for deduction under Section 8OEEA |
44. | Section 80G | 01-06-2020 | Various restrictions introduced for institutions registered, or applying for registration, under section 80G |
45. | Section 80GGA | 01-06-2020 | Restrictions on deduction under section 80GGA |
46. | Section 80-lA | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
47. | Section 80-JAC | Assessment Year 2021-22 | Turnover limit to claim deduction under Section 80-IAC has been increased |
48. | 80-lB | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
49. | 80-IBA | Assessment Year 202 1-22 | Extension of period of approval under section 80-IBA |
50. | 80JJAA | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
51. | 80M | Assessment Year 202 1-22 | Consequential amendment due to abolition of dividend distribution tax |
52. | Section 90/90A | Assessment Year 2021-22 | Agreement with foreign countries to curb practices like ‘Treaty Shopping’ |
53. | Section 92CB | Assessment Year 2020-21 | Attribution of profits to PE to be within the scope of Safe Harbour Rules and Advance Pricing Agreement |
54. | Section 92CC | Assessment Year 2020-21 | Attribution of profits to PE to be within the scope of Safe Harbour Rules and Advance Pricing Agreement |
55. | Section 92F | Assessment Year 2020-21 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
56. | Section 94B | Assessment Year 2021-22 | Relaxation to Banking Cos. from provisions of thin capitalization |
57. | Section 115A | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
58. | Section 115A | Assessment Year 2021-22 | Non-residents are not required to File ITR in respect of Income from Royalty and FTS |
59. | Section 115AC | Assessment Year 202 1-22 | Consequential amendment due to abolition of dividend distribution tax |
60. | Section 115ACA | Assessment Year 202 1-22 | Consequential amendment due to abolition of dividend distribution tax |
61. | Section 115AD | Assessment Year 202 1-22 | Consequential amendment due to abolition of dividend distribution tax |
62. | Section I15BAA | Assessment Year 2020-21 | Modification of concessional tax schemes |
63 | Section I15BAB | Assessment Year 2020-21 | Modification of concessional tax schemes |
64. | Section 115BAC | Assessment Year 2021-22 | New tax regime for individual and HUF |
65. | Section 115BAD | Assessment Year 2021-22 | New tax regime for co-operative society |
66. | Section 115BBDA | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
67. | Section 115C | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
68. | Section 115JB | Assessment Year 2020-21 | Consequential amendment due to delinking of due date for tiling of tax audit report from due date for filing of return |
69. | Section 115JC | Assessment Year 2020-2 1 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
70. | Section 115JC | Assessment Year 2021-22 | Non-applicability of AMT provisions If new tax regime of Sections 115BAC and 115BAD is opted |
71. | Section 115JD | Assessment Year 2021-22 | Forfeiture of AMT credit if new tax regime ofSectlonsllsBACandll5BADisopted |
72. | Section 115-0 | Assessment Year 202 1-22 | Consequential amendment due to abolition of dividend distribution tax |
73. | Section 115R | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
74. | Section 115TD | 01-06-2020 | Rationalization of provisions relating to Charitable and Religious trusts |
75. | Section 115UA | Assessment Year 2021-22 | Consequential amendment due to abolition of dividend distribution tax |
76. | Section 115VW | Assessment Year 2020-21 | Consequential amendment due to delinking of due date for filing of tax audit report from due date for filing of return |
77. | Section 119A | Assessment Year 2020-21 | Introduction of taxpayer’s charter |
78. | Section 133A | Assessment Year 2020-21 | Approval of CIT/Director is required to conduct Survey u/s 133A |
79. | Section 139 | Assessment Year 2020-21 | Due date of filing of return |
80. | Section 140 | Assessment Year 2020-2 1 | More persons authorised to verify the Income-tax return of a Co. and LIP |
81. | Section 140A | Assessment Year 2020-21 | No withholding tax at the time of exercising ESOP by an employee of the eligible Start-ups |
82. | Section 143 | Assessment Year 2020-21 | e-Assessment scheme to cover best Judgment assessments |
83. | Section 144C | Assessment Year 2020-21 | Reference to Dispute Resolution Panel (DRP) |
84. | Section 156 | Assessment Year 2020-21 | No withholding tax at the time of exercising ESOP by an employee of the eligible Start-ups |
85. | Section 191 | Assessment Year 2020-21 | No withholding tax at the time of exercising ESOP by an employee of the eligible Start-ups |
86. | Section 192 | 01.04.2020 | No withholding tax at the time of exercising ESOP by an employee of the eligible Start-ups |
87. | Section 194 | 01.04.2020 | TDS provisions applicable on distribution of dividend or income on units |
88. | Section 194A | 01.04.2020 | Turnover limit for purpose of deduction of tax has been defined specifically |
89. | Section 194A | 01.04.2020 | Certain Co-operative society to withhold tax from payment of interest |
90. | Section 194C | 01.04.2020 | Turnover limit for purpose of deduction of tax has been defined specifically |
91. | Section 194C | 01.04.2020 | Amendment in definition of ‘work’ under section 194C |
92. | Section 194H | 01.04.2020 | Turnover limit for purpose of deduction of tax has been defined specifically |
93. | Section 194-I | 01.04.2020 | Turnover limit for purpose of deduction of tax has been defined specifically |
94. | Section 194J | 01.04.2020 | Turnover limit for purpose of deduction of tax has been defined specifically |
95. | Section 194J | 01.04.2020 | Fees for Technical Services shall be subject to 2% withholding tax under Section 194] |
96. | Section 194K | 01.04.2020 | TDS provisions applicable on distribution of dividend or income on units |
97. | Section 194LBA | 01.042020 | TDS provisions applicable on distribution of dividend or income on units |
98. | Section 194LC | 01.04.2020 | Concessional tax rate under Section 194LC extended by 3 years |
99. | Section 194W | 01.04.2020 | Concessional tax rate under Section 194W extended by 3 years |
100. | Section 194-O | 01.04.2020 | e-Commerce operators to deduct tax from proceeds payable to participants |
101. | Section 195 | 01.04.2020 | TDS provisions applicable on distribution of dividend or income on units |
102. | Section 196A | 01.04.2020 | TDS provisions applicable on distribution of dividend or income on units |
103. | Section 196C | 01.04.2020 | TDS provisions applicable on distribution of dividend or income on units |
104. | Section 196D | 01.04.2020 | TDS provisions applicable on distribution of dividend or income on units |
105. | Section 197 | 01.04.2020 | e-Commerce operators to deduct tax from proceeds payable to participants |
106. | Section 203AA | 01.06.2020 | Scope of Form 26AS widened |
107. | Section 204 | 01.04.2020 | e-Commerce operators to deduct tax from proceeds payable to participants |
108. | Section 206AA | 01.04.2020 | e-Commerce operators to deduct tax from proceeds payable to participants |
109. | Section 206C | 01.04.2020 | Scope of TCS expanded |
110. | Section 234G | 01.06.2020 | Consequences of default In submission of statement/certificate prescribed under section 35/Section 80G |
111. | Section 250 | Assessment Year 2020-21 | Faceless Appeal is proposed up to CIT(A) |
112. | Section 253 | 01.06.2020 | Rationalization of provisions relating to Charitable and Religious trusts |
113. | Section 254 | Assessment Year 2020-2 1 | No stay to be granted by the ITAT unless 20% of the disputed tax Is deposited |
114. | Section 271AAD | Assessment Year 2020-21 | Penalty for ‘false entry’ in the books of account |
115. | Section 271K | 01.06.2020 | Consequences of default In submission of statement/certificate prescribed under section 35/Section 80G |
116. | Section 274 | Assessment Year 2020-2 1 | New e-penalty scheme Is proposed to be notified |
117. | Section 285BB | 01.06.2020 | Scope of Form 26AS widened |
118. | Section 288 | Assessment Year 2020-21 | Insolvency Professionals can act as ‘authorized representative’ |
119. | Section 295 | Assessment Year 2021-22 | CBDT to make rules for income computation of non-residents from operations carried out in India |