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of <h1>Finance Bill 2021 amends Finance Act 2016, updates sections 163, 164, 165A, 191 on e-commerce and taxation.</h1> Clause 159 of the Finance Bill, 2021 proposes amendments to the Finance Act, 2016, specifically sections 163, 164, 165A, and 191. It introduces a proviso to section 163(3) clarifying that consideration for specified services and e-commerce services excludes amounts taxable as royalties or technical fees under the Income-tax Act. Section 164's definition of e-commerce activities now includes various online transactions. Section 165A is amended to include all consideration from e-commerce, regardless of ownership or facilitation. Section 191 is revised to allow refunds of excess tax paid under the Income Declaration Scheme without interest, effective from June 1, 2016. These changes are effective retroactively from April 1, 2020.
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