Inclusion of insurance companies: statutory amendment expressly extends the scope of sections 100 and 101 retrospectively to prior tax period. The amendment inserts insurance company into the scope of the identified tax provisions by adding 'or insurance company' after 'Mutual Fund' in section 100 and makes corresponding changes to section 101 so both sections apply to insurance companies; the amendment is retrospective to 1 February 2021, extending statutory coverage and compliance obligations to insurance companies for the retrospective period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inclusion of insurance companies: statutory amendment expressly extends the scope of sections 100 and 101 retrospectively to prior tax period.
The amendment inserts insurance company into the scope of the identified tax provisions by adding "or insurance company" after "Mutual Fund" in section 100 and makes corresponding changes to section 101 so both sections apply to insurance companies; the amendment is retrospective to 1 February 2021, extending statutory coverage and compliance obligations to insurance companies for the retrospective period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
