Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>New Income-Tax Rules Amend Investment and Exempt Income Calculations; Introduce Form 10BBD for Electronic Reporting Compliance.</h1> The Income-tax Amendment (Thirteenth Amendment) Rules, 2022, effective from May 6, 2022, amends the Income-tax Rules, 1962. The amendments focus on the computation of minimum investment and exempt income under clause (23FE) of section 10 of the Income-tax Act, 1961. The rules outline the calculation methods for investments and exempt income related to Alternative Investment Funds, domestic companies, and non-banking financial companies. The notification also introduces Form 10BBD for reporting eligible investments and mandates electronic submission. The rules specify procedures for secure data handling and verification, ensuring compliance with the amended provisions.