https://www.taxtmi.com/acts?id=40484 Amendments to section 56 expand the definition of specified fund in clause (viib) to include Category I and Category II Alternative Investment Funds regulated under the International Financial Services Centres Authority Act, 2019, effective from April 1, 2023. The proviso to clause (x) adds exclusions for sums reimbursing COVID-19 medical treatment and for payments to family members of persons who died of COVID-19 (subject to conditions, timing and a monetary ceiling), deemed effective from April 1, 2020. The Explanation to clause (x) is revised to include virtual digital asset within the meaning of "property." en-us Tue, 01 Feb 2022 14:51:51 +0530 Tue, 01 Feb 2022 14:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40484 Amendments to section 56 expand the definition of specified fund in clause (viib) to include Category I and Category II Alternative Investment Funds regulated under the International Financial Services Centres Authority Act, 2019, effective from April 1, 2023. The proviso to clause (x) adds exclusions for sums reimbursing COVID-19 medical treatment and for payments to family members of persons who died of COVID-19 (subject to conditions, timing and a monetary ceiling), deemed effective from April 1, 2020. The Explanation to clause (x) is revised to include virtual digital asset within the meaning of "property." Act-Rules Bills Tue, 01 Feb 2022 14:51:51 +0530 https://www.taxtmi.com/acts?id=40484