https://www.taxtmi.com/acts?id=40638 Amendments to Section 56 widen regulatory coverage to include instruments regulated under the International Financial Services Centres Authority Act, introduce COVID-19 specific exemptions for medical treatment reimbursements and death-related payments to family members (subject to conditions, timeliness, and monetary limits), add a proviso excluding certain prior provisos where recipients fall within the charitable-recipient provision, and substitute the Explanation to harmonize key terms and expressly include virtual digital asset within the definition of "property." en-us Mon, 28 Mar 2022 13:13:29 +0530 Sat, 02 Apr 2022 10:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40638 Amendments to Section 56 widen regulatory coverage to include instruments regulated under the International Financial Services Centres Authority Act, introduce COVID-19 specific exemptions for medical treatment reimbursements and death-related payments to family members (subject to conditions, timeliness, and monetary limits), add a proviso excluding certain prior provisos where recipients fall within the charitable-recipient provision, and substitute the Explanation to harmonize key terms and expressly include virtual digital asset within the definition of "property." Act-Rules F. Acts / Amendment Acts Mon, 28 Mar 2022 13:13:29 +0530 https://www.taxtmi.com/acts?id=40638