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    <title>Income-tax (Eighth Amendment) Rules, 2023 - Exemption to buyers of PSU shares during selloff under strategic disinvestment</title>
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    <description>Rule 11UAC is amended by substituting clause (4) to specify that movable property consisting of equity shares of a public sector company or a company received by a person from a public sector company or the Central or any State Government under strategic disinvestment falls within the rule&#039;s scope, with &quot;strategic disinvestment&quot; having the meaning assigned in the Explanation to clause (d) of sub-section (1) of section 72A; the amendment is effective from 1 April 2023 and applies to assessment year 2023-2024 onward.</description>
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      <description>Rule 11UAC is amended by substituting clause (4) to specify that movable property consisting of equity shares of a public sector company or a company received by a person from a public sector company or the Central or any State Government under strategic disinvestment falls within the rule&#039;s scope, with &quot;strategic disinvestment&quot; having the meaning assigned in the Explanation to clause (d) of sub-section (1) of section 72A; the amendment is effective from 1 April 2023 and applies to assessment year 2023-2024 onward.</description>
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