Tag: Finance Act
New tax provision for digital assets
The Finance Act 2022 has inserted a new section in the Income-tax Act, 1961, under which a person responsible for paying to any resident for the transfer of a virtual digital assets (VDAs) will be able to deduct 1% of the paid amount from his or her income tax
Court acts on reassessments
Supreme Court Justices MR Shah and BV Nagarathna passed a slew of directions for reassessment notices