Taxmann Income Tax Act Edition March 2022


This book covers amended, updated & annotated text of the Income-tax Act 1961, Finance Act 2022 & Taxation Laws (Amendment) Act 2021. Annotation under each section includes relevant Rules, Forms, Circulars, Notifications, legislative history, etc. The relevant section numbers are printed in folios for quick navigation.

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Taxmann Income Tax Act as Amended By Finance Act 2022

Taxmann Income Tax Act as Amended By Finance Act 2022

This book covers the Amended, Updated & Annotated text of the Income-tax Act, Finance Act 2022 & Taxation Laws (Amendment) Act, 2021.

The recent changes in the Income-tax Act, 1961 are as follows:

[Insertion] of 10+ new sections

  • [Important New Sections] include:
  • Taxation of Virtual Digital Asset (VDA)
  • TDS u/s 194S on the transfer of VDAs
  • TDS u/s 194R on Benefits or Perquisites
  • Updated Returns
  • Tax relief for COVID related compensation received from employers & well-wishers

[Amendments] in 70+ sections

  • [Important Amendments] include:
  • New provisions for Faceless Assessment & Reassessment
  • Changes in surcharge rate on long-term capital gain, AOPs & co-operative societies
  • Change in provisions relating to the taxation of charitable trust and institutions
  • Filing of application before AO to get the refund of tax deducted from the payment made to non-resident
  • Increase in the scope of reporting obligation cast on producers of cinematograph films

The Present Publication is the 67th Edition and amended by the Finance Act 2022 & the Taxation Laws (Amendment) Act, 2021. This book is authored by Taxmann’s Editorial Board, with the following noteworthy features:

[Coverage] of this book includes:

Division One – Income-tax Act, 1961

  • Arrangement of Sections
  • Text of the Income-tax Act, 1961 as amended by the Finance Act, 2022 and Taxation Laws (Amendment) Act, 2021
  • Appendix: Text of provisions of Allied Acts/Circulars/Regulations referred to in Income-tax Act
  • Validation Provisions
  • Subject Index

Division Two – Finance Act, 2022 and Taxation Laws (Amendment) Act, 2021

  • [Annotations] under each section shows:
  • Relevant Rules & Forms
  • Relevant Circulars & Notifications
  • Date of enforcement of provisions
  • Allied Laws referred to in the section
  • [Legislative History of Amendments] since 1961
  • Comprehensive Table of Contents
  • [Quick Navigation] Relevant section numbers are printed in folios for quick navigation
  • [Bestseller Series] Taxmann’s series of bestseller books for more than five decades
  • [Zero Error] Follows the six-sigma approach to achieve the benchmark of ‘Zero Error

About The Publication

Taxman Publications is one of the leading publishers of books on Taxes and Corporate Laws, Banking, Accounting and Auditing, Finance and Management. Their books are widely read by both under graduate students, post graduate students as well as professionals. They also publish journals and offer legal databases on various websites and DVDs. Taxman Publications is also into publishing Tax Compliance products to work out and also e-file various taxes. Some of the books published by Taxman are Corporate Laws, Companies Act 2013 with Rules, Guide to Corporate Social Responsibilities, Law Relating to Foreign Contribution and Yearly Tax Digest.

Weight 1.860 kg







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