It was approved by the Lower House after accepting 39 official amendments moved by finance minister Nirmala Sitharaman...

Clampdown comes after a new provision in the Finance Bill 2022...

The collegium will comprise two or more chief commissioners or principal commissioners or commissioners of income-tax...

These inculde the proposed law to facilitate privatisation of public sector banks, and amendments to the Pension Fund Regulatory and Development Authority Act...

The Finance Act, 2021, has amended the provisions of the Income Tax Act, 1961, to provide that the ITSC shall cease to operate with effect from February 1, 2021...

The procedures related to reassessments or re-computation of income escaping assessment and review of search related cases has undergone a major overhaul...

The move seeks to plug a major loophole that some companies misuse to dodge tax on plant and equipment by using the slump sale route...

The disinvestment numbers are imminently achievable because work had begun on many of these and they will be completed in FY22: Subramanian...

The amendment says that the fair value of a slump sale transaction will be deemed to be the full value of the consideration received by the seller of the asset...