Income tax (2nd Amendment) Rules, 2022

Jan 20, 2022 | by TeamLease RegTech Legal Research Team

Loading audio.....

Finance & Taxation ComplianceThe Central Board of Direct Taxes (CBDT) January 18, 2022 has issued The Income tax (2nd Amendment) Rules, 2022 to further amend The Income-tax Rules, 1962. This shall come into force on January 18, 2022.

The following amendments has been made namely: -

• Rule 8 which specify “Income from the manufacture of Tea” the following rule 8AD has been inserted namely: -

“Computation of capital gains for the purposes of sub-section (1B) of section 45 – Where any person receives at any time during any previous year any amount under a specified unit linked insurance policy, including the amount allocated by way of bonus on such policy”


[Notification No. G.S.R. 24(E)]



Related Updates

Alternate Text

Get updates on the go on RuleZbook Mobile App.