Tag Archives: Section 22 of Finance Act 2018

Section 22 of Finance Act 2018 : Amendment of section 55 Income Tax Act

By | April 1, 2018

Section 22 of Finance Act 2018 [Section 22 of Finance Act 2018 deals with Amendment of section 55. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 55. 22. In section 55 of the Income-tax Act, in sub-section (2), after clause (ab), the following clause shall be inserted, namely:— ‘(ac) subject to the provisions of sub-clauses… Read More »