Amended notification of the Income-tax (28th Amendment) Rules, 2021 (dated – 10.09.2021) – CBDT

• 13th, September 2021
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Amended notification of the Income-tax (28th Amendment) Rules, 2021 (dated – 10.09.2021) – CBDT

• This notification shall come into force from the 1st day of April, 2022 and shall be applicable for the assessment year 2022-23 and subsequent assessment years.
• In the Income-tax Rules, 1962, in rule 11UAC, after clause (3), the following clause shall be
• inserted, namely:
• “(4) Any movable property, being equity shares, of the public sector company, received by a person from the Central Government or any State Government under strategic disinvestment.
• Explanation–For the purpose of this clause, „strategic disinvestment‟ shall have the same meaning as assigned to it in clause (iii) of Explanation to clause (d) of sub-section (1) of section 72A.”