Section 105 - Amendment of section 295. - Finance Act, 2020

Amendment of section 295. 105. In section 295 of the Income-tax Act, in sub-section (2), in clause (b),- (a) after sub-clause (ii), the following sub-clause shall be inserted with effect from the 1st day of April, 2021, namely:- (iia) operations carried out in India by a non-resident; ; (b) after sub-clause (iia) as so inserted, the following sub-clause shall be inserted with effect from the 1st day of April, 2022, namely:- (iib) transactions or activities of a non-resident; .