Clause 33 - Amendment of section 115TF - Finance Bill, 2022

Amendment of section 115TF. 33. In section 115TF of the Income-tax Act, with effect from the 1st day of April, 2023, (a) in the marginal heading, for the words trust or institution , the words specified person shall be substituted; (b) in sub-section (1), for the words trust or the institution at both the places where they occur, the words specified person shall be substituted; (c) the following Explanation shall be inserted, namely: Explanation.-For the purposes of this section, specified person shall have the same meaning as assigned to in clause (iia) of the Explanation to section 115TD. .