Income-tax (Twenty Third Amendment) Rules, 2022 - 87/2022 - Income Tax

..... ty Third Amendment) Rules, 2022. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 21AK, - (A) in sub-rule (1), - (a) in the opening paragraph, after the words “non-deliverable forward contracts”, the words “or offshore derivative instruments or over-the-counter derivatives,” shall be inserted; (b) in clause (i), after the words “non-de .....

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Income-tax (Twenty Third Amendment) Rules, 2022 - 87/2022 - Income Tax

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..... cial Services Centre, as referred to in sub-section (1A) of section 80LA of the Act; (iv) “offshore derivative instrument” shall have the same meaning as assigned to it in clause (o) of sub-regulation (1) of regulation (2) of the SEBI Foreign Portfolio Investor Regulations, 2019; (v) “over-the-counter derivatives" shall mean a derivative contract that is not traded on an exchange but instead is privately negotiated between a purchaser and a seller; and (vi) "permanent .....

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Income-tax (Twenty Third Amendment) Rules, 2022 - 87/2022 - Income Tax

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