Clause 103 - Amendment of section 295. - Finance Bill, 2020

Amendment of section 295. 103. 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; .