How many sections are in The Taxation Laws (Amendment) Act, 2021 (TLAA 2021)?

The The Taxation Laws (Amendment) Act, 2021 (TLAA 2021) contains a total of 242 sections organized across 8 chapters. The chapters are: Chapter IP — reliminary — 220 sections; Chapter IIR — elaxation of Certain Provisions of Specified Act — 1 sections; Chapter IIIA — mendments to the Income-Tax Act, 1961 — 13 sections; Chapter IVA — mendments to the Direct Tax Vivad Se Vishwas Act — 1 sections; Chapter VR — elaxation of time Limit Under Certain Indirect Tax Laws — 1 sections; Chapter VIA — mendment To The Central Goods and Services Tax Act, 2017 — 2 sections; Chapter VIIA — mendment to the Finance (No. 2) Act, 2019 — 1 sections; Chapter VIIIA — mendment to the Finance Act, 2020 — 3 sections.

Where can I read the complete TLAA 2021 bare act online for free?

You can read the complete, updated text of The Taxation Laws (Amendment) Act, 2021 (TLAA 2021) with all 242 sections for free at Law on Tips (lawontips.com). Each section includes the full legislative text with chapter-wise navigation.

What does TLAA 2021 deal with?

The Taxation Laws (Amendment) Act, 2021 (TLAA 2021) is an Indian legislation enacted in 2021 passed by the Parliament of India. An Act to amend the Income-tax Act and Finance Act to withdraw retrospective taxation of indirect transfers. Read the complete bare act text with section-by-section navigation at Law on Tips.

What is the full form of TLAA 2021?

TLAA 2021 stands for "The Taxation Laws (Amendment) Act, 2021". It is an Indian legislation containing 242 sections across 8 chapters. You can read the complete TLAA 2021 bare act with all sections at Law on Tips.

The Taxation Laws (Amendment) Act, 2021 (TLAA 2021) - Complete Bare Act with All 242 Sections | Law on Tips

S.4Amendment of Act 43 of 1961

S.130Faceless jurisdiction of income-tax authorities. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of

S.135AFaceless collection of information. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of calling for information under section 133, collecting certain information under section 133B, or calling for information by prescribed income-tax authority under section 133C, or exercise of power to inspect register of companies under section 134, or exercise of power of Assessing Officer under section 135 so as to impart greater efficiency, transparency and accountability by

S.142BFaceless inquiry or Valuation. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of issuing notice under sub-section (1) or making inquiry before assessment under sub-section (2), or directing the assessee to get his accounts audited under sub-section (2A) of section 142, or estimating the value of any asset, property or investment by a Valuation Officer under section 142A, so as to impart greater efficiency, transparency and accountability by

S.144BFaceless assessment. - (1) Notwithstanding anything to the contrary contained in any other provisions of this Act, the assessment under sub-section (3) of section 143 or under section 144, in the cases referred to in sub-section (2), shall be made in a faceless manner as per the following procedure, namely:

S.151AFaceless assessment of income escaping assessment. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of assessment, reassessment or re-computation under section 147 or issuance of notice under section 148 or sanction for issue of such notice under section 151, so as to impart greater efficiency, transparency and accountability by

S.157AFaceless rectification, amendments and issuance of notice or intimation. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of rectification of any mistake apparent from record under section 154 or other amendments under section 155 or issue of notice of demand under section 156, or intimation of loss under section 157, so as to impart greater efficiency, transparency and accountability by

S.197BLower deduction in certain cases for a limited period. - In case the provisions of sections 193, 194, 194A, 194C, 194D, 194DA,194EE, 194F, 194G, 194H, 194-I,194-IA, 194-IB, 194-IC, 194J, 194K,194LA, sub-section (1) of section 194LBA, clause (i) of section 194LBB, sub-section (1) of section 194LBC, sections 194M and 194-O require deduction of tax at source during the period commencing from the 14th day of May, 2020 to the 31st day of March, 2021, then notwithstanding anything contained in these sections the deduction of tax shall be made at the rate being the three-fourth of the rate specified in these sections.";

S.231Faceless collection and recovery of tax. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of issuance of certificate for deduction of income-tax at any lower rates or no deduction of income-tax under section 197, or deeming a person to be an assessee in default under sub-section (1) of section 201 or sub-section (6A) of section 206C, issuance of certificate for lower collection of tax under sub-section (9) of section 206C or passing of order or amended order under sub-section (3) or sub-section (4) of section 210, or reduction or waiver of the amount of interest paid or payable by an assessee under sub-section (2A), or extending the time for payment or allowing payment by instalment under sub-section (3), or treating the assessee as not being in default under sub-section (6) or sub-section (7) of section 220, or levy of penalty under section 221, or drawing of certificate by the Tax Recovery Officer under section 222, or jurisdiction of Tax Recovery Officer under section 223, or stay of proceedings in pursuance of certificate and amendment or cancellation thereof by the Tax Recovery Officer under section 225, or other modes of recovery under section 226 or issuance of tax clearance certificate under section 230 so as to impart greater efficiency, transparency and accountability by

S.264AFaceless revision of orders. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of revision of orders under section 263 or section 264, so as to impart greater efficiency, transparency and accountability by

S.264BFaceless effect of orders. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of giving effect to an order under section 250, 254, 260, 262, 263 or 264, so as to impart greater efficiency, transparency and accountability by

S.271KPenalty for failure to furnish statements, etc. - Without prejudice to the provisions of this Act, the Assessing Officer may direct that a sum not less than ten thousand rupees but which may extend to one lakh rupees shall be paid by way of penalty by

S.293DFaceless approval or registration. - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of granting approval or registration, as the case may be, by income-tax authority under any provision of the Act, so as to impart greater efficiency, transparency and accountability by

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The Taxation Laws (Amendment) Act, 2021