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The Present Publication is the 65th Edition, with the following noteworthy features: (a) Taxmann’s Bestseller Book for more than Five-Decades. (b) Follows the Six Sigma Approach to achieve the Benchmark of ‘Zero Error’. (c) Amended Provisions as per the following: (i) The Finance Act, 2020 (ii) The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. (c) Legislative History of Amendments, since 1961. (d) Relevant provisions of all other allied laws referred to in the Income-tax Act. (e) Specially curated 'Guide to Amendments'. (f) Comprehensive Table of Contents. (g) Relevant Section Numbers are printed in Folios for Quick Navigation. Supplement to Income-tax Act - The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020, has inserted or amended 39 Sections of the Income-tax Act, 1961. This supplement to Income-tax Act provides all amended and newly inserted Sections. These amendments are relating to: (a) Change in the due dates of various compliances. (b) Reduction in the rates of TDS/TCS. (c) Clarifications regarding amended provisions of residential status. (d) Faceless proceedings. (e) Restoration and deferment of certain provisions relating to trusts. (f) Exemptions and deductions. (g) Taxation of Alternative Investment Funds (AIFs). (h) Reduced rates of surcharge on dividend income in case of FPIs.