Government revises definition of strategic disinvestment under Income Tax Act of 1961

According to the notification, strategic disinvestment will be stated as "any movable property, being equity shares, of a public sector company or a company, received by a person from a public sector company or the Central Government or any State Government under strategic disinvestment."

Government revises definition of strategic disinvestment under Income
The new definition will come into force on April 1, 2023, and shall be applicable for the assessment year 2023–2024 and subsequent assessment years, image- DIPAM website

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