Section 47 of Income Tax Act, 1961 deals with transfers which are not regarded as transfer under Income Tax and vide Notification No. 46/2022-Income Tax | Dated: 27th April, 2022 notified list of 150 Countries for clauses (viiac) and (viiad) of section 47 of the Income-tax Act, 1961.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhie

Notification No. 46/2022-Income Tax | Dated: 27th April, 2022

S.O. 1951(E).—In exercise of the powers conferred by sub-clause (ii) of clause (a) of Explanation to clauses (viiac) and (viiad) of section 47 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following countries and specified territories, mentioned in column (2) of the Table given below, for the purposes of the said clauses, namely:—

TABLE

Sl.No. Name of Country/ Specified Territory
(1) (2)
1 Albania
2 Andorra
3 Antigua & Barbuda
4 Anguilla
5 Argentina
6 Armenia
7 Aruba
8 Australia
9 Austria
10 Azerbaijan
11 Bahamas
12 Bahrain
13 Bangladesh
14 Barbados
15 Belarus
16 Belgium
17 Belize
18 Bermuda
19 Bhutan
20 Bosnia & Herzegovina
21 Botswana
22 Brazil
23 British Virgin Islands
24 Brunei Darussalam
25 Bulgaria
26 Cabo Verde
27 Cameroon
28 Canada
29 Cayman Islands
30 Chile
31 China
32 Colombia
33 Cook Islands
34 Croatia
35 Curacao
36 Cyprus
37 Czech Republic
38 Denmark
39 Dominican Republic
40 Dominica
41 Ecuador
42 El Salvador
43 Estonia
44 Kingdom of Eswatini
45 Ethiopia
46 Faroe Islands
47 Fiji
48 Finland
49 France
50 Georgia
51 Germany
52 Ghana
53 Gibraltar
54 Greece
55 Green Land
56 Grenada
57 Guatemala
58 Guernsey
59 Hong Kong
60 Hungary
61 Iceland
62 Indonesia
63 Iran
64 Ireland
65 Isle of Man
66 Israel
67 Italy
68 Jamaica
69 Japan
70 Jersey
71 Jordan
72 Kazakhstan
73 Kenya
74 Korea
75 Kuwait
76 Kyrgyzstan
77 Latvia
78 Lebanon
79 Liberia
80 Liechtenstein
81 Lithuania
82 Luxembourg
83 Macao SAR
84 Macedonia
85 Malaysia
86 Maldives
87 Malta
88 Marshall Islands
89 Mauritius
90 Mexico
91 Moldova
92 Monaco
93 Montenegro
94 Montserrat
95 Morocco
96 Mozambique
97 Myanmar
98 Namibia
99 Nauru
100 Nepal
101 Netherlands
102 New Zealand
103 Nigeria
104 Niue
105 Norway
106 North Macedonia
107 Panama
108 Pakistan
109 Paraguay
110 Peru
111 Poland
112 Portugal
113 Qatar
114 Romania
115 Russia
116 Saint Kitts and Nevis
117 Saint Lucia
118 Saint Vincent and the Grenadines
119 San Marino
120 Saudi Arabia
121 Samoa
122 Senegal
123 Serbia
124 Seychelles
125 Singapore
126 Sint Maarten
127 Slovak Republic
128 Slovenia
129 South Africa
130 Spain
131 Sri Lanka
132 Sudan
133 Sweden
134 Switzerland
135 Syrian Arab Republic
136 Taipei
137 Tajikistan
138 Tanzania
139 Thailand
140 Trinidad and Tobago
141 Tunisia
142 Turkey
143 Turkmenistan
144 Turks and Caicos
145 Uganda
146 Ukraine
147 United Kingdom
148 United States
149 Uzbekistan
150 Vanuatu

2. This notification shall come into force from the date of its publication in the Official Gazette.

[Notification No. 46/2022/ F. No. 370142/1/2022-TPL (Part-I)]

UMME FARDINA ADIL, Under Secy.

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