Notification No. 06/2020 [F. No. 187/02/2020-ITA-I] / SO 387(E)

Last updated: 31 January 2020

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The Central Board of Direct Taxes has issued Notification No. 06/2020, making amendments to the Income Tax Act, 1961. These changes, made under section 120, specifically affect Schedule-I of a previous notification from 2014. The amendments involve the omission of Sl No. 113 and a substitution for the entries related to Sl No. 112.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th January, 2020 (Income-Tax) S.O. 387(E).In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income Tax Act, 1961 (43 of 1961), Central Board of Direct Taxes hereby makes the following amendments in the notification of Income-tax, published in the Gazette of India, Extraordinary Part II, section 3, Subsection (ii) vide number S.O. 2752

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FAQ :

The purpose of Notification No. 06/2020 is to make amendments to the Income Tax Act, 1961, as exercised by the powers conferred by sub-sections (1) and (2) of section 120.

The amendments are made in exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income Tax Act, 1961.

The amendments are made in the SCHEDULE-I of the Income-tax notification published on 22nd October, 2014.

Sl No. 113 and its related entries are being omitted, and the entries for Sl No. 112 are being substituted with new ones.

This notification was issued on the 27th January, 2020.