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

Last updated: 31 January 2020

Save Share

Quick Summary

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(E), dated the 22nd October, 2014, namely :- In the said notification, in the SCHEDULE-I,

(i) the Sl No. 113 and the entries relating thereto shall be omitted;

(ii) in Sl No. 112 for the entries relating thereto, the following entries shall be substituted:-

To know more in details,click here

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.

Notification No : 06/2020
Source : https://www.incometaxindia.gov.in/communications/notification/notification_06_2020.pdf

116 Views Comment Share Income Tax Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments