Notification No. 63/2020 [F. No. 187/3/2020-ITA-I] / SO 2755(E)

Last updated: 15 August 2020

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The Central Board of Direct Taxes has issued Notification No. 63/2020, introducing amendments to the Income-tax Act, 1961. These changes specifically involve the insertion of serial number 67a after serial number 67 in Schedule-I of a previous notification. This update is made in accordance with the powers granted by sub-sections (1) and (2) of section 120 of the Act.

NOTIFICATION New Delhi, the 13th August, 2020 (INCOME TAX) S.O. 2755(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), the Central Board of Direct Taxes, hereby makes the following amendments in the notification of t

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FAQ :

The purpose of Notification No. 63/2020 is to make amendments to the Income-tax Act, 1961.

The Central Board of Direct Taxes issued Notification No. 63/2020.

The notification introduces an amendment by inserting serial number 67a after serial number 67 in Schedule-I of a principal notification.

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

The notification amends the notification of the Government of India, Ministry of Finance published vide number 50 of 2014, S.O. 2752(E) dated the 22nd October, 2014.