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 the Government of India, Ministry of Finance published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide number 50 of 2014, S.O. 2752(E) dated the 22nd October, 2014, namely :-

1. In the principal notification,

(i) in the Schedule-I, after serial No. 67, serial number 67a shall be inserted, namely:-

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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.