Notification of the appointed date to give effect to the amendments made by the Finance Act, 2021 to the Chapter XIX-B of the Income tax Act, 1961

Last updated: 04 September 2021

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This notification announces that the Central Government has appointed 1st September 2021 as the effective date for specific amendments introduced by the Finance Act, 2021. These changes pertain to Chapter XIX-B of the Income Tax Act, 1961. The powers to make this appointment are exercised under various sub-sections and provisos within sections 245-O to 245V of the Act.

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

Notification No. 97/2021 - Income Tax

New Delhi, the 1st September, 2021

S.O. 3562(E). - In exercise of the powers conferred by the second proviso to sub-section (1) of section 245-O, sub-section (2) of section 245P, sub-section (4) of section 245Q, sub-section (8) of section 245R, sub-section (3) of section 245S, sub-section (3) of section 245T, sub-section (3) of section 245U and the proviso to section 245V of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby appoints 1st day of September, 2021 as the date for the purposes of said provisos and said sub-sections of the said Act.

[Notification No. 97 /2021/F.No. 370142/31/2021-TPL (Part II)]

SHEFALI SINGH, Under Secy.

FAQ :

The notification appoints 1st September 2021 as the date from which certain amendments made by the Finance Act, 2021, to Chapter XIX-B of the Income Tax Act, 1961, will take effect.

The Income Tax Act, 1961, has been amended.

Chapter XIX-B of the Income Tax Act, 1961, is affected by these amendments.

The amendments become effective from 1st September 2021.

The Central Government has the authority to appoint this effective date.

Notification No : 97/2021 - Income Tax
Source : https://www.incometaxindia.gov.in/communications/notification/notification_97_2021.pdf

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