26 Income Tax Amendments by Finance Act 2020 we must know

• April 16, 2020
• CA Chandan Agarwal's Office

In this article an effort is made to list out and summarize the amendments (from income tax point of view, made by Finance Act 2020.

Unless otherwise stated, all the amendments are to be effective from April 1, 2021 i.e. the assessment year 2021-22 relating to the income of the financial year 2020-21 starting from 1st April, 2020.

Amendments:

Nearly, 104 amendments are made either by amending/omitting existing sections or by insertion of new sections. In this article, the amendments, which are most relevant, are covered.

Read more on: https://taxguru.in/income-tax/income-tax-amendments-finance-act-2020.html