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ARTICLE · 04 MAY 2023

Amendment In Finance Act, 2020 Vis-à-vis Finance Bill 2020

The Finance Bill, 2020 (‘the Fin Bill') has been passed by the Parliament on March 23, 2020 with around 50 plus amendments but some of them without any discussion in Bill.

IndiaTax
Harsh Bhuta
Harsh Bhuta

Amendments made by Lok Sabha in Finance Bill, 2020

The Finance Bill, 2020 ('the Fin Bill') has been passed by the Parliament on March 23, 2020 with around 50 plus amendments but some of them without any discussion in Bill. This Tax Alert aims to provide a brief understanding of these amendments as it stands in the Finance Act, 2020 ('the Fin Act'). It would be imperative to understand the proposed law with the amendment to the proposed law.

Sr. no

Finance Bill, 2020

Finance Act, 2020

1.

Section 2 : Clause (15A) definition of Chief Commissioner

In the definition of Chief Commissioner the words "or a Director General of Income-tax", and "or a Principal Director General of Income-tax" shall be inserted.

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