Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

Insertion of new section “130”   “130. Faceless jurisdiction of income-tax authorities. (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of— (a)   exercise of all or any of the powers and performance of all or any of the functions conferred on, or, as the case may be, […]

Amendment of section 115TD (i)   for the words, figures and letters “under section 12AA or section 12AB” wherever they occur, the words, figures and letters “under section 12AA” shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2020; (ii)   for the words, figures

Amendment of section 115JEE “(2A) The provisions of this Chapter shall not apply to specified fund referred to in clause (c) of the Explanation to clause (4D) of section 10.”;

Amendment of section 115BBDA (i)   for the words, figures and letters “under section 12A or section 12AA or section 12AB”, the words, figures and letters “under section 12A or section 12AA” shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2020; (ii)   for

Amendment of section 115AD (a)   in sub-section (1),— (i)   in the opening portion, for the words “Foreign Institutional Investor”, the words “specified fund or Foreign Institutional Investor” shall be substituted; [(ii)   after the long line, for clause (i), the following clause shall be substituted, namely:— “(i)   the amount of income-tax calculated

Amendment of section 80G (a)   in sub-section (2), in clause (a), in sub-clause (iiia), after the word “Fund”, the words and brackets “or the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND)” shall be inserted and shall be deemed to have been inserted with effect from the 1st day

Amendment of section 56 (a)   with effect from the 1st day of June, 2020,— (i)   in clause (v), in the proviso, in clause (g), for the words, figures and letters “section 12AA or section 12AB”, the word, figures and letters “section 12AA” shall be substituted and shall be deemed to have been substituted;

Amendment of section 35AC (i)   in sub-section (4)— (a)   in clause (i), for the word “Committee”, the words and brackets “the Principal Chief Commissioner of Income Tax (Exemption) or the Chief Commissioner of Income Tax (Exemption)” shall be substituted; (b)   in clause (ii), for the words “National Committee”, the words and brackets

Amendment of section 35 (a)   in sub-section (1),— (i)   with effect from the 1st day of June, 2020, in clause (iii), in the Explanation,— (A)   for the words, brackets, figures and letter “to which clause (ii) or clause (iii) or to a company to which clause (iia)”, the words, brackets and figures “to

Amendment of section 13 (VIII) in section 13, in Explanation 1, after the figures and letter “12A”, the figures and letters “, 12AA, 12AB” shall be inserted with effect from the 1st day of April, 2021;