MANU/CBDT/0062/2020

Ministry : Ministry of Finance

Department/Board : CBDT

Notification No. : 58/2020

Date of Notification : 10.08.2020

Date of Publication : 10.08.2020

Notification/ Circulars Referred : Number S.O. 969(E) dated the 26th March, 1962 MANU/CNBN/0383/1962;Notification number G.S.R. 469(E), dated the 28th July, 2020 MANU/CBDT/0059/2020

Citing Reference:
Number S.O. 969(E) dated the 26th March, 1962 MANU/CNBN/0383/1962  Modified

Notification number G.S.R. 469(E), dated the 28th July, 2020 MANU/CBDT/0059/2020  Referred

Income-Tax (19th Amendment) Rules, 2020

G.S.R.499(E).--In exercise of the powers conferred by clause (d) of sub-section (8) of section 139A and clause (ii) of sub-section (7) of section 206AA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:--

1. Short title and commencement.-

(1) These rules may be called the Income-tax (19th Amendment) Rules, 2020.

(2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 37BC, after sub-rule (2), the following sub-rule shall be inserted, namely:--

"(3) The provisions of section 206AA shall not apply in respect of payments made to a person being a non-resident, no........