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of <h1>Finance Bill 2020 amends Income-tax Act Section 44DA, requiring non-residents to audit royalties income by Section 44AB date.</h1> Clause 24 of the Finance Bill, 2020 amends section 44DA of the Income-tax Act concerning income computation from royalties for non-residents. It modifies sub-section (2) to require non-residents or foreign companies to audit their accounts before the date specified in section 44AB, which is one month before the return filing due date under section 139(1). The audit report must be furnished by this specified date. This amendment is effective from April 1, 2020, applicable to the assessment year 2020-2021 and subsequent years.
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