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of <h1>Finance Bill 2020 amends Income-tax Act's section 140A, adding clause for tax liabilities under section 191 in self-assessment.</h1> Clause 68 of the Finance Bill, 2020, proposes amendments to section 140A of the Income-tax Act, concerning self-assessment tax liability. The changes include omitting the word 'and' in clause (iv), substituting wording in clause (v), and adding a new clause (vi). The new clause mandates that taxpayers account for any tax or interest payable under sub-section (2) of section 191 when filing returns under specified sections. This amendment, effective from April 1, 2020, ensures comprehensive consideration of tax liabilities, including those under section 191, during self-assessment.
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