Income-tax (3rd Amendment) Rules, 2020

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....ion 13A, section 35AD, section 40A, section 43, section 43CA, section 44AD, section 50C, section 56, section 80JJAA, section 269SS, section 269ST and section 269T 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 calle....

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....ction 43CA, proviso to sub-section (1) of section 44AD, second proviso to sub-section (1) of section 50C, second proviso to sub-clause (b) of clause (x) of sub-section (2) of section 56, clause (b) of first proviso of clause (i) of Explanation to section 80JJAA, section 269SS, section 269ST and section 269T, namely:− (a) Credit Card; (b) Debit Card; (c) Net Banking....

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....raph, for the words "account payee bank draft, exceeds twenty thousand rupees", the words, figures and letters "account payee bank draft or use of electronic clearing system through a bank account or through such other electronic mode as prescribed under rule 6ABBA, exceeds ten thousand rupees" shall be substituted; (c) in clause (c), sub-clauses (v), (vi) and (vii) shall be omitted; ....