The Income-tax (21st Amendment) Rules, 2020


The Central Board of Direct Taxes vide notification dated 22nd September, 2020 has notified the Income-tax (21st Amendment) Rules, 2020. The amendment has made the procedure for application by a banking company or insurer for a certificate under section 195(3) of the Income – tax Act, 1961, for receipt of interest and other sums without deduction of tax applicable to insurers as well.

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