Govt. notifies the Finance Act 2020, post assent of the Hon’ble President of India, i.e. final approval for the financial and direct/ indirect taxes proposals of Budget 2020 for the FY 2020-21/ AY 2021-22.
Finance Act 2020: GOI Notification dt. 27/03/2020
THE FINANCE ACT, 2020
No. 12 of 2020 Dated 27/03/2020
An Act to give effect to the financial proposals of the Central Government for the
financial year 2020-2021.
BE it enacted by Parliament in the Seventy First Year of the Republic of India as follows:
Short title and commencement.
1. (1) This Act may be called the Finance Act, 2020.
(2) Save as otherwise provided in this Act,—
(a) sections 2 to 104 shall come into force on 01/04/2020;
(b) sections 116 to 129 and section 132 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. (..contd… please refer above Notification)