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The Central Government specifies Scheduled Commercial Banks listed in the Second Schedule of the Reserve Bank of India Act, 1934 for the purposes of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961. This specification applies to the listed banks under the income tax law.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes
NOTIFICATION
New Delhi, the 31st August, 2020
S.O. [unclear in source] (E): — In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, the Central Government hereby specifies "Scheduled Commercial Banks" listed in the Second Schedule of the Reserve Bank of India Act, 1934 for the purposes of the said clause.
[Image omitted. See the official document.]
(Rajarajeswari R.) Under Secretary, ITA-II, CBDT
F. No. 225/136/2020-ITA.II Notification No. 71/2020
To The Manager, Government of India Press, Mayapuri, New Delhi
Copy forwarded to: -
[Image omitted. See the official document.]
(Rajarajeswari R.) Under Secretary, (ITA-II), CBDT
