Home Acts & Rules Finance Act / Amendment Acts Finance Acts Finance Act, 2020 Chapters List Chapter III DIRECT TAXES - Income-tax This
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Section 46 - Amendment of section 94B. - Finance Act, 2020Extract Amendment of section 94B. 46. In section 94B of the Income-tax Act, after sub-section (1), the following sub-section shall be inserted with effect from the 1st day of April, 2021, namely:- (1A) Nothing contained in sub-section (1) shall apply to interest paid in respect of a debt issued by a lender which is a permanent establishment in India of a non-resident, being a person engaged in the business of banking. .
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