**Policy Summary:**
This notification, S.O. 2947(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, and published in the Gazette of India: Extraordinary, Part II, Section 3, Subsection (ii), No. 2616, dated August 31, 2020, 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 notification is issued by the Central Government and signed by Rajarajeswari R., Under Secretary. The notification number is 71/2020 and the file number is 225/136/2020-ITA.II.
Key Entities Referenced
Ministry of Finance: A department of the Government of India.
Department of Revenue: A department under the Ministry of Finance.
Central Board of Direct Taxes: An organization under the Department of Revenue, Ministry of Finance.
New Delhi: The location of the notification issuance; New Delhi, Delhi
Income-tax Act, 1961: A law mentioned in the notification.
Central Government: The government body issuing the notification.
Reserve Bank of India Act, 1934: A law that specifies the Second Schedule, which lists Scheduled Commercial Banks.
Scheduled Commercial Banks: Banks listed in the Second Schedule of the Reserve Bank of India Act, 1934, specified for the purpose of Section 138 of the Income-tax Act, 1961.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-31082020-221466
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 2616] नई दिल्ली, सरमिार, अगस्ट्त 31, 2020/भाद्र 9, 1942
No. 2616] NEW DELHI, MONDAY, AUGUST 31, 2020/BHADRA 9, 1942
जित्त म्ं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्य क्ष कर बरडड)
अजधसचू ना
नई दिल् ली, 31 अगस्ट्त , 2020
का.आ. 2947(अ).—आयकर अजधजनयम, 1961 की धारा 138 की उप-धारा (1) के खंड (क) के
उप-खंड (ii) के अनुसरण में, भारत सरकार एतद्द्वारा उक् त खंड के उद्दश्े य से भारतीय ररििड बैंक
अजधजनयम, 1934 के जितीय अनुसूची में सूचीबद्ध ‘‘अनुसूजचत िाजणजययक बैंकों’’ कर जनर्दिष् ट करता ह।ै
[अजधसूचना स.ं 71/2020/फा. सं. 225/136/2020-आईटीए–II]
रािारािेश्ि री आर., अिर सजचि
4009 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 31st August, 2020
S.O. 2947(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.
[Notification No. 71/ 2020/F. No. 225/136/2020-ITA.II]
RAJARAJESWARI R., Under Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.