Section 11 - Amendment of section 40A. - Finance (No. 2) Act, 2019

Amendment of section 40A. 11. In section 40A of the Income-tax Act, with effect from the 1st day of April, 2020, (i) for the words bank account wherever they occur, the words bank account or through such other electronic mode as may be prescribed shall be substituted; (ii) in sub-section (4), after the words such cheque or draft or electronic clearing system , the words or such other electronic mode as may be prescribed shall be inserted.