India Publishes Finance Act 2020

India's Income Tax Department has published the Finance Act 2020, which received the assent of the President on 27 March 2020 and was published in the Official Gazette the same date. The Finance Act includes measures announced as part of the Union Budget 2020-2021 and others. Unless otherwise specified, the measures of the Finance Act generally apply from 1 April 2020 (or assessment year beginning 1 April 2021).

The main measures of the Finance Act 2020 are summarized as follows:

• The intro…