Section 125 of Finance Act 2018 [Section 125 of Finance Act 2018 deals with Amendment of section 8 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8 125. In section 8 of the principal Act, for the words “three thousand rupees”, the words “the prescribed limit” shall be substituted. Finance Act 2018 : Assented by President… Read More »
Section 124 of Finance Act 2018 [Section 124 of Finance Act 2018 deals with Insertion of new section 7A and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 7A 124. After section 7 of the principal Act, the following section shall be inserted, namely:— “7A. Power to call for information.—The Central Government through any designated authority, may… Read More »
Section 122 of Finance Act 2018 [Section 122 of Finance Act 2018 deals with Amendment of section 6 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 6 122. In section 6 of the principal Act, for the words, brackets, figures and letter “any such Bank or any officer empowered under sub-section (4) of section 4A”, the… Read More »
Section 123 of Finance Act 2018 [Section 123 of Finance Act 2018 deals with Amendment of section 7 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 7 123. In section 7 of the principal Act, for the words, brackets, figures and letter “any such Bank or any officer empowered under sub-section (4) of section 4A”, the… Read More »
Section 121 of Finance Act 2018 [Section 121 of Finance Act 2018 deals with Amendment of section 5 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 5 121. In section 5 of the principal Act,— (i) for the words “But nothing”, the word “Nothing” shall be substituted; (ii) for the words “And any creditor”, the words… Read More »
Section 120 of Finance Act 2018 [Section 120 of Finance Act 2018 deals with Amendment of section 4A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4A 120. In section 4A of the principal Act,— (a) after sub-section (3), the following sub-section shall be inserted, namely:— “(3A) Where the deposit belongs to a minor or to… Read More »
Section 119 of Finance Act 2018 [Section 119 of Finance Act 2018 deals with Amendment of section 4 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4 119. In section 4 of the principal Act,— (a) for sub-section (1), the following sub-section shall be substituted, namely:— “(1) The depositors shall designate one or more individuals, as… Read More »
Section 118 of Finance Act 2018 [Section 118 of Finance Act 2018 deals with Substitution of new sections 3, 3A and 3B for section 3. and is covered in CHAPTER VIII MISCELLANEOUS] Substitution of new sections 3, 3A and 3B for section 3. 118. For section 3 of the principal Act, the following sections shall be substituted, namely:—… Read More »
Section 117 of Finance Act 2018 [Section 117 of Finance Act 2018 deals with Omission of section 2 and is covered in CHAPTER VIII MISCELLANEOUS] Omission of section 2 117. Section 2 of the principal Act shall be omitted. Finance Act 2018 : Assented by President : Download Print Notification
Section 103 of Finance Act 2018 [Section 103 of Finance Act 2018 deals with Amendment of First Schedule and is covered in CHAPTER IV INDIRECT TAXES] Amendment of First Schedule 103 . In the Customs Tariff Act, the First Schedule,— (a) shall be amended in the manner specified in the Second Schedule; (b) shall also be amended in… Read More »