Section 37 of Finance Act 2018 [Section 37 of Finance Act 2018 deals with Amendment of section 115JB. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 115JB. 37. In section 115JB of the Income-tax Act,— (a) in Explanation 1,— (A) after clause (iig), the following clause shall be inserted, namely:— ‘(iih) the aggregate amount of unabsorbed… Read More »
Section 36 of Finance Act 2018 [Section 36 of Finance Act 2018 deals with Amendment of section 115BBE. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 115BBE. 36. In section 115BBE of the Income-tax Act, in sub-section (2), after the word, brackets and letter “clause (a)”, the words, brackets and letter “and clause (b)” shall… Read More »
Section 35 of Finance Act 2018 [Section 35 of Finance Act 2018 deals with Amendment of section 115BA. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 115BA. 35. In section 115BA of the Income-tax Act, in sub-section (1), for the words, figures and letter “provisions of section 111A and section 112”, the words “other provisions… Read More »
Section 34 of Finance Act 2018 [Section 34 of Finance Act 2018 deals with Amendment of section 115AD. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 115AD. 34. In section 115AD of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2019,— (a) in clause (iii), the word “and” occurring… Read More »
Section 31 of Finance Act 2018 [Section 31 of Finance Act 2018 deals with Amendment of section 80TTA. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 80TTA. 31. In section 80TTA of the Income-tax Act, in sub-section (1), in the opening portion, after the word “assessee”, the brackets, words, figures and letters “(other than the… Read More »
Section 30 of Finance Act 2018 [Section 30 of Finance Act 2018 deals with Insertion of new section 80PA. and is covered in CHAPTER III DIRECT TAXES] Insertion of new section 80PA. 30. After section 80P of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2019, namely:— ’80PA. Deduction in… Read More »
Section 29 of Finance Act 2018 [Section 29 of Finance Act 2018 deals with Amendment of section 80JJAA. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 80JJAA. 29. In section 80JJAA of the Income-tax Act, in the Explanation occurring after sub-section (2), in clause (ii), with effect from the 1st day of April, 2019,— (a) in the… Read More »
Section 28 of Finance Act 2018 [Section 28 of Finance Act 2018 deals with Amendment of section 80-IAC. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 80-IAC. 28. In section 80-IAC of the Income-tax Act, in the Explanation below sub-section (4),— (a) for clause (i), the following clause shall be substituted, namely:— ‘(i) “eligible business” means a… Read More »
Section 27 of Finance Act 2018 [Section 27 of Finance Act 2018 deals with Amendment of section 80DDB. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 80DDB. 27. In section 80DDB of the Income-tax Act, with effect from the 1st day of April, 2019,— (a) in the third proviso, for the words “sixty thousand rupees”,… Read More »
Section 26 of Finance Act 2018 [Section 26 of Finance Act 2018 deals with Amendment of section 80D. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 80D. 26. In section 80D of the Income-tax Act, with effect from the 1st day of April, 2019,— (A) in sub-section (2),— (i) for the words “thirty thousand rupees”… Read More »