Monthly Archives: April 2018

Section 122 of Finance Act 2018 : Amendment of section 6

By | April 1, 2018

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 : Amendment of section 7

By | April 1, 2018

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 : Amendment of section 5

By | April 1, 2018

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 : Amendment of section 4A

By | April 1, 2018

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 : Amendment of section 4

By | April 1, 2018

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 : Substitution of new sections 3, 3A and 3B for section 3.

By | April 1, 2018

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 103 of Finance Act 2018 : Amendment of First Schedule Customs Tariff Act

By | April 1, 2018

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 »

Section 102 of Finance Act 2018 : Amendment of Customs Tariff Act, 1975 Customs Tariff Act

By | April 1, 2018

Section 102 of Finance Act 2018 [Section 102 of Finance Act 2018 deals with Amendment of Customs Tariff Act, 1975 and is covered in CHAPTER IV INDIRECT TAXES] Customs Tariff Amendment of Customs Tariff Act, 1975 102 . In the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), in section 3,—… Read More »

Section 101 of Finance Act 2018 : Amendment of notification issued under sub-section (1) of section 25 of Customs Act and sub-section (12) of section 3 of Customs Tariff Act, retrospectively Customs Act

By | April 1, 2018

Section 101 of Finance Act 2018 [Section 101 of Finance Act 2018 deals with Amendment of notification issued under sub-section (1) of section 25 of Customs Act and sub-section (12) of section 3 of Customs Tariff Act, retrospectively and is covered in CHAPTER IV INDIRECT TAXES] Amendment of notification issued under sub-section (1) of section 25 of… Read More »