Section 62 of Finance Act 2018 [Section 62 of Finance Act 2018 deals with Insertion of new sections 25A and 25B and is covered in CHAPTER IV INDIRECT TAXES] Insertion of new sections 25A and 25B 62 . In the Customs Act, after section 25, the following sections shall be inserted, namely:— “25A. Inward processing of goods.—Where the Central… Read More »
Section 61 of Finance Act 2018 [Section 61 of Finance Act 2018 deals with Amendment of section 18 and is covered in CHAPTER IV INDIRECT TAXES] Amendment of section 18 61. In the Customs Act, in section 18,— (i) in sub-section (1), in the opening portion, after the word and figures “section 46”, the words and figures “and… Read More »
Section 60 of Finance Act 2018 [Section 60 of Finance Act 2018 deals with Amendment of section 17 and is covered in CHAPTER IV INDIRECT TAXES] Amendment of section 17 60. In the Customs Act, in section 17,— (i) in sub-section (2),— (a) for the words “the self-assessment of such goods”, the words, figures and brackets “the entries… Read More »
Section 59 of Finance Act 2018 [Section 59 of Finance Act 2018 deals with Amendment of section 11 and is covered in CHAPTER IV INDIRECT TAXES] Amendment of section 11 59. In the Customs Act, in section 11, after sub-section (2), the following sub-section shall be inserted with effect from such date as the Central Government may, by… Read More »
Section 58 of Finance Act 2018 [Section 58 of Finance Act 2018 deals with Amendment of section 2 and is covered in CHAPTER IV INDIRECT TAXES] Amendment of section 2 58. In the Customs Act, in section 2,— (i) for clause (2), the following clause shall be substituted, namely:— ‘(2) “assessment” means determination of the dutiability of any… Read More »
Section 57 of Finance Act 2018 [Section 57 of Finance Act 2018 deals with Amendment of section 1 and is covered in CHAPTER IV INDIRECT TAXES] Amendment of section 1 57. In the Customs Act, in section 1, in sub-section (2), after the word “India”, the words “and, save as otherwise provided in this Act, it applies also… Read More »
Section 15 of Finance Act 2018 [Section 15 of Finance Act 2018 deals with Insertion of new section 43CB. and is covered in CHAPTER III DIRECT TAXES] Insertion of new section 43CB. 15. After section 43CA of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the… Read More »
Section 24 of Finance Act 2018 [Section 24 of Finance Act 2018 deals with Amendment of section 79. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 79. 24. In section 79 of the Income-tax Act [as substituted by section 32 of the Finance Act, 2017 (7 of 2017)], after the second proviso, the following proviso… Read More »
Section 23 of Finance Act 2018 [Section 23 of Finance Act 2018 deals with Amendment of section 56. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 56. 23. In section 56 of the Income-tax Act, in sub-section (2),— (A) in clause (x),— (I) in sub-clause (b), for item (B), the following item shall be substituted… Read More »
Section 22 of Finance Act 2018 [Section 22 of Finance Act 2018 deals with Amendment of section 55. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 55. 22. In section 55 of the Income-tax Act, in sub-section (2), after clause (ab), the following clause shall be inserted, namely:— ‘(ac) subject to the provisions of sub-clauses… Read More »