Section 21 of Finance Act 2018 [Section 21 of Finance Act 2018 deals with Amendment of section 54EC. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 54EC. 21. In section 54EC of the Income-tax Act, with effect from the 1st day of April, 2019,— (a) in sub-section (1), after the words “long-term capital asset”, the… Read More »
Section 20 of Finance Act 2018 [Section 20 of Finance Act 2018 deals with Amendment of section 50C. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 50C. 20. In section 50C of the Income-tax Act, in sub-section (1), after the second proviso, the following proviso shall be inserted with effect from the 1st day of… Read More »
Section 19 of Finance Act 2018 [Section 19 of Finance Act 2018 deals with Amendment of section 49 and is covered in CHAPTER III DIRECT TAXES] Amendment of section 49. 19. In section 49 of the Income-tax Act, after sub-section (8), the following sub-section shall be inserted with effect from the 1st day of April, 2019, namely:— “(9)… Read More »
Section 18 of Finance Act 2018 [Section 18 of Finance Act 2018 deals with Amendment of section 48. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 48. 18. In section 48 of the Income-tax Act, after the second proviso, the following proviso shall be inserted, namely:— “Provided also that nothing contained in the first and second… Read More »
Section 17 of Finance Act 2018 [Section 17 of Finance Act 2018 deals with Amendment of section 47. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 47. 17. In section 47 of the Income-tax Act, after clause (viiaa) [as inserted by section 23 of the Finance Act, 2017 (7 of 2017)], the following clause shall… Read More »
Section 16 of Finance Act 2018 [Section 16 of Finance Act 2018 deals with Amendment of section 44AE. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 44AE. 16. In section 44AE of the Income-tax Act, with effect from the 1st day of April, 2019,— (a) for sub-section (2), the following sub-section shall be substituted, namely:—… Read More »
Section 14 of Finance Act 2018 [Section 14 of Finance Act 2018 deals with Amendment of section 43CA. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 43CA. 14. In section 43CA of the Income-tax Act, with effect from the 1st day of April, 2019,— (a) in sub-section (1), the following proviso shall be inserted, namely:—… Read More »
Section 13 of Finance Act 2018 [Section 13 of Finance Act 2018 deals with Insertion of new section 43AA. and is covered in CHAPTER III DIRECT TAXES] Insertion of new section 43AA. 13. After section 43A 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 12 of Finance Act 2018 [Section 12 of Finance Act 2018 deals with Amendment of section 43. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 43. 12. In section 43 of the Income-tax Act, with effect from the 1st day of April, 2019,— (i) in clause (1), after Explanation 1, the following Explanation shall be inserted, namely:—… Read More »
Section 11 of Finance Act 2018 [Section 11 of Finance Act 2018 deals with Amendment of section 40A. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 40A. 11. In section 40A of the Income-tax Act, after sub-section (12) [as omitted by section 17 of the Finance Act, 1992 (18 of 1992)], the following sub-section shall… Read More »