Section 10 of Finance Act 2018 [Section 10 of Finance Act 2018 deals with Amendment of section 36. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 36. 10. In section 36 of the Income-tax Act, in sub-section (1), after clause (xvii), the following clause shall be inserted and shall be deemed to have been inserted… Read More »
Section 9 of Finance Act 2018 [Section 9 of Finance Act 2018 deals with Amendment of section 28. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 28. 9. In section 28 of the Income-tax Act, with effect from the 1st day of April, 2019,— (I) in clause (ii), after sub-clause (d), the following sub-clause shall… Read More »
Section 8 of Finance Act 2018 [Section 8 of Finance Act 2018 deals with Amendment of section 17. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 17. 8. In section 17 of the Income-tax Act, in clause (2), in the proviso occurring after sub-clause (viii), clause (v) shall be omitted with effect from the 1st… Read More »
Section 7 of Finance Act 2018 [Section 7 of Finance Act 2018 deals with Amendment of section 16. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 16. 7. In section 16 of the Income-tax Act, after clause (i) [as omitted by section 6 of the Finance Act, 2005 (18 of 2005)], the following clause shall… Read More »
Section 6 of Finance Act 2018 [Section 6 of Finance Act 2018 deals with Amendment of section 11. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 11. 6. In section 11 of the Income-tax Act, in sub-section (1), after Explanation 2 [as inserted by section 11 of the Finance Act, 2017 (7 of 2017)], the following Explanation shall be… Read More »
Section 5 of Finance Act 2018 [Section 5 of Finance Act 2018 deals with Amendment of section 10. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 10. 5. In section 10 of the Income-tax Act,— (a) after clause (6C), the following clause shall be inserted, namely:— “(6D) any income arising to a non-resident, not being… Read More »
Section 4 of Finance Act 2018 [Section 4 of Finance Act 2018 deals with Amendment of section 9. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 9. 4. In section 9 of the Income-tax Act, in sub-section (1), in clause (i), with effect from the 1st day of April, 2019,— (I) in Explanation 2, for clause… Read More »
Section 3 of Finance Act 2018 [Section 3 of Finance Act 2018 deals with Amendment of section 2. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 2. 3. In section 2 of the Income-tax Act,— (a) in clause (22), after Explanation 2, the following Explanation shall be inserted, namely:— “Explanation 2A.— In the case of an amalgamated company,… Read More »
Section 2 of Finance Act 2018 [Section 2 of Finance Act 2018 deals with Income-tax. and is covered in CHAPTER II RATES OF INCOME-TAX] Income-tax. 2. (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2018, income-tax shall be charged at the rates specified in Part I… Read More »
Section 1 of Finance Act 2018 [Section 1 of Finance Act 2018 deals with Short title and commencement. and is covered in CHAPTER I PRELIMINARY ] Short title and commencement. 1. (1) This Act may be called the Finance Act, 2018. (2) Save as otherwise provided in this Act, sections 2 to 55 shall come into force on the… Read More »