Section 219 of Finance Act 2018 [Section 219 of Finance Act 2018 deals with Amendment of Act 22 of 2015 and is covered in CHAPTER VIII MISCELLANEOUS] PART XVIII AMENDMENTS TO THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 Amendment of Act 22 of 2015 219. In the Black Money (Undisclosed Foreign… Read More »
Section 218 of Finance Act 2018 [Section 218 of Finance Act 2018 deals with Amendment of Act 17 of 2013 and is covered in CHAPTER VIII MISCELLANEOUS] PART XVII AMENDMENTS TO THE FINANCE ACT, 2013 Amendment of Act 17 of 2013 218. In the Finance Act, 2013,— (a) in section 116, in clause (7), after the words “sale… Read More »
Section 217 of Finance Act 2018 [Section 217 of Finance Act 2018 deals with Amendment of Act 23 of 2004 and is covered in CHAPTER VIII MISCELLANEOUS] PART XVI AMENDMENT TO THE FINANCE (NO.2) ACT, 2004 Amendment of Act 23 of 2004 217. In section 97 of the Finance (No.2) Act, 2004, for clause (5), with effect from… Read More »
Section 216 of Finance Act 2018 [Section 216 of Finance Act 2018 deals with Amendment of section 8 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8 216 . In section 8 of the principal Act, in sub-section (2),— (i) clause (ca) shall be omitted; (ii) after clause (d), the following clause shall be inserted, namely:—… Read More »
Section 215 of Finance Act 2018 [Section 215 of Finance Act 2018 deals with Amendment of section 7 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 7 215 . In section 7 of the principal Act,— (a) in sub-section (1), for the words “every quarter”, the words “on half-yearly basis” shall be substituted; (b) after sub-section… Read More »
Section 214 of Finance Act 2018 [Section 214 of Finance Act 2018 deals with Amendment of section 5 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 5 214 . In section 5 of the principal Act,— (a) for sub-section (3), the following sub-section shall be substituted, namely:— “(3) Notwithstanding anything contained in sub-section (1), the Reserve… Read More »
Section 213 of Finance Act 2018 [Section 213 of Finance Act 2018 deals with Amendment of section 4 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4 213 . For section 4 of the principal Act, the following section shall be substituted, namely:— “4. Fiscal management principles—(1) The Central Government shall,— (a) take appropriate measures to limit… Read More »
Section 212 of Finance Act 2018 [Section 212 of Finance Act 2018 deals with Amendment of section 3 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 3 212 . In section 3 of the principal Act,— (a) in sub-section (3), item (i) shall be omitted; (b) in sub-section (6), in clause (b), the words “revenue balance… Read More »
Section 211 of Finance Act 2018 [Section 211 of Finance Act 2018 deals with Amendment of section 2 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 2 211. In section 2 of the principal Act,— (i) for clause (aa), the following clause shall be substituted, namely:— ‘(aa) “Central Government debt” at any date means— (i) the… Read More »
Section 210 of Finance Act 2018 [Section 210 of Finance Act 2018 deals with Amendment of long title and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of long title 210. In the Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003) (hereafter in this Part referred to as the principal Act), in the long title, the words… Read More »