Section 110 of Finance Act 2018 [Section 110 of Finance Act 2018 deals with Social Welfare Surcharge on imported goods and is covered in CHAPTER VI SOCIAL WELFARE SURCHARGE] Social Welfare Surcharge on imported goods 110 . (1) There shall be levied and collected, in accordance with the provisions of this Chapter, for the purposes of the Union,… Read More »
Section 109 of Finance Act 2018 [Section 109 of Finance Act 2018 deals with Collection and payment of arrears of duties and is covered in CHAPTER V REPEAL AND SAVINGS OF CERTAIN ENACTMENTS] Collection and payment of arrears of duties 109. Notwithstanding the repeal of the enactments specified in the Fifth Schedule, the proceeds of duties levied under… Read More »
Section 108 of Finance Act 2018 [Section 108 of Finance Act 2018 deals with Repeal and savings of certain enactments and is covered in CHAPTER V REPEAL AND SAVINGS OF CERTAIN ENACTMENTS] Repeal and savings of certain enactments 108. (1) The enactments specified in the third column of the Fifth Schedule are hereby repealed to the extent specified… Read More »
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 124 of Finance Act 2018 [Section 124 of Finance Act 2018 deals with Insertion of new section 7A and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 7A 124. After section 7 of the principal Act, the following section shall be inserted, namely:— “7A. Power to call for information.—The Central Government through any designated authority, may… Read More »
Section 125 of Finance Act 2018 [Section 125 of Finance Act 2018 deals with Amendment of section 8 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8 125. In section 8 of the principal Act, for the words “three thousand rupees”, the words “the prescribed limit” shall be substituted. Finance Act 2018 : Assented by President… Read More »
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 [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 [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 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 »