Category Archives: News

Section 141 of Finance Act 2018 : Commencement of this Part

By | April 1, 2018

Section 141 of Finance Act 2018 [Section 141 of Finance Act 2018 deals with Amendment of section 3 of Act 20 of 1953 and is covered in CHAPTER VIII MISCELLANEOUS] PART V AMENDMENTS TO THE SALARY, ALLOWANCES AND PENSION OF MEMBERS OF PARLIAMENT ACT, 1954 Commencement of this Part 141. Save as otherwise provided, the provisions of this… Read More »

Section 140 of Finance Act 2018 : Amendment of section 3 of Act 20 of 1953

By | April 1, 2018

Section 140 of Finance Act 2018 [Section 140 of Finance Act 2018 deals with Amendment of section 3 of Act 20 of 1953 and is covered in CHAPTER VIII MISCELLANEOUS] PART IV AMENDMENT TO THE SALARIES AND ALLOWANCES OF OFFICERS OF PARLIAMENT ACT, 1953 Amendment of section 3 of Act 20 of 1953 140. In the Salaries and… Read More »

Section 139 of Finance Act 2018 : Amendment of section 3A

By | April 1, 2018

Section 139 of Finance Act 2018 [Section 139 of Finance Act 2018 deals with Amendment of section 3A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 3A 139. In section 3A of the principal Act, in clause (b), in sub-clause (ii), for the words “twelve thousand rupees”, the words “twenty thousand rupees” shall be substituted. Finance… Read More »

Section 138 of Finance Act 2018 : Amendment of section 2

By | April 1, 2018

Section 138 of Finance Act 2018 [Section 138 of Finance Act 2018 deals with Amendment of section 2 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 2 138. In section 2 of the principal Act, in sub-section (2), in clause (b), for the words “sixty thousand rupees”, the words “one lakh rupees” shall be substituted. Finance… Read More »

Section 137 of Finance Act 2018 : Amendment of section 1A

By | April 1, 2018

Section 137 of Finance Act 2018 [Section 137 of Finance Act 2018 deals with Amendment of section 1A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 1A 137. In section 1A of the President’s Emoluments and Pension Act, 1951 (30 of 1951) (hereafter referred to as the principal Act in this Part), for the words “one… Read More »

Section 136 of Finance Act 2018 : Commencement of this Part

By | April 1, 2018

Section 136 of Finance Act 2018 [Section 136 of Finance Act 2018 deals with Commencement of this Part and is covered in CHAPTER VIII MISCELLANEOUS] PART III AMENDMENTS TO THE P RESIDENT’S EMOLUMENTS AND PENSION ACT , 1951 Commencement of this Part 136. Save as otherwise provided, the provisions of this Part shall come into force on the… Read More »

Section 134 of Finance Act 2018 : Insertion of new section and Schedule

By | April 1, 2018

Section 134 of Finance Act 2018 [Section 134 of Finance Act 2018 deals with Insertion of new section and Schedule and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section and Schedule 134. After section 15 of the principal Act, the following shall be inserted, namely:— “16. Repeal and savings.—(1) The Government Savings Certificates Act, 1959 (46 of… Read More »

Section 133 of Finance Act 2018 : Amendment of section 15

By | April 1, 2018

Section 133 of Finance Act 2018 [Section 133 of Finance Act 2018 deals with Amendment of section 15 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 15 133. In section 15 of the principal Act, in sub-section (2),— (i) clause (a) shall be omitted; (ii) for clause (b), the following clause shall be substituted, namely:— ”… Read More »