{"act":{"id":"finance-act-1976","short_title":"The Finance Act, 1976","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1976-1977.","act_number":"66","act_year":1976,"enact_date":"1976-05-27","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":32,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1976/"},"unit":"section","section":{"number":"19","heading":"Amendment of section 115","text":"Amendment of section 115 19. In section 115 of the Income-tax Act, in clause (i) with effect from the 1st day of April, 1977,— (a) in sub-clause (a) (1), for the words \"forty-seven per cent.\", the words \"forty per cent. \"shall be substituted; (b) in sub-clause (a) (2), for the words \"fifty-five per cent\", the words \"fifty per cent. \"shall be substituted; and (c) in sub-clause (b), for the words \"forty-five per cent\", the words \"forty per cent. \"shall be substituted. [Finance Act, 1976] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115</b></p><p><b>19.</b> In section 115 of the Income-tax Act, in clause (<i>i</i>) with effect from the 1st day of April, 1977,—</p><p>(<i>a</i>) in sub-clause (<i>a</i>) (<i>1</i>), for the words \"forty-seven per cent.\", the words \"forty per cent. \"shall be substituted;</p><p>(<i>b</i>) in sub-clause (<i>a</i>) (<i>2</i>), for the words \"fifty-five per cent\", the words \"fifty per cent. \"shall be substituted; and</p><p>(<i>c</i>) in sub-clause (<i>b</i>), for the words \"forty-five per cent\", the words \"forty per cent. \"shall be substituted.</p><p>[Finance Act, 1976]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":90,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1976/section/19/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}