{"act":{"id":"finance-act-1977","short_title":"The Finance Act, 1977","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1977-1978.","act_number":"11","act_year":1977,"enact_date":"1977-08-06","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":37,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1977/"},"unit":"section","section":{"number":"25","heading":"Insertion of new section 206B","text":"Insertion of new section 206B 25. In the Income-tax Act, after section 2I06A and before the heading \"C.-Advance payment of tax\", the following section shall be inserted with effect from the 1st day of October, 1977, namely: — Person paying dividend to certain residents without deduction of tax to furnish prescribed return \"206B. Any person responsible for paying any dividend referred to in section 194 shall prepare, and within thirty days from the 31st day of March in each year, deliver or cause to be delivered to the Income-tax Officer in the prescribed form and verified in the prescribed manner, a return in writing showing— (a) the name and address of every person who has furnished to him a statement under the first proviso to section 194; (b) the amount of the dividend paid or distributed during the financial year to each such person; and (c) such other particulars as may be prescribed.\". [Finance (No. 2) Act, 1977] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Insertion of new section 206B</b></p><p><b>25.</b> In the Income-tax Act, after section 2I06A and before the heading \"C.-<i>Advance payment of tax\"</i>, the following section shall be inserted with effect from the 1st day of October, 1977, namely: —</p><p><b>Person paying dividend to certain residents without deduction of tax to furnish prescribed return</b></p><p>\"206B. Any person responsible for paying any dividend referred to in section 194 shall prepare, and within thirty days from the 31st day of March in each year, deliver or cause to be delivered to the Income-tax Officer in the prescribed form and verified in the prescribed manner, a return in writing showing—</p><p>(<i>a</i>) the name and address of every person who has furnished to him a statement under the first proviso to section 194;</p><p>(<i>b</i>) the amount of the dividend paid or distributed during the financial year to each such person; and</p><p>(<i>c</i>) such other particulars as may be prescribed.\".</p><p>[Finance (No. 2) Act, 1977]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":164,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1977/section/25/","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."}