{"act":{"id":"finance-act-1992","short_title":"The Finance Act, 1992","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1992-1993.","act_number":"18","act_year":1992,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":109,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1992/"},"unit":"section","section":{"number":"8","heading":"Amendment of section 17","text":"Amendment of section 17. 8. In section 17 of the Income-tax Act, in clause (2), with effect from the 1st day of April, 1993,— (1) in the proviso,— (a) for clause (ii), the following clause shall be substituted, namely: — \" (ii) any sum paid by the employer— (a) in respect of any expenditure actually incurred by the employee on his medical treatment or treatment of any member of his family in any hospital maintained by the' Government or any local authority or any other hospital approved by the Government for the purposes of medical treatment of its employees; (b) directly to a hospital, approved by the Chief Commissioner having regard to the prescribed guidelines for the purposes of medical treatment of the prescribed diseases or ailments, on account of such treatment of the employee or any member of his family;\"; (b) in clause (vi), for the words \"one lakh rupees\", the words \"two lakh rupees\" shall be substituted; (2) in the Explanation, in clause (i), after the words \"or a clinic\", the words \"or a nursing home\" shall be inserted. [Finance Act, 1992] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p>Amendment of section 17.</p><p><b>8.</b> In section 17 of the Income-tax Act, in clause <i>(2),</i> with effect from the 1st day of April, 1993,—</p><p>(<i>1</i>) in the proviso,—</p><p>(<i>a</i>) for clause <i>(ii),</i> the following clause shall be substituted, namely: —</p><p>\" (<i>ii</i>) any sum paid by the employer—</p><p>(<i>a</i>) in respect of any expenditure actually incurred by the employee on his medical treatment or treatment of any member of his family in any hospital maintained by the' Government or any local authority or any other hospital approved by th<sub>e</sub> Government for the purposes of medical treatment of its employees;</p><p>(<i>b</i>) directly to a hospital, approved by the Chief Commissioner having regard to the prescribed guidelines for the purposes of medical treatment of the prescribed diseases or ailments, on account of such treatment of the employee or any member of his family;\";</p><p>(<i>b</i>) in clause <i>(vi),</i> for the words \"one lakh rupees\", the words \"two lakh rupees\" shall be substituted;</p><p>(<i>2</i>) in the <i>Explanation,</i> in clause (<i>i</i>), after the words \"or a clinic\", the words \"or a nursing home\" shall be inserted.</p><p>[Finance Act, 1992]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":190,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1992/section/8/","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."}