{"act":{"id":"finance-act-1993","short_title":"The Finance Act, 1993","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1993-1994.","act_number":"38","act_year":1993,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":43,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1993/"},"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), in the proviso, in clause (vi),— (a) in sub-clause: (2)/; for the the words \"travel or stay \"the words \"travel and stay\" shall be substituted; (b )for the portion beginning with the words \"subject to the condition\", and ending with the words \"Reserve Bank of India in this behalf, prescribe\", the following shall be substituted, namely:— \"subject to the condition that— (A) the expenditure on medical treatment and stay abroad shall be excluded from perquisite only to the extent permitted by the, Reserve Bank of India; and (B) the expenditure on travel shall be excluded from perquisite only in the case of an employee whose gross total income, as computed before including therein the said expenditure, does not exceed two lakh rupees\". [Finance Act, 1993] © 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>), in the proviso, in clause <i>(vi),</i><i>—</i></p><p>(<i>a</i>) in sub-clause: (<i>2</i>)/; for the the words \"travel or stay \"the <i>words</i> \"travel and stay\" shall be substituted;</p><p>(<i>b</i> )for the portion beginning with the words \"subject to the condition\", and ending with the words \"Reserve Bank of India in this behalf, prescribe\", the following shall be substituted, namely:—</p><p>\"subject to the condition that—</p><p>(<i>A</i>) the expenditure on medical treatment and stay abroad shall be excluded from perquisite only to the extent permitted by the, Reserve Bank of India; and</p><p>(<i>B</i>) the expenditure on travel shall be excluded from perquisite only in the case of an employee whose gross total income, as computed before including therein the said expenditure, does not exceed two lakh rupees\".</p><p>[Finance Act, 1993]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":146,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1993/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."}