{"act":{"id":"finance-act-1999","short_title":"The Finance Act, 1999","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1999-2000.","act_number":null,"act_year":1999,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":102,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1999/"},"unit":"section","section":{"number":"43","heading":"Amendment of section 80G","text":"Amendment of section 80G. 43. In section 80G of the Income-tax Act, with effect from the 1st day of April, 2000,— (a ) in sub-section (1), in clause (i), after the words, brackets, figures and letters \"or sub-clause (iiihh)\", the words, brackets, figures and letters \"or sub-clause (iiihi)\" shall be inserted; (b ) in sub-section (2), in clause (a), after sub-clause (iiihh), the following sub-clause shall be inserted, namely :— \"(iiihi) the Fund for Technology Development and Application set up by the Central Government; or\"; (c ) after sub-section (5A) and before Explanation 1, the following sub-section shall be inserted, namely :— \"(5B) Notwithstanding anything contained in clause (ii) of sub-section (5) and Explanation 3, an institution or fund which incurs expenditure, during any previous year, which is of a religious nature for an amount not exceeding five per cent of its total income in that previous year shall be deemed to be an institution or fund to which the provisions of this section apply.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80G.</b></p><p><b>43.</b> In section 80G of the Income-tax Act, with effect from the 1st day of April, 2000,—</p><p>(<i>a</i> ) in sub-section (1), in clause (<i>i</i>), after the words, brackets, figures and letters \"or sub-clause (<i>iiihh</i>)\", the words, brackets, figures and letters \"or sub-clause (<i>iiihi</i>)\" shall be inserted;</p><p>(<i>b</i> ) in sub-section (2), in clause (<i>a</i>), after sub-clause (<i>iiihh</i>), the following sub-clause shall be inserted, namely :—</p><p>\"(<i>iiihi</i>) the Fund for Technology Development and Application set up by the Central Government; or\";</p><p>(<i>c</i> ) after sub-section (5A) and before <i>Explanation 1</i>, the following sub-section shall be inserted, namely :—</p><p>\"(5B) Notwithstanding anything contained in clause (<i>ii</i>) of sub-section (5) and <i>Explanation 3,</i> an institution or fund which incurs expenditure, during any previous year, which is of a religious nature for an amount not exceeding five per cent of its total income in that previous year shall be deemed to be an institution or fund to which the provisions of this section apply.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":171,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1999/section/43/","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."}