{"act":{"id":"finance-act-2001","short_title":"The Finance Act, 2001","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2001-2002.","act_number":null,"act_year":2001,"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-2001/"},"unit":"section","section":{"number":"74","heading":"Amendment of section 201","text":"Amendment of section 201. 74. In section 201 of the Income-tax Act,— (a) in sub-section (1), after the words \"does not deduct\", the words \"the whole or any part of the tax\" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962; (b) in sub-section (1A),— (i) after the words \"does not deduct\", the words \"the whole or any part of the tax\" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962; (ii) for the words \"eighteen per cent\", the words \"fifteen per cent\" shall be substituted with effect from the 1st day of June, 2001. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 201.</b></p><p><b>74.</b> In section 201 of the Income-tax Act,—</p><p>(<i>a</i>) in sub-section (1), after the words \"does not deduct\", the words \"the whole or any part of the tax\" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962;</p><p>(<i>b</i>) in sub-section (1A),—</p><p>(<i>i</i>) after the words \"does not deduct\", the words \"the whole or any part of the tax\" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962;</p><p>(<i>ii</i>) for the words \"eighteen per cent\", the words \"fifteen per cent\" shall be substituted with effect from the 1st day of June, 2001.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":123,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2001/section/74/","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."}