{"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":"78","heading":"Amendment of section 234A","text":"Amendment of section 234A. 78. In section 234A of the Income-tax Act,— (a) in sub-section (1),— (i) for the words \"one and one-half per cent\", the words \"one and one-fourth per cent\" shall be substituted with effect from the 1st day of June, 2001; (ii) Explanation 4 shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1989; (b) in sub-section (3), for the words \"one and one-half per cent\", the words \"one and one-fourth 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 234A.</b></p><p><b>78.</b> In section 234A of the Income-tax Act,—</p><p>(<i>a</i>) in sub-section (1),—</p><p>(<i>i</i>) for the words \"one and one-half per cent\", the words \"one and one-fourth per cent\" shall be substituted with effect from the 1st day of June, 2001;</p><p>(<i>ii</i>) <i>Explanation 4</i> shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1989;</p><p>(<i>b</i>) in sub-section (3), for the words \"one and one-half per cent\", the words \"one and one-fourth per cent\" shall be substi­tuted with effect from the 1st day of June, 2001.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":104,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2001/section/78/","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."}