{"act":{"id":"finance-act-2003","short_title":"The Finance Act, 2003","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2003-2004.","act_number":null,"act_year":2003,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":108,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2003/"},"unit":"section","section":{"number":"50","heading":"Amendment of section 115A","text":"Amendment of section 115A. 50. In section 115A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2004,— (i ) in clause (a), for the word \"dividends\", at both the places where it occurs, the words, figures and letter \"dividends other than dividends referred to in section 115-O\" shall be substituted; (ii ) in clause (b), in the opening portion, for the words \"a foreign company, includes any income by way of royalty or fees for technical services\", the words, brackets, figures and let­ters a non-resident (not being a company) or a foreign company, includes any income by way of royalty or fees for technical services other than income referred to in sub-section (1) of section 44DA\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115A.</b></p><p><b>50.</b> In section 115A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2004,—</p><p>(<i>i</i> ) in clause (<i>a</i>), for the word \"dividends\", at both the places where it occurs, the words, figures and letter \"dividends other than dividends referred to in section 115-O\" shall be substituted;</p><p>(<i>ii</i> ) in clause (<i>b</i>), in the opening portion, for the words \"a foreign company, includes any income by way of royalty or fees for technical services\", the words, brackets, figures and let­ters a non-resident (not being a company) or a foreign company, includes any income by way of royalty or fees for technical services other than income referred to in sub-section (1) of section 44DA\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":132,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2003/section/50/","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."}