{"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":"80","heading":"Amendment of section 195","text":"Amendment of section 195. 80. In section 195 of the Income-tax Act,— (a ) in sub-section (1),— (i) the brackets and words \"(not being interest on securities)\" shall be omitted with effect from the 1st day of June, 2003; (ii) after the proviso and before the Explanation, the following proviso shall be inserted, namely:— \" Provided further that no such deduction shall be made in respect of any dividends referred to in section 115-O.\"; (b ) in sub-section (2), for the brackets and words \"(other than interest on securities and salary)\", the brackets and words \"(other than salary)\" shall be substituted with effect from the 1st day of June, 2003. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 195.</b></p><p><b>80.</b> In section 195 of the Income-tax Act,—</p><p>(<i>a</i> ) in sub-section (1),—</p><p>(<i>i</i>) the brackets and words \"(not being interest on securities)\" shall be omitted with effect from the 1st day of June, 2003;</p><p>(<i>ii</i>) after the proviso and before the <i>Explanation,</i> the following proviso shall be inserted, namely:—</p><p>\" <b>Provided further</b> that no such deduction shall be made in respect of any dividends referred to in section 115-O.\";</p><p>(<i>b</i> ) in sub-section (2), for the brackets and words \"(other than interest on securities and salary)\", the brackets and words \"(other than salary)\" shall be substituted with effect from the 1st day of June, 2003.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":116,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2003/section/80/","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."}