{"act":{"id":"finance-act-2004","short_title":"The Finance Act, 2004","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2004-2005.","act_number":null,"act_year":2004,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":68,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2004/"},"unit":"section","section":{"number":"41","heading":"Amendment of section 199","text":"Amendment of section 199. 41. In section 199 of the Income-tax Act,— (a ) in sub-section (1), for the portion beginning with the words and figures \"the provisions of sections 192\" and ending with the word, figures and letter \"section 196D\", the words \"the foregoing provisions of this Chapter\" shall be substituted with effect from the 1st day of October, 2004; (b ) after sub-section (2), the following sub-section shall be inserted at the end with effect from the 1st day of April, 2005, namely:— \"(3) Where any deduction is made in accordance with the foregoing provisions of this Chapter on or after the 1st day of April, 2005 and paid to the Central Government, the amount of tax deducted and specified in the statement referred to in section 203AA shall be treated as tax paid on behalf of the persons referred to in sub-section (1) or, as the case may be, sub-section (2) and credit shall be given to him for the amount so deducted in the assessment made under this Act for the assessment year for which such income is assessable without the production of certificate.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 199.</b></p><p><b>41.</b> In section 199 of the Income-tax Act,—</p><p>(<i>a</i> ) in sub-section (1), for the portion beginning with the words and figures \"the provisions of sections 192\" and ending with the word, figures and letter \"section 196D\", the words \"the foregoing provisions of this Chapter\" shall be substituted with effect from the 1st day of October, 2004;</p><p>(<i>b</i> ) after sub-section (2), the following sub-section shall be inserted at the end with effect from the 1st day of April, 2005, namely:—</p><p>\"(3) Where any deduction is made in accordance with the foregoing provisions of this Chapter on or after the 1st day of April, 2005 and paid to the Central Government, the amount of tax deducted and specified in the statement referred to in section 203AA shall be treated as tax paid on behalf of the persons referred to in sub-section (1) or, as the case may be, sub-section (2) and credit shall be given to him for the amount so deducted in the assessment made under this Act for the assessment year for which such income is assessable without the production of certificate.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":194,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2004/section/41/","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."}