{"act":{"id":"finance-act-2005","short_title":"The Finance Act, 2005","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2005-2006.","act_number":"18","act_year":2005,"enact_date":"2005-05-13","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":70,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2005/"},"unit":"section","section":{"number":"35","heading":"Amendment of section 115JAA","text":"Amendment of section 115JAA. 35. In section 115JAA of the Income-tax Act, with effect from the 1st day of April, 2006,— (a ) after sub-section (1), the following sub-section shall be inserted, namely:— \"(1A) Where any amount of tax is paid under sub-section (1) of section 115JB by an assessee, being a company for the assessment year commencing on the 1st day of April, 2006 and any subsequent assessment year, then, credit in respect of tax so paid shall be allowed to him in accordance with the provisions of this section.\"; (b ) in sub-section (2), for the words, brackets, figures and letters \"under sub-section (1) of section 115JA\", the words, brackets, figures and letters \"under sub-section (1) of section 115JA or under sub-section (1) of section 115JB, as the case may be,\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115JAA.</b></p><p><b>35.</b> In section 115JAA of the Income-tax Act, with effect from the 1st day of April, 2006,—</p><p>(<i>a</i> ) after sub-section (1), the following sub-section shall be inserted, namely:—</p><p>\"(1A) Where any amount of tax is paid under sub-section (1)<i> </i>of section 115JB by an assessee, being a company for the assessment year commencing on the 1st day of April, 2006 and any subsequent assessment year, then, credit in respect of tax so paid shall be allowed to him in accordance with the provisions of this section.\";</p><p>(<i>b</i> ) in sub-section (2), for the words, brackets, figures and letters \"under sub-section (1)<i> </i>of section 115JA\", the words, brackets, figures and letters \"under sub-section (1) of section 115JA or under sub-section (1) of section 115JB, as the case may be,\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":142,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2005/section/35/","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."}