{"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":"56","heading":"Amendment of section 244A","text":"Amendment of section 244A. 56. In section 244A of the Income-tax Act, with effect from the 1st day of April, 2006,— (a ) in sub-section (1), in clause (a),— (i) for the words \"out of any tax\", the words, figures and letters \"out of any tax paid under section 115WJ or\" shall be substituted; (ii) in the proviso, for the words \"under sub-section\", the words, brackets, figures and letters \"under sub-section (1) of section 115WE or sub-section\" shall be substituted; (b ) in sub-section (3), for the words \"result of an order under\", the words, brackets, figures and letters \"result of an order under sub-section (3) of section 115WE or section 115WF or section 115WG or\" shall be substituted; (c ) in sub-section (4), the following proviso shall be inserted, namely:— \" Provided that in respect of assessment of fringe benefits, the provisions of this sub-section shall have effect as if for the figures \"1989\", the figures \"2006\" had been substituted.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 244A.</b></p><p><b>56. </b>In section 244A of the Income-tax Act, with effect from the 1st day of April, 2006,—</p><p>(<i>a</i> ) in sub-section (1), in clause (<i>a</i>),—</p><p>(<i>i</i>) for the words \"out of any tax\", the words, figures and letters \"out of any tax paid under section 115WJ or\" shall be substituted;</p><p>(<i>ii</i>) in the proviso, for the words \"under sub-section\", the words, brackets, figures and letters \"under sub-section (1) of section 115WE or sub-section\" shall be substituted;</p><p>(<i>b</i> ) in sub-section (3), for the words \"result of an order under\", the words, brackets, figures and letters \"result of an order under sub-section (3) of section 115WE or section 115WF or section 115WG or\" shall be substituted;</p><p>(<i>c</i> ) in sub-section (4), the following proviso shall be inserted, namely:—</p><p>\" <b>Provided </b>that in respect of assessment of fringe benefits, the provisions of this sub-section shall have effect as if for the figures \"1989\", the figures \"2006\" had been substituted.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":167,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2005/section/56/","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."}