{"act":{"id":"finance-act-2008","short_title":"The Finance Act, 2008","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2008-2009.","act_number":null,"act_year":2008,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":71,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2008/"},"unit":"section","section":{"number":"48","heading":"Amendment of section 206C","text":"Amendment of section 206C. 48. In section 206C of the Income-tax Act,— (a ) for sub-section (4), the following sub-section shall be substituted, namely:— \"(4) Any amount collected in accordance with the provisions of this section and paid to the credit of the Central Government shall be deemed to be a payment of tax on behalf of the person from whom the amount has been collected and credit shall be given to such person for the amount so collected in a particular assessment year in accordance with the rules as may be prescribed by the Board from time to time.\"; (b ) in sub-section (5), in the first proviso, for the figures, letters and words ‘1st day of April, 2008’, the figures, letters and words ‘1st day of April, 2010’ shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 206C.</b></p><p><b>48.</b> In section 206C of the Income-tax Act,—</p><p>(<i>a</i> ) for sub-section (4), the following sub-section shall be substituted, namely:—</p><p>\"(4) Any amount collected in accordance with the provisions of this section and paid to the credit of the Central Government shall be deemed to be a payment of tax on behalf of the person from whom the amount has been collected and credit shall be given to such person for the amount so collected in a particular assessment year in accordance with the rules as may be prescribed by the Board from time to time.\";</p><p>(<i>b</i> ) in sub-section (5), in the first proviso, for the figures, letters and words ‘1st day of April, 2008’, the figures, letters and words ‘1st day of April, 2010’ shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":139,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2008/section/48/","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."}