{"act":{"id":"finance-act-2009","short_title":"The Finance Act, 2009","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2009-2010.","act_number":null,"act_year":2009,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":89,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2009/"},"unit":"section","section":{"number":"43","heading":"Amendment of section 115BBC","text":"Amendment of section 115BBC. 43. In section 115BBC of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2010,— (a ) for clause (i), the following clause shall be substi­tuted, namely:— \"(i) the amount of income-tax calculated at the rate of thirty per cent on the aggregate of anonymous donations received in excess of the higher of the following, namely:— ( A)  five per cent of the total donations received by the assessee; or (B ) one lakh rupees; and\"; ( b)  for clause (ii),  the following clause shall be substituted, namely,— \"(ii) the amount of income-tax with which the assessee would have been chargeable had his total income been reduced by the aggregate of anonymous donations received.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115BBC.</b></p><p><b>43.</b> In section 115BBC of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2010,—</p><p>(<i>a</i> ) for clause (<i>i</i>), the following clause shall be substi­tuted, namely:—</p><p>\"(<i>i</i>) the amount of income-tax calculated at the rate of thirty per cent on the aggregate of anonymous donations received in excess of the higher of the following, namely:—</p><p><i> </i>( <i>A</i>)<i> </i> five per cent of the total donations received by the assessee; or</p><p>(<i>B</i> ) one lakh rupees; and\";</p><p><i> </i>( <i>b</i>)<i> </i> for clause (<i>ii</i>), <i> </i>the following clause shall be substituted, namely,—</p><p>\"(<i>ii</i>) the amount of income-tax with which the assessee would have been chargeable had his total income been reduced by the aggregate of anonymous donations received.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":129,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2009/section/43/","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."}