{"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":"62","heading":"Amendment of section 194-I","text":"Amendment of section 194-I. 62. In section 194-I of the Income-tax Act, for clauses (a), (b) and (c ), the following clauses shall be substituted with effect from the 1st day of October, 2009, namely:— \"(a ) two per cent for the use of any machinery or plant or equipment; and (b ) ten per cent for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings:\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 194-I.</b></p><p><b>62.</b> In section 194-I of the Income-tax Act, for clauses (<i>a</i>), (<i>b</i>) and (<i>c</i> ), the following clauses shall be substituted with effect from the 1st day of October, 2009, namely:—</p><p>\"(<i>a</i> ) two per cent for the use of any machinery or plant or equipment; and</p><p>(<i>b</i> ) ten per cent for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings:\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":86,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2009/section/62/","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."}