{"act":{"id":"finance-act-2012","short_title":"The Finance Act, 2012","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013.","act_number":null,"act_year":2012,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":121,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2012/"},"unit":"section","section":{"number":"78","heading":"Amendment of section 197A","text":"Amendment of section 197A. 78. In section 197A of the Income-tax Act, with effect from the 1st day of July, 2012,— (a) in sub-section (1C), for the words \"sixty-five years\", the words \"sixty years\" shall be substituted; (b) after sub-section (1E), the following sub-section shall be inserted, namely:— \"(1F) Notwithstanding anything contained in this Chapter, no deduction of tax shall be made from such specified payment to such institution, association or body or class of institutions, associations or bodies as may be notified by the Central Government in the Official Gazette, in this behalf.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 197A.</b></p><p><b>78.</b> In section 197A of the Income-tax Act, with effect from the 1st day of July, 2012,—</p><p>(<i>a</i>) in sub-section (1C), for the words \"sixty-five years\", the words \"sixty years\" shall be substituted;</p><p>(<i>b</i>) after sub-section (1E), the following sub-section shall be inserted, namely:—</p><p>\"(1F) Notwithstanding anything contained in this Chapter, no deduction of tax shall be made from such specified payment to such institution, association or body or class of institutions, associations or bodies as may be notified by the Central Government in the Official Gazette, in this behalf.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":100,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2012/section/78/","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."}