{"act":{"id":"finance-act-2013","short_title":"The Finance Act, 2013","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2013-2014.","act_number":null,"act_year":2013,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":142,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2013/"},"unit":"section","section":{"number":"27","heading":"Amendment of section 115A","text":"Amendment of section 115A. 27. In section 115A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2014,— (I) | in clause (a),— (A) | after sub-clause (iiaa), the following sub-clause shall be inserted, namely:— \"(iiab) interest of the nature and extent referred to in section 194LD; or\"; (B) | in item (BA), after the words, brackets, figures and letters \"sub-clause (iiaa)\", the words, brackets, figures and letters \"or sub-clause (iiab)\" shall be inserted; (C) | in item (D), for the words, brackets, figures and letters \"sub-clause (iiaa)\", the words, brackets, figures and letters \"sub-clause (iiaa), sub-clause (iiab)\" shall be substituted; (II) | in clause (b), for sub-clauses (A), (AA), (B) and (BB), the following sub-clauses shall be substituted, namely:— \"(A) | the amount of income-tax calculated on the income by way of royalty, if any, included in the total income, at the rate of twenty-five per cent; (B) | the amount of income-tax calculated on the income by way of fees for technical services, if any, included in the total income, at the rate of twenty-five per cent; and\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115A.</b></p><p><b>27.</b> In section 115A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2014,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>I</i>)</td><td></td><td>in clause (<i>a</i>),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>after sub-clause (<i>iiaa</i>), the following sub-clause shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>iiab</i>) interest of the nature and extent referred to in section 194LD; or\";</td></tr><tr><td>(<i>B</i>)</td><td></td><td>in item (<i>BA</i>), after the words, brackets, figures and letters \"sub-clause (<i>iiaa</i>)\", the words, brackets, figures and letters \"or sub-clause (<i>iiab</i>)\" shall be inserted;</td></tr><tr><td>(<i>C</i>)</td><td></td><td>in item (<i>D</i>), for the words, brackets, figures and letters \"sub-clause (<i>iiaa</i>)\", the words, brackets, figures and letters \"sub-clause (<i>iiaa</i>), sub-clause (<i>iiab</i>)\" shall be substituted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>II</i>)</td><td></td><td>in clause (<i>b</i>), for sub-clauses (<i>A</i>), (<i>AA</i>), (<i>B</i>) and (<i>BB</i>), the following sub-clauses shall be substituted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>A</i>)</td><td></td><td>the amount of income-tax calculated on the income by way of royalty, if any, included in the total income, at the rate of twenty-five per cent;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>the amount of income-tax calculated on the income by way of fees for technical services, if any, included in the total income, at the rate of twenty-five per cent; and\".</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":192,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2013/section/27/","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."}