{"act":{"id":"finance-act-2014","short_title":"The Finance Act, 2014","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2014-2015.","act_number":"25","act_year":2014,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":129,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2014/"},"unit":"section","section":{"number":"28","heading":"Amendment of section 80CCD","text":"Amendment of section 80CCD. 28. In section 80CCD of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2015,— (i) | for the words, figures and letters \"Where an assessee, being an individual employed by the Central Government or any other employer on or after the 1st day of January, 2004\", the words, figures and letters \"Where an assessee, being an individual employed by the Central Government on or after the 1st day of January, 2004 or, being an individual employed by any other employer\" shall be substituted; (ii) | after sub-section (1), the following sub-section shall be inserted, namely:— \"(1A) The amount of deduction under sub-section (1) shall not exceed one hundred thousand rupees.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80CCD.</b></p><p><b>28.</b> In section 80CCD of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2015,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>for the words, figures and letters \"Where an assessee, being an individual employed by the Central Government or any other employer on or after the 1st day of January, 2004\", the words, figures and letters \"Where an assessee, being an individual employed by the Central Government on or after the 1st day of January, 2004 or, being an individual employed by any other employer\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after sub-section (1), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(1A) The amount of deduction under sub-section (1) shall not exceed one hundred thousand rupees.\".</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":126,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2014/section/28/","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."}