{"act":{"id":"finance-act-2015","short_title":"The Finance Act, 2015","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2015-2016.","act_number":"20","act_year":2015,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":165,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2015/"},"unit":"section","section":{"number":"143","heading":"Amendment of section 46","text":"Amendment of section 46 143. In section 46 of the Foreign Exchange Act, in sub-section (2),— (i) | after clause (a), the following clauses shall be inserted, namely:— \"(aa) | the instruments which are determined to be debt instruments under sub-section (7) of section 6; (ab) | the permissible classes of capital account transactions in accordance with sub-section (2A) of section 6, the limits of admissibility of foreign exchange, and the prohibition, restriction or regulation of such transactions;\"; (ii) | after clause (g), the following clause shall be inserted, namely:— \"(gg) | the aggregate value of foreign exchange referred to in sub-section (1) of section 37A;''.","html":"<p><b>Amendment of section 46</b></p><p><b>143.</b> In section 46 of the Foreign Exchange Act, in sub-section (<i>2</i>),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>after clause (<i>a</i>), the following clauses shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>aa</i>)</td><td></td><td>the instruments which are determined to be debt instruments under sub-section (<i>7</i>) of section 6;</td></tr><tr><td>(<i>ab</i>)</td><td></td><td>the permissible classes of capital account transactions in accordance with sub-section (<i>2A</i>) of section 6, the limits of admissibility of foreign exchange, and the prohibition, restriction or regulation of such transactions;\";</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>after clause (<i>g</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>gg</i>)</td><td></td><td>the aggregate value of foreign exchange referred to in sub-section (<i>1</i>) of section 37A;''.</td></tr></table></div>","words":106,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/143/","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."}