{"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":"16","heading":"Amendment of section 80C","text":"Amendment of section 80C. 16. In section 80C of the Income-tax Act,— (I) | in sub-section (2), in clause (viii), for the words \"as subscription to\", the words, brackets and figure \"as subscription, in the name of any person specified in sub-section (4), to\" shall be substituted; (II) | in sub-section (4), after clause (b), the following clause shall be inserted, namely:— \"(ba) | for the purposes of clause (viii)of that sub-section, in the case of an individual, the individual or any girl child of that individual, or any girl child for whom such person is the legal guardian, if the scheme so specifies;\".","html":"<p><b>Amendment of section 80C.</b></p><p><b>16.</b> In section 80C of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>I</i>)</td><td></td><td>in sub-section (2), in clause (<i>viii</i>)<i>,</i> for the words \"as subscription to\", the words, brackets and figure \"as subscription, in the name of any person specified in sub-section (4), to\" shall be substituted;</td></tr><tr><td>(<i>II</i>)</td><td></td><td>in sub-section (4), after clause (<i>b</i>)<i>,</i> the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>ba</i>)</td><td></td><td>for the purposes of clause (<i>viii</i>)of that sub-section, in the case of an individual, the individual or any girl child of that individual, or any girl child for whom such person is the legal guardian, if the scheme so specifies;\".</td></tr></table></div>","words":104,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/16/","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."}