{"act":{"id":"finance-act-2016","short_title":"The Finance Act, 2016","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2016-2017.","act_number":null,"act_year":2016,"enact_date":"2016-06-27","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":276,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2016/"},"unit":"section","section":{"number":"12","heading":"Amendment of section 28","text":"Amendment of section 28. 12. In section 28 of the Income-tax Act, in clause (va), with effect from the 1st day of April, 2017,— (A) | in sub-clause (a), after the words \"any business\", the words \"or profession\" shall be inserted; (B) | in the proviso, in clause (i), after the words \"any business\", the words \"or profession\" shall be inserted.","html":"<p><b>Amendment of section 28.</b></p><p><b>12.</b> In section 28 of the Income-tax Act, in clause (<i>va</i>), with effect from the 1st day of April, 2017,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>in sub-clause (<i>a</i>), after the words \"any business\", the words \"or profession\" shall be inserted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>in the proviso, in clause (<i>i</i>), after the words \"any business\", the words \"or profession\" shall be inserted.</td></tr></table></div>","words":61,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2016/section/12/","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."}