{"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":"83","heading":"Amendment of section 194LBB","text":"Amendment of section 194LBB. 83. In section 194LBB of the Income-tax Act, for the words \"deduct income-tax thereon at the rate of ten per cent\", the following shall be substituted with effect from the 1st day of June, 2016, namely:— \"deduct income-tax thereon,— (i) | at the rate of ten per cent, where the payee is a resident; (ii) | at the rates in force, where the payee is a non-resident (not being a company) or a foreign company.\". Provided that where the payee is a non-resident (not being a company) or a foreign company, no deduction shall be made in respect of any income that is not chargeable to tax under the provisions of the Act.\"","html":"<p><b> Amendment of section 194LBB.</b></p><p><b> 83.</b> In section 194LBB of the Income-tax Act, for the words \"deduct income-tax thereon at the rate of ten per cent\", the following shall be substituted with effect from the 1st day of June, 2016, namely:—</p><p>\"deduct income-tax thereon,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>at the rate of ten per cent, where the payee is a resident;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>at the rates in force, where the payee is a non-resident (not being a company) or a foreign company.\".</td></tr></table></div><p><b>Provided </b>that where the payee is a non-resident (not being a company) or a foreign company, no deduction shall be made in respect of any income that is not chargeable to tax under the provisions of the Act.\"</p>","words":117,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2016/section/83/","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."}