{"act":{"id":"finance-act-2017","short_title":"The Finance Act, 2017","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2017-2018.","act_number":null,"act_year":2017,"enact_date":"2017-04-17","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":198,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2017/"},"unit":"section","section":{"number":"17","heading":"Amendment of section 43B","text":"Amendment of section 43B. 17. In section 43B of the Income-tax Act, with effect from the 1st day of April, 2018,— (i) | in clause (e), after the words \"scheduled bank\", the words \"or a co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank\" shall be inserted; (ii) | in Explanation 4, after clause (c), the following clause shall be inserted, namely:— '(d) | \"co-operative bank\", \"primary agricultural credit society\" and \"primary co-operative agricultural and rural development bank\" shall have the meanings respectively assigned to them in the Explanation to sub-section (4) of section 80P.'.","html":"<p><b> Amendment of section 43B.</b></p><p><b> 17. </b>In section 43B of the Income-tax Act, with effect from the 1st day of April, 2018,<i>—</i></p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in clause (<i>e</i>), after the words \"scheduled bank\", the words \"or a co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank\" shall be inserted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in <i>Explanation 4</i>, after clause (<i>c</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>'(<i>d</i>)</td><td></td><td>\"co-operative bank\", \"primary agricultural credit society\" and \"primary co-operative agricultural and rural development bank\" shall have the meanings respectively assigned to them in the <i>Explanation </i>to sub-section (4) of section 80P.'.</td></tr></table></div>","words":104,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/17/","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."}