{"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":"19","heading":"Amendment of section 44AA","text":"Amendment of section 44AA. 19. In section 44AA of the Income-tax Act, in sub-section (2), the following provisos shall be inserted with effect from the 1st day of April, 2018, namely:— 'Provided that in the case of a person being an individual or a Hindu undivided family, the provisions of clause (i) and clause (ii) shall have effect, as if for the words \"one lakh twenty thousand rupees\", the words \"two lakh fifty thousand rupees\" had been substituted: Provided further that in the case of a person being an individual or a Hindu undivided family, the provisions of clause (i) and clause (ii) shall have effect, as if for the words \"ten lakh rupees\", the words \"twenty-five lakh rupees\" had been substituted.'.","html":"<p><b> Amendment of section 44AA.</b></p><p><b> 19. </b>In section 44AA of the Income-tax Act, in sub-section (2), the following provisos shall be inserted with effect from the 1st day of April, 2018, namely<i>:—</i></p><p>'<b>Provided </b>that in the case of a person being an individual or a Hindu undivided family, the provisions of clause (<i>i</i>) and clause (<i>ii</i>) shall have effect, as if for the words \"one lakh twenty thousand rupees\", the words \"two lakh fifty thousand rupees\" had been substituted:</p><p><b>Provided further </b>that in the case of a person being an individual or a Hindu undivided family, the provisions of clause (<i>i</i>) and clause (<i>ii</i>) shall have effect, as if for the words \"ten lakh rupees\", the words \"twenty-five lakh rupees\" had been substituted.'.</p>","words":122,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/19/","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."}