{"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":"28","heading":"Amendment of section 55","text":"Amendment of section 55. 28. In section 55 of the Income-tax Act, with effect from the 1st day of April, 2018,— (A) | in sub-section (1), in clause (b), in sub-clause (2), in item (i), for the figures, letters and words \"1st day of April, 1981\", the figures, letters and words \"1st day of April, 2001\" shall be substituted; (B) | in sub-section (2), in clause (b), for the figures, letters and words \"1st day of April, 1981\" wherever they occur, the figures, letters and words \"1st day of April, 2001\" shall be substituted.","html":"<p><b> Amendment of section 55.</b></p><p><b> 28. </b>In section 55 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>A</i>)</td><td></td><td>in sub-section (1), in clause (<i>b</i>), in sub-clause (<i>2</i>), in item (<i>i</i>), for the figures, letters and words \"1st day of April, 1981\", the figures, letters and words \"1st day of April, 2001\" shall be substituted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>in sub-section (2), in clause (<i>b</i>), for the figures, letters and words \"1st day of April, 1981\" wherever they occur, the figures, letters and words \"1st day of April, 2001\" shall be substituted.</td></tr></table></div>","words":94,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/28/","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."}