{"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":"38","heading":"Amendment of section 87A","text":"Amendment of section 87A. 38. In section 87A of the Income-tax Act, with effect from the 1st day of April, 2018,— (a) | for the words \"five hundred thousand rupees\", the words \"three hundred fifty thousand rupees\" shall be substituted; (b) | for the words \"five thousand rupees\" [as substituted by section 46 of the Finance Act, 2016 (28 of 2016)], the words \"two thousand five hundred rupees\" shall be substituted.","html":"<p><b> Amendment of section 87A.</b></p><p><b> 38. </b>In section 87A 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>for the words \"five hundred thousand rupees\", the words \"three hundred fifty thousand rupees\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>for the words \"five thousand rupees\" [as substituted by section 46 of the Finance Act, 2016 (28 of 2016)], the words \"two thousand five hundred rupees\" shall be substituted.</td></tr></table></div>","words":71,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/38/","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."}