{"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":"44","heading":"Amendment of section 115BBDA","text":"Amendment of section 115BBDA. 44. In section 115BBDA of the Income-tax Act [as inserted by section 52 of the Finance Act, 2016 (28 of 2016)], with effect from the 1st day of April, 2018,— (i) | in sub-section (1), for the words \"an assessee, being an individual, a Hindu undivided family or a firm\", the words \"a specified assessee\" shall be substituted; (ii) | for sub-section (3), the following Explanation shall be substituted, namely:— 'Explanation.—For the purposes of this section,— (a) | \"dividend\" shall have the meaning assigned to it in clause (22) of section 2 but shall not include sub-clause (e) thereof; (b) | \"specified assessee\" means a person other than,— (i) | a domestic company; or (ii) | a fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10; or (iii) | a trust or institution registered under section 12A or section 12AA.'.","html":"<p><b> Amendment of section 115BBDA.</b></p><p><b> 44. </b>In section 115BBDA of the Income-tax Act [as inserted by section 52 of the Finance Act, 2016 (28 of 2016)], with effect from the 1st day of April, 2018,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (1), for the words \"an assessee, being an individual, a Hindu undivided family or a firm\", the words \"a specified assessee\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for sub-section (3), the following <i>Explanation </i>shall be substituted, namely:<i>—</i></td></tr><tr><td></td><td></td><td>'<i>Explanation</i>.—For the purposes of this section,<i>—</i></td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>\"dividend\" shall have the meaning assigned to it in clause (<i>22</i>) of section 2 but shall not include sub-clause (<i>e</i>) thereof;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>\"specified assessee\" means a person other than,<i>—</i></td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>a domestic company; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>a fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (<i>iv</i>) or sub-clause (<i>v</i>) or sub-clause (<i>vi</i>) or sub-clause (<i>via</i>) of clause (<i>23C</i>) of section 10; or</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>a trust or institution registered under section 12A or section 12AA.'.</td></tr></table></div>","words":174,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/44/","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."}