{"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":"57","heading":"Amendment of section 140A","text":"Amendment of section 140A. 57. In section 140A of the Income-tax Act, with effect from the 1st day of April, 2018,— (i) | in sub-section (1),— (a) | in the long line,— (A) | after the words \"together with interest\", the words \"and fee\" shall be inserted; (B) | for the words \"and interest\", the words, \", interest and fee\" shall be substituted; (b) | in the Explanation, for the words \"and interest as aforesaid, the amount so paid shall first be adjusted towards\", the words \", interest and fee as aforesaid, the amount so paid shall first be adjusted towards the fee payable and thereafter towards\" shall be substituted; (ii) | in sub-section (3), for the words \"or interest or both\" at both the places where they occur, the words \", interest or fee\" shall be substituted.","html":"<p><b> Amendment of section 140A.</b></p><p><b> 57. </b>In section 140A 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 sub-section (1),—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in the long line,<i>—</i></td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>A</i>)</td><td></td><td>after the words \"together with interest\", the words \"and fee\" shall be inserted;</td></tr><tr><td>(<i>B</i>)</td><td></td><td>for the words \"and interest\", the words, \", interest and fee\" shall be substituted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>b</i>)</td><td></td><td>in the <i>Explanation</i>, for the words \"and interest as aforesaid, the amount so paid shall first be adjusted towards\", the words \", interest and fee as aforesaid, the amount so paid shall first be adjusted towards the fee payable and thereafter towards\" shall be substituted;</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (3), for the words \"or interest or both\" at both the places where they occur, the words \", interest or fee\" shall be substituted.</td></tr></table></div>","words":138,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2017/section/57/","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."}