{"act":{"id":"finance-act-2018","short_title":"The Finance Act, 2018","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2018-2019.","act_number":"13","act_year":2018,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":227,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2018/"},"unit":"section","section":{"number":"133","heading":"Amendment of section 15","text":"Amendment of section 15 133. In section 15 of the principal Act, in sub-section (2),— (i) | clause (a) shall be omitted; (ii) | for clause (b), the following clause shall be substituted, namely:— '' (b) the conditions as to interest or discount relating to deposits generally, or any class of deposits in particular;\"; (iii) | for clause (g), the following clause shall be substituted, namely:— \"(g) the fees that may be levied for discharge of any services under this Act;\"; (iv) | for clause (i), the following clauses shall be substituted, namely:— \"(i) the limit and procedure under clause (a) of sub-section (4) of section 4A; (j) the mode of making deposits, such as physical, electronic or through use of any other tools of communication and information technology; (k) benchmark for interest rates on deposits with a view to ensure financial sustainability of Savings Schemes; (l) amount to be excluded in computing the court fee chargeable under the Court-fees Act, 1870 (7 of 1870) for the purpose of section 8 of the Act; (m) mechanism for redressal of grievances and settlement of disputes; (n) any other matter which is required to be or may be, prescribed.\".","html":"<p><b> Amendment of section 15 </b></p><p><b> 133. </b>In section 15 of the principal Act, in sub-section (2),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>clause (<i>a</i>) shall be omitted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for clause (<i>b</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'' (<i>b</i>) the conditions as to interest or discount relating to deposits generally, or any class of deposits in particular;\";</td></tr><tr><td>(<i>iii</i>)</td><td></td><td>for clause (<i>g</i>), the following clause shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>g</i>) the fees that may be levied for discharge of any services under this Act;\";</td></tr><tr><td>(<i>iv</i>)</td><td></td><td>for clause (<i>i</i>), the following clauses shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>i</i>) the limit and procedure under clause (<i>a</i>) of sub-section (4) of section 4A;</td></tr><tr><td></td><td></td><td>(<i>j</i>) the mode of making deposits, such as physical, electronic or through use of any other tools of communication and information technology;</td></tr><tr><td></td><td></td><td>(<i>k</i>) benchmark for interest rates on deposits with a view to ensure financial sustainability of Savings Schemes;</td></tr><tr><td></td><td></td><td>(<i>l</i>) amount to be excluded in computing the court fee chargeable under the Court-fees Act, 1870 (7 of 1870) for the purpose of section 8 of the Act;</td></tr><tr><td></td><td></td><td>(<i>m</i>) mechanism for redressal of grievances and settlement of disputes;</td></tr><tr><td></td><td></td><td>(<i>n</i>) any other matter which is required to be or may be, prescribed.\".</td></tr></table></div>","words":197,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2018/section/133/","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."}