{"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":"144","heading":"Amendment of section 8A","text":"Amendment of section 8A 144. In the principal Act, in section 8A, in sub-section (1),— (a) | for the words \"twenty thousand rupees\", the words \"twenty-five thousand rupees\" shall be substituted; (b) | in the proviso, for the words \"fifteen hundred rupees\", the words \"two thousand rupees\" shall be substituted; (c) | after the proviso, the following sub-section shall be inserted, namely:— \"(1A) The pension and additional pension to every person shall be increased after every five years commencing from 1st April, 2023 on the basis of Cost Inflation Index provided under clause (v) of Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961).\".","html":"<p><b>Amendment of section 8A</b></p><p><b>144. </b>In the principal Act, in section 8A, in sub-section (1),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>for the words \"twenty thousand rupees\", the words \"twenty-five thousand rupees\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in the proviso, for the words \"fifteen hundred rupees\", the words \"two thousand rupees\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>after the proviso, the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>1A</i>) The pension and additional pension to every person shall be increased after every five years commencing from 1st April, 2023 on the basis of Cost Inflation Index provided under clause (<i>v</i>) of <i>Explanation </i>to section 48 of the Income-tax Act, 1961 (43 of 1961).\".</td></tr></table></div>","words":107,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2018/section/144/","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."}