{"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":"215","heading":"Amendment of section 7","text":"Amendment of section 7 215. In section 7 of the principal Act,— (a) | in sub-section (1), for the words \"every quarter\", the words \"on half-yearly basis\" shall be substituted; (b) | after sub-section (1), the following sub-section shall be inserted, namely:— \"(1A) The Central Government shall prepare a monthly statement of its accounts.\"; (c) | in sub-section (2), for the words \"pre-specified levels mentioned in the Fiscal Policy Strategy Statement and the rules made under this Act\", the words \"prescribed levels\" shall be substituted.","html":"<p><b>Amendment of section 7</b></p><p><b>215</b>. In section 7 of the principal Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (1), for the words \"every quarter\", the words \"on half-yearly basis\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after sub-section (1), the following sub-section shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>1A</i>) The Central Government shall prepare a monthly statement of its accounts.\";</td></tr><tr><td>(<i>c</i>)</td><td></td><td>in sub-section (2), for the words \"pre-specified levels mentioned in the Fiscal Policy Strategy Statement and the rules made under this Act\", the words \"prescribed levels\" shall be substituted.</td></tr></table></div>","words":85,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2018/section/215/","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."}