{"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":"40","heading":"Amendment of section 115-O","text":"Amendment of section 115-O. 40. In section 115-O of the Income-tax Act,— (a) | in sub-section (1), the following proviso shall be inserted, namely:— 'Provided that in respect of dividend referred to in sub-clause (e) of clause (22) of section 2, this sub-section shall have effect as if for the words \"fifteen per cent\", the words \"thirty per cent\" had been substituted;'; (b) | in sub-section (1B), the following proviso shall be inserted, namely:— \"Provided that this sub-section shall not apply in respect of dividend referred to in sub-clause (e) of clause (22) of section 2.\".","html":"<p><b>Amendment of section 115-O.</b></p><p><b>40.</b> In section 115-O of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (1), the following proviso shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'<b>Provided</b> that in respect of dividend referred to in sub-clause (<i>e</i>) of clause (<i>22</i>) of section 2, this sub-section shall have effect as if for the words \"fifteen per cent\", the words \"thirty per cent\" had been substituted;';</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (1B), the following proviso shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"<b>Provided</b> that this sub-section shall not apply in respect of dividend referred to in sub-clause (<i>e</i>) of clause (<i>22</i>) of section 2.\".</td></tr></table></div>","words":96,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2018/section/40/","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."}