{"act":{"id":"finance-act-2019-no-1","short_title":"The Finance Act, 2019 (No. 1)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":22,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-1/"},"unit":"section","section":{"number":"19","heading":"Insertion of new section 73A","text":"Insertion of new section 73A 19. After section 73 of the principal Act, the following section shall be inserted, namely:— \"73A. Power of Central Government to make rules.—(1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of Part AA of Chapter II. (2) Without prejudice to the generality of the provisions of sub-section (1), the Central Government may make rules for all or any of the following matters, namely:— (a) | the manner of collection of stamp-duty on behalf of the State Government by the stock exchange or the clearing corporation authorised by it, from its buyer under clause (a) of sub-section (1) of section 9A; (b) | the manner of collection of stamp-duty on behalf of the State Government by the depository from the transferor under clause (b) of sub-section (1) of section 9A; (c) | the manner of collection of stamp-duty on behalf of the State Government by the depository from the issuer under clause (c) of sub-section (1) of section 9A; (d) | the manner of transfer of stamp-duty to the State Government under sub-section (4) of section 9A; (e) | any other matter which has to be, or may be, provided by rules.\".","html":"<p><b>Insertion of new section 73A</b></p><p><b>19. </b>After section 73 of the principal Act, the following section shall be inserted, namely:—</p><p>\"73A. <i>Power of Central Government to make rules</i>.—(1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of Part AA of Chapter II.</p><p><span class=\"num\">(2)</span> Without prejudice to the generality of the provisions of sub-section (1), the Central Government may make rules for all or any of the following matters, namely:—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>the manner of collection of stamp-duty on behalf of the State Government by the stock exchange or the clearing corporation authorised by it, from its buyer under clause (<i>a</i>) of sub-section (1) of section 9A;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>the manner of collection of stamp-duty on behalf of the State Government by the depository from the transferor under clause (<i>b</i>) of sub-section (1) of section 9A;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>the manner of collection of stamp-duty on behalf of the State Government by the depository from the issuer under clause (<i>c</i>) of sub-section (1) of section 9A;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>the manner of transfer of stamp-duty to the State Government under sub-section (4) of section 9A;</td></tr><tr><td>(<i>e</i>)</td><td></td><td>any other matter which has to be, or may be, provided by rules.\".</td></tr></table></div>","words":206,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-1/section/19/","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."}