{"act":{"id":"finance-act-2019-no-2","short_title":"The Finance Act, 2019 (No. 2)","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":217,"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-2/"},"unit":"section","section":{"number":"50","heading":"Amendment of section 201","text":"Amendment of section 201 50. In section 201 of the Income-tax Act, with effect from the 1st day of September, 2019,— (a) | in sub-section (1), in the first proviso, for the word \"resident\" wherever it occurs, the word \"payee\" shall be substituted; (b) | in sub-section (1A), in the proviso, for the word \"resident\" wherever it occurs, the word \"payee\" shall be substituted; (c) | in sub-section (3), after the words \"credit is given\", the words, brackets and figures \"or two years from the end of the financial year in which the correction statement is delivered under the proviso to sub-section (3) of section 200, whichever is later\" shall be inserted.","html":"<p><b><b>Amendment of section 201</b></b></p><p><b><b>50</b>.</b> In section 201 of the Income-tax Act, with effect from the 1st day of September, 2019,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (1), in the first proviso, for the word \"resident\" wherever it occurs, the word \"payee\" shall be substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (1A), in the proviso, for the word \"resident\" wherever it occurs, the word \"payee\" shall be substituted;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>in sub-section (3), after the words \"credit is given\", the words, brackets and figures \"or two years from the end of the financial year in which the correction statement is delivered under the proviso to sub-section (3) of section 200, whichever is later\" shall be inserted.</td></tr></table></div>","words":112,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/50/","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."}