{"act":{"id":"finance-act-2020","short_title":"The Finance Act, 2020","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2020-2021.","act_number":null,"act_year":2020,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":157,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2020/"},"unit":"section","section":{"number":"1","heading":"Short title and commencement","text":"*FINANCE ACT, 2020 [12 OF 2020] An Act to give effect to the financial proposals of the Central Government for the financial year 2020-21. BE it enacted by Parliament in the Seventy-first Year of the Republic of India as follows:— CHAPTER I PRELIMINARY Short title and commencement. 1. (1) This Act may be called the Finance Act, 2020. (2) Save as otherwise provided in this Act,— (a) | sections 2 to 104† shall come into force on the 1st day of April, 2020; (b) | sections 118 to 131 and section 134 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. *RELEVANT EXTRACTS. †Be read as '106'.","html":"<p><b>*FINANCE ACT, 2020</b></p><p><b>[12 OF 2020]</b></p><p><i>An Act to give effect to the financial proposals of the Central Government for the financial year</i> 2020-21.</p><p><i>BE it enacted by Parliament in the Seventy-first Year of the Republic of India as follows:—</i></p><p><i><b>CHAPTER I</b></i></p><p><b>PRELIMINARY</b></p><p><b>Short title and commencement.</b></p><p><b>1.</b> (1) This Act may be called the Finance Act, 2020.</p><p><span class=\"num\">(2)</span> Save as otherwise provided in this Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>sections 2 to 104† shall come into force on the 1st day of April, 2020;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>sections 118 to 131 and section 134 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.</td></tr></table></div><p>*<b>RELEVANT EXTRACTS.</b></p><p>†Be read as '106'.</p>","words":117,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/1/","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."}