{"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":"18","heading":"Amendment of Section 35AD","text":"Amendment of section 35AD. 18. In section 35AD of the Income-tax Act,— (i) | in sub-section (1), for the words \"An assessee shall\", the words \"An assessee shall, if he opts,\" shall be substituted; (ii) | in sub-section (4), after the words \"in any other previous year\", the words \", if the deduction has been claimed or opted by the assessee and allowed to him under this section\" shall be inserted.","html":"<p><b>Amendment of section 35AD.</b></p><p><b>18.</b> In section 35AD of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (1), for the words \"An assessee shall\", the words \"An assessee shall, if he opts,\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in sub-section (4), after the words \"in any other previous year\", the words \", if the deduction has been claimed or opted by the assessee and allowed to him under this section\" shall be inserted.</td></tr></table></div>","words":71,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/18/","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."}