{"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":"36","heading":"Amendment of Section 80-IAC","text":"Amendment of section 80-IAC. 36. In section 80-IAC of the Income-tax Act, with effect from the 1st day of April, 2021,— (i) | in sub-section (2), for the word \"seven\", the word \"ten\" shall be substituted; (ii) | in the Explanation, in clause (ii), in sub-clause (b), for the word \"twenty-five\", the words \"one hundred\" shall be substituted.","html":"<p><b>Amendment of section 80-IAC.</b></p><p><b>36.</b> In section 80-IAC of the Income-tax Act, with effect from the 1st day of April, 2021,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in sub-section (2), for the word \"seven\", the word \"ten\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>in the <i>Explanation</i>, in clause (<i>ii</i>), in sub-clause (<i>b</i>), for the word \"twenty-five\", the words \"one hundred\" shall be substituted.</td></tr></table></div>","words":58,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/36/","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."}