{"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":"4","heading":"Amendment of Section 6","text":"Amendment of section 6. 4. In section 6 of the Income-tax Act, with effect from the 1st day of April, 2021,— (a) | in clause (1), in Explanation 1, in clause (b), for the words \"substitu- ted\" occurring at the end, the words \"substituted and in case of the citizen or person of Indian origin having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year,\" for the words \"sixty days\" occurring therein, the words \"one hundred and twenty days\" had been substituted; (b) | after clause (1), the following clause shall be inserted, namely:— \"(1A) | Notwithstanding anything contained in clause (1), an indi- vidual, being a citizen of India, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year shall be deemed to be resident in India in that previous year, if he is not liable to tax in any other country or territory by reason of his domicile or residence or any other criteria of similar nature.\" (c) | in clause (6), in sub-clause (b), for the words \"days or less\" occurring at the end, the following shall be substituted, namely:— 'days or less; or (c) | a citizen of India, or a person of Indian origin, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year, as referred to in clause (b) of Explanation 1 to clause (1), who has been in India for a period or periods amounting in all to one hundred and twenty days or more but less than one hundred and eighty-two days; or (d) | a citizen of India who is deemed to be resident in India under clause (1A). Explanation.—For the purposes of this section, the expression \"income from foreign sources\" means income which accrues or arises outside India (except income derived from a business controlled in or a profession set up in India).'","html":"<p><b>Amendment of section 6.</b></p><p><b>4.</b> In section 6 of the Income-tax Act, with effect from the 1st day of April, 2021,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in clause (<i>1</i>), in <i>Explanation 1</i>, in clause (<i>b</i>), for the words \"substitu- ted\" occurring at the end, the words \"substituted and in case of the citizen or person of Indian origin having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year,\" for the words \"sixty days\" occurring therein, the words \"one hundred and twenty days\" had been substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>after clause (<i>1</i>), the following clause shall be inserted, namely:—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>1A</i>)</td><td></td><td>Notwithstanding anything contained in clause (<i>1</i>), an indi- vidual, being a citizen of India, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year shall be deemed to be resident in India in that previous year, if he is not liable to tax in any other country or territory by reason of his domicile or residence or any other criteria of similar nature.\"</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>c</i>)</td><td></td><td>in clause (<i>6</i>), in sub-clause (<i>b</i>), for the words \"days or less\" occurring at the end, the following shall be substituted, namely:—</td></tr><tr><td></td><td></td><td>'days or less; or</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>c</i>)</td><td></td><td>a citizen of India, or a person of Indian origin, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year, as referred to in clause (<i>b</i>) of <i>Explanation 1</i> to clause (<i>1</i>), who has been in India for a period or periods amounting in all to one hundred and twenty days or more but less than one hundred and eighty-two days; or</td></tr><tr><td>(<i>d</i>)</td><td></td><td>a citizen of India who is deemed to be resident in India under clause (<i>1A</i>).</td></tr><tr><td></td><td></td><td><i>Explanation.—</i>For the purposes of this section, the expression \"income from foreign sources\" means income which accrues or arises outside India (except income derived from a business controlled in or a profession set up in India).'</td></tr></table></div>","words":327,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/4/","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."}