{"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":"54","heading":"Amendment of Section 115BBDA","text":"Amendment of section 115BBDA. 54. In section 115BBDA of the Income-tax Act,— (a) | in sub-section (1), for the words \"or companies\", the words, figures and letters \"or companies on or before the 31st day of March, 2020\" shall be substituted with effect from the 1st day of April, 2021; (b) | in the Explanation, in clause (b), in sub-clause (iii), for the words, figures and letters \"under section 12A or section 12AA\", the words, figures and letters \"under section 12A or section 12AA or section 12AB\" shall be substituted with effect from the 1st day of June, 2020.","html":"<p><b>Amendment of section 115BBDA.</b></p><p><b>54.</b> In section 115BBDA of the Income-tax Act,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (1), for the words \"or companies\", the words, figures and letters \"or companies on or before the 31st day of March, 2020\" shall be substituted with effect from the 1st day of April, 2021;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in the <i>Explanation</i>, in clause (<i>b</i>), in sub-clause (<i>iii</i>), for the words, figures and letters \"under section 12A or section 12AA\", the words, figures and letters \"under section 12A or section 12AA or section 12AB\" shall be substituted with effect from the 1st day of June, 2020.</td></tr></table></div>","words":99,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/54/","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."}